China's Ofo Makes Big Bang Entry to Tap India's Growing Bicycle-Sharing Trend
Besides Ofo, two Indian players, Zoomcar’s PEDL and Ola’s Pedal, are offering inexpensive bicycle sharing services in India. While Ola and Zoomcar are relatively new in the segment, Ofo, with the support of massive fundraising, is hoping to expand into more cities with a sustainable business model.