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SoftBank-Backed Ola Denied London Taxi License

By Wayne Ma
· · Source: Reuters

Ola, the Indian ride-hailing company backed by SoftBank, has been denied a license to enter the London taxi market, Reuters reported. The move is a setback for SoftBank, which is grappling with a series of failed investments such as WeWork and a global recession, which has created uncertainties for the operations and share prices of its Vision Fund portfolio companies. London’s public...

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