Mubasher: Ola Cabs has announced plans to expand into New Zealand, in the cities of Auckland, Christchurch, and Wellington. Considered the main competitor to Uber in India, Ola is seeking to launch its services in several new markets, after entering Australian and British markets in February and August, respectively. The company raised $50 million, increasing its valuation to $4.3 billion, CNBC reports. Last year, Ola introduced an online food delivery service Foodpanda, further increasing the competition with Uber's food delivery service UberEats. Ola has around 125 million users around the globe, as per company numbers.