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<keyword id="6354720" type="PERSON" weightage="100" keywordseo="Ola">Ola</keyword> is now planning to take its sharing feature to a whole new next level. The Bengaluru-based ride hailing company is considering an expansion of its ride-sharing feature beyond taxis to any and every mode of transport it operates in currently, such as auto rickshaws or kali peelis, Mumbai's traditional cabs. 
 
The company is also looking forward to extend the feature to Ola rentals and outstation, which enables inter-city travel, hoping that sharing will further cut down prices and make the offering more attractive. 
 
The company is also exploring the share feature on its platform and hopes to make the rides cheaper for commuters. 
 
"Ride sharing is the future. It brings costs down and is good for the environment especially in a supply-constrained markwith an increasing demand. This is one of the biggest bets for the company in the future, which is why it is "doubling down, on it,” an official told ET. 
 Chief executive of Ola, Bhavish Aggarwal, said “ride sharing not just brings down the cost for the user but also improves the "bottom-line, for the company since the "asset is utilised better with more than two people sharing it. When it launched <keyword id="3814516" type="UNKNOWN" weightage="20" keywordseo="ola-outstation">Ola Outstation</keyword>, one of the company's newest offerings, it expected to significantly bring down the cost of travelling in a private vehicle between popular circuits such as Delhi-Jaipur-Agra or Mumbai-Pune.” 
 "Imagine you can get to a place at onethird of the cost of a normal taxi by sharing the ride,, he added. Aggarwal had also said that Ola is registering fast growth for its car-pooling service, <keyword id="3071535" type="UNKNOWN" weightage="20" keywordseo="Ola-Share">Ola Share</keyword>, which it expects to account for a majority of the business by next year. "The matching rates on Ola Share are the best in the world, at 80%,” he said.

Ola is looking forward to introducing ‘Ola Share’ in auto rickshaws, black-yellow taxis

<keyword id="6354720" type="PERSON" weightage="100" keywordseo="Ola">Ola</keyword> has shared an analysis of the user and ride data generated from the <keyword id="3814516" type="UNKNOWN" weightage="20" keywordseo="ola-outstation">Ola Outstation</keyword> category collected May 2016 onwards, which shows some interesting trends on consumer preferences for weekend getaways, popular tourist destinations, average travel days, and popular months through the year for outstation travel. <div type="embedgroup"> <div type="Article" hostid="261" msid="58927276" title="77% of Venture Capitalists in IBM “Entrepreneurial India” Study Believe that Indian Startups Lack Innovation" rank="1.0" kind="RELATED" publishDate="May 31, 2017, 5:00 PM" mstype="2" mssubtype="0"></div></div>
Mumbai - Where most Ola Outstation trips originate: The report takes into consideration preference of commuters across 700 cities in the country that are connected by Ola’s Outstation offering. As per the findings, Mumbai leads the pack of vacationers in the country, closely followed by Delhi, Pune, Hyderabad, Chennai and <keyword id="6354321" type="CITY" weightage="20" keywordseo="Bengaluru">Bengaluru</keyword>. <div type="embedgroup"> <div type="Article" hostid="261" msid="58951257" title="These Disruptions made by Flipkart over Ten Years Helped it Lead the E-commerce Sector" rank="1.0" kind="RELATED" publishDate="Jun 01, 2017, 11:49 PM" mstype="2" mssubtype="0"></div></div>
Top locations on Ola Outstation: The data shows that travelers in India seem to prefer weekend getaways more than longer vacations. Mumbaikars love to hop onto an Ola Outstation to travel to places such as Pune, Lonavala, and Imagica; following suit are Delhiites who have fed their wanderlust through trips to places such as Agra, Neemrana and Jaipur. Punekars have hailed Ola Outstation the most to go to Mumbai, Lonavala and Lavasa. The Mumbai-Pune Expressway is one of the most travelled expressways in India. Travelers love to escape to the Himalayan resort town, Manali, which has emerged as the favourite hill station. They also love to soak the sun in the famous beach town - Puducherry. Shirdi in <keyword id="13126" type="COMPANY" weightage="20" keywordseo="Maharashtra">Maharashtra</keyword> has emerged as the most preferred pilgrimage destination, followed by Tirupati and Haridwar. Some other frequently visited locations across the country include; Agra, Jaipur, Kanpur, Lucknow, Puri and Mysuru. <div type="embedgroup"> <div type="Article" hostid="261" msid="58839029" title="59% travelers care more about Online Travel Deals Compared to Brands According to This Survey" rank="1.0" kind="RELATED" publishDate="May 25, 2017, 2:48 PM" mstype="2" mssubtype="0"></div></div>
Additionally, Ola has identified that commuters across the country tend to plan their travel in the months of the year, with the period of April to July and October to December witnessing the most number of outstation rides.

