Chinese bicycle sharing service Ofo has launched its service in seven Indian cities on a pilot basis ahead of homegrown ride-hailing firm Ola which recently announced its entry into space.

Ofo has launched its service in Indore, Ahmedabad, Bangalore, Delhi, Pune, Coimbatore, and Chennai to start with, along with signing agreements with local authorities in Pune and Coimbatore. The Alibaba-backed firm is looking at India as its next big global market. “Through these localised launches we look forward to providing people with a taste of an ‘easy-to-use’ ...