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Beijing-based bicycle sharing start-up Ofo is expected to launch its services in India and will be made available on Paytm, three people familiar with the development said.
Social media posts from One97 Communications’ founder Vijay Shekhar Sharma hinted at the launch via a tweet on Twitter.
Ofo did not respond immediately to an e-mail requesting details of the launch. According to a media report, users will be able to book and pick up Ofo bikes for $1 per hour using an app.
The service is aimed at metro cities and the company has already held talks with government regulatory bodies, the report added.
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