Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 12 2018

Mobike pulls out of Bhubaneswar smart city project

This comes after Meituan Dianping, largest Chinese online on-demand service provider company, took over Mobike in a Rs 2.7- billion deal.

Mobike, the Chinese bike-sharing giant, has pulled out of the Bhubaneswar smart city project. This comes after Meituan Dianping, largest Chinese online on-demand service provider company, took over Mobike in a Rs 2.7- billion deal.

The move comes as a blow to Odisha government’s plan. They have planned to launch a public bicycle-sharing system in Bhubaneswar before the World cup Hockey event in November.

After Mobike’s decision, the state government is initiating a fresh process to award public bicycle sharing licence.

In April 2018, the bike-sharing giant was selected to implement the bicycle sharing service in the state. But before the deal could process further, Mobike was sold to Meituan Dianping.

Some of the companies like Hero, Ola Pedal, Mobycy and Zoomcar have shown initial interest in the project.

Comment
Related opportunities
  • Bars, Pubs & Lounge
    About Us: A multi-award winning, trendy resto-bar by Rachel Goenka, located..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Car wash / Ceramic Coating / Detailing
    About Us: Across the globe, 3M is inspiring innovation and igniting..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Beauty Salons
    About: Waves is a well-established and renowned chain of salons &..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  •    About Us:  We began our Journey in 2007 with best in..
    Locations looking for expansion Kharodi
    Establishment year 2008
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Kharodi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities