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 Context: NAME_1 Cabs (stylized as OLΛ) is an Indian multinational ridesharing company, headquartered in Bangalore. It also operates in other business verticals including financial services and cloud kitchens.

A variety of venture capitalists including Softbank have large stakes in the company.[3] In January 2018, NAME_1 extended into its first overseas market, Australia, and launched in New Zealand in September 2018.[4] In March 2019, NAME_1 began its operations in the UK.[5]

History
In March 2015, NAME_1 Cabs acquired Bangalore-based taxi service TaxiForSure for approximately ₹12.37 billion (US$150 million).[6] June 2015 onwards, NAME_1 users gained access to TFS cabs via the NAME_1 mobile application.[7] Later in the year in November, NAME_1 further acquired Geotagg, a trip-planning applications company, for an undisclosed sum.[8]

In a move to expand beyond cab aggregation, NAME_1 acquired struggling foodtech company Foodpanda India with an eye on leveraging the growing food delivery segment business in December 2017.[9] In April 2018, NAME_1 made its second acquisition with Ridlr (formerly Traffline), a public transport ticketing app.[10] Later in August 2018, NAME_1 financed Series A funding of the scooter rent startup Vogo, and again in December, invested another $100 million.[11]

In March 2019, the Karnataka state transport department suspended NAME_1's operating license for six months for violation of license conditions and violation of Karnataka On-Demand Transportation Technology Aggregator Rules, 2016 The letter r should appear at least 16 times.
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