Mumbai & Delhi Citizens Vacation the most, according to Ola’s Outstation Insights

New Delhi, Mar 20 () Ride-hailing firm Ola has suspended shared rides temporary in an effort to curb spread of coronavirus that has killed over 10,000 persons so far globally. "In our efforts to curb the spread of COVID-19, we are temporarily suspending the 'Ola Share' category until further notice," the company said in a statement on Friday. Ola users have an option to take ride that can be shared with other customers which costs less than standalone ride. "The temporary suspension of Ola Share services is an attempt to encourage social distancing for all cases of essential travel for citizens," the statement said. The company said it will continue to provide micro, mini, and prime as well as rental and outstation services rides. PRS HRS

Ola temporary suspends share rides

Pune, Jun 5 () Ride-hailing major Ola on Friday said it has resumed its services in Pune with necessary safety and precautionary measures. Along with Pune, Ola will also be offering its services across major cities such as Mumbai, Nashik, Nagpur, Aurangabad, Solapur, and Amravati. Citizens across these cities will now be able to book both in-city and out-station trips (intra-state only) for their essential travel needs, the firm said in a release. The release said that the firm has also introduced five layers of safety that include strictly adhering to steps that ensure the highest standards of safety and hygiene for every ride. "This includes compulsory mask usage for driver-partners and passengers, deep sanitisation of cars before and after rides, amongst others. A flexible cancellation policy has also been introduced that allows either the passenger or driver-partner to cancel the ride if they feel the other party is not following the rules or not wearing a mask," the release stated. Ola has mandated all vehicles on the platform to follow hygiene and safety standards that will include the cars being cleaned and sanitised before every ride. Dedicated fumigation centres will also be set up across Pune and other cities in Maharashtra to fumigate vehicles and screen driver-health every 48 hours. Anand Subramanian, spokesperson for Ola, said that as per the latest guidelines issued by the Maharashtra government, driver-partners operating three and four-wheelers will be able to serve the mobility needs of Punekars through the Ola platform. "We are thankful to the Maharashtra state government for bringing relief to thousands of auto-rickshaw, kaali-peeli and cab driver-partners whose livelihoods have depended on mobility," he said. Complying with state government regulations, Ola cabs will operate with one driver and two passengers in cabs and auto-rickshaws. SPK MKJ MKJ

Ola resumes services in Pune with safety measures

A notable one among youngest millionaires, Ola Founder Bhavish Aggarwal is an inspiring personality who rose to fame through luck, smart work as well as hard work. Here are a few interesting facts about Bhavish Aggarwal, you might not have known so far. A native of Punjab Bhavish Aggarwal was born in Punjab on 28 August 1985. He is an independent entrepreneur in every sense of the term. In an important turn in his life, he co-founded Ola cabs. A former student of IIT, Bombay Bhavish completed his bachelor’s degree in computer science from Indian Institute of Technology (IIT) Bombay. Starting off his career Microsoft gave the first platform for Bhavish to start his career. He worked with this company for about 2 years. During his tenure, he filed two patents. He too published 3 papers in international journals. Founded Ola cabs In the year 2011, Bhavish co-founded Ola Cabs with Ankit Bhati in Mumbai. Within a time span of four years, Bhavish and his co-founder Ankit Bhati were the youngest to be listed among the richest Indians for the year 2015. How Ola Cabs came up In one of his business journeys, Bhavish travelled from Bangalore to Bandipur. He rented out a car and the entire episode ended up in a bad tone. The driver stopped on the way and started demanding more than what was agreed upon initially. When he was refused, the driver abandoned him on the way before the destination. Bhavish understood this was the plight faced by several other travelers booking cars. Bhavish wished to find a car rental company that will assure a great customer experience combined with economical prices. Tapped the potentials in car booking Bhavish foresaw great potential in car booking business. In 2010, he co-founded Ola Cabs with Ankit Bhati. His parents in fact did not like the idea of Bhavish jumping into a sort of travel booking agent’s job. Nevertheless, when Ola Cabs received its first round of funding from two angel investors, Bhavish’s parents started believing that he has some workable ideas. The Ola Cabs model Ola Cabs did not resort to the model of buying and renting its own cars. Instead, it partnered with a number of taxi drivers and moved the entire set up to a sophisticated step forward. As per the Ola Cabs model, people could book cars within a short while from the comfort of their phones. The bookings that were accepted were half or full-day rentals and also outstation taxi services. Ola Cabs offers the widest set of options to the customers including Mini, Prime, and Luxury. The most economical cabs Right from the time of its inception, Ola Cabs depended on SoftBank for is funding needs besides pooling investments from Angel Investors. They also started charging lesser than what the auto-rickshaws charged. Ola Cabs offered taxi bookings for dead cheap prices at Rs.10 per km. Ola Cabs expansion Ola Cabs has recently ventured into providing auto-rickshaw booking services following the launch of Ola Auto. It is now possible for customers to find autos on-demand on the Ola Auto app. Read Also about other Personalities - <a href="https://www.businessinsider.in/10-interesting-facts-about-ratan-tata-that-you-should-know/articleshow/69914798.cms">Facts about Ratan Tata</a> <a href="https://www.businessinsider.in/interesting-facts-about-oyo-founder-ritesh-agarwal/articleshow/70417612.cms">Ola founder Ritesh Agarwal</a> <a href="https://www.businessinsider.in/unknown-facts-about-flipkart-founder-sachin-bansal/articleshow/70494717.cms">Flipkart founder Sachin Bansal</a>

Interesting facts about Ola founder Bhavish Aggarwal

New Delhi, Mar 21 () Ride-hailing firm Ola will offer a floater insurance cover of up to Rs 30,000 crore for its around 20 lakh registered driver partners and their spouses in case they are hit by coronavirus infection. "All eligible Ola driver-partners and their spouses shall be covered by a floater sum of Rs 30,000 under which they can receive a compensation of Rs 1,000 per day for a maximum of 21 days for an individual from the date of a positive diagnosis for COVID- 19," Ola said in a statement. Ola partners can claim for the cover for hospital as well as home quarantine prescribed by a qualified medical practitioner, as approved by the government norms from time to time."Drivers can make a claim for this compensation for themselves and (or) their spouse by providing appropriate medical documents. This coverage comes in with immediate effect and is available for all Ola driver-partners in India across all categories including Ola Bike, Ola Auto, Ola Rentals and Outstation," the company said. Ola currently operates in 250 Indian cities. The company has also partnered with online doctor consultation App, Mfine, to provide free medical help for driver-partners and their family members."The outbreak of COVID-19 poses a risk of impacting the health and livelihoods of millions across the country including that of our driver-partners and their families. Through our tailored insurance offering, we are able to help driver-partners and their spouses, through assured financial support if they are diagnosed with covid-19," Ola spokesperson and head of communications Anand Subramanian said. PRS MKJ

Covid-19: Ola announces floater coverage of Rs 30,000 for 20 lakh driver partners

<keyword id="6354720" type="PERSON" weightage="100" keywordseo="Ola">Ola</keyword> is a homegrown brand that all of us have learned to depend on for <a href="http://www.businessinsider.in/Restaurant-Week-Dinner-at-Olive-Bar-Kitchen/articleshow/54567808.cms">our transportation needs. </a>In a recent chat with <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword>, <keyword id="339753" type="PERSON" weightage="60" keywordseo="Pranay">Pranay</keyword> Jivrajka, COO, Ola talked about Ola’s rollercoaster ride starting from a call center. Ola started with two categories; rentals and outstations as a core business. From just English, <a href="http://www.businessinsider.in/Flipkart-Snapdeal-and-Shopclues-agree-Demonetization-has-been-a-boon-in-disguise/articleshow/55477332.cms">Ola is now available in nine languages to run smoothly </a>in 102 Indian cities. 
 
<a href="http://www.businessinsider.in/EXCLUSIVE-Olas-COO-talks-about-all-the-aces-to-take-on-competition-from-Uber-in-2017/articleshow/55477059.cms">ALSO READ: EXCLUSIVE: Ola’s COO talks about all the aces the company has up its sleeves to take on competition from Uber in 2017</a> 
 
In the last one year, Ola has pivoted to 8-9 categories under the platform and Pranay said that it’s because of the patrons. He said ‘We have realized is that there has been a lot of behavioral change that has happened in consumers in terms of how they consume mobility. This has become a utilitarian need. The experience that we are trying to deliver at different price points, because the market is very heterogeneous’ 
 
We decided to take you on a ride through Ola’s categories that have been created because of what your mobility needs are. Take a look.

These are Ola’s biggest product innovations created as a result
of direct user insights

Cab aggregator <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> posted a consolidated loss of over Rs 2,311 crore -- about Rs 6 crore a day -- during fiscal 2015-16, on account of heavy advertising and promotional expenses and high employee cost, as per a news report by PTI.The Bengaluru-based firm, which is locked in an intense battle for leadership with US-based Uber, has seen its losses widen about three times from Rs 796.11 crore in 2014-15, Ola said in a filing with the Ministry of Corporate Affairs.<keyword id="2200842" type="UNKNOWN" weightage="20" keywordseo="ANI-Technologies">ANI Technologies</keyword> -- which runs Ola -- did see its revenues registering a stellar growth at Rs 758.23 crore during 2015-16 compared to Rs 103.77 crore in the previous fiscal.Emails by PTI sent to Ola remained unanswered.<keyword id="2385099" type="UNKNOWN" weightage="20" keywordseo="Anchal-Agarwal">Anchal Agarwal</keyword>, co-founder of research and analytics firm <keyword id="4159482" type="UNKNOWN" weightage="20" keywordseo="Tofler">Tofler</keyword> said while the absolute amount of losses have indeed widened, the loss margin has "reduced considerably"."They spent almost Rs 8.5 for every rupee earned in 2014 -15. That number is down to almost Rs 4 for every rupee earned for 2015-16. With the pull-back in incentives etc in recent months, it's possible this has now dropped to levels at par with e-commerce companies that spend roughly Rs 2-3 for every rupee earned," she added.The consolidated numbers include financials of ANI Technologies, Ola Fleet Technologies (leasing business), <keyword id="1062211" type="UNKNOWN" weightage="20" keywordseo="Serendipity-Infolabs">Serendipity Infolabs</keyword> (Taxi For Sure) and Zipcash Card Service (46 per cent ownership).In August 2016, Ola shut down the TaxiForSure (TFS) business, about 18 months after acquiring the rival for USD 200 million.As per the filing, Ola's losses were widened on account of employee related expenses rising over five-fold to Rs 461.60 crore in the said fiscal from Rs 85.16 crore in 2014- 15. Similarly, Ola expanded its advertising and promotional expenditure to over Rs 437.89 crore in 2015-16 from Rs 99.84 crore in the previous year.Both Ola and Uber have loosened their purse strings to bring more riders and driver partners on board, offering them discounted rides and incentives, in a bid to wrest control of the lucrative Indian market.Over the last few years, the explosion of smartphones in India the world s second largest telecom market in terms of subscriber base has made it more convenient for consumers to book a cab on the go through apps and secure payment options.Companies like Ola and Uber have made booking a taxi ride as easy as a couple of quick taps on the phone screen.Since ANI Technologies is not a publicly-traded company, it is not obligated to disclose quarterly performance. It has raised investments of over USD 1.5 billion from investors, including <keyword id="163404" type="COMPANY" weightage="20" keywordseo="Softbank">SoftBank</keyword> Group, Tiger Global, Matrix Partners, Steadview Capital, <keyword id="270604" type="ENTERTAINMENT" weightage="20" keywordseo="Sequoia">Sequoia</keyword> India, Accel Partners US and Falcon Edge.In November, Ola raised about USD 250 million from SoftBank, albeit at a lower valuation of USD 3 billion (compared to USD 4.5 billion earlier). The company's Board has recently approved a proposal to raise another USD 100 million from investors, which it said would be "primarily to fund its expansion plans".Ola, which has a presence in 110 Indian cities compared to Uber's operations in 29 cities, has been aggressively expanding its portfolio of services. It has a number of offerings like Micro (affordable), Mini, Prime (sedan), Lux (luxury), Outstation, Share (shared rides), Auto, Rentals, Shuttle (buses) and e