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India's Ola set to challenge Uber in UK ride-hailing market

Low commission rates offered to lure private-hire and taxi drivers

India's ANI Technologies, operator of the Ola ride-hailing app, recently received a total of $1.1 billion in funding from Tencent Holdings, SoftBank Group and U.S. investors.

Indian ride-hailing startup Ola on Tuesday said it plans to start services in the U.K., marking its second foray into an overseas market in its battle against Uber.

Ola will launch operations in South Wales next month, then move into Greater Manchester. "The company is working with local authorities across the U.K. to expand nationwide by end of 2018," it said in a news release.

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