App-based ride-hailing platform Ola is shutting down its bus service Ola Shuttle, after scaling it down in several cities in recent weeks. VCCircle was the first to report this. The company confirmed this development to MediaNama, and said that the shutdown was a re-balancing of portfolios. Ola also mentioned that it plans to focus on categories like Autos, Share and emerging tech like electric vehicles. The VCCircle report mentioned that Ola has terminated its bus services on many routes across the National Capital Region, Mumbai, Kolkata and Hyderabad. The company reportedly informed customers about the termination of the service in the last week of January, saying that Ola Shuttle will cease operations by February 3. Shuttle commuters also received messages from the company promising a refund of all pre-paid passes to their Ola Money wallets. The company also told bus operators that their…
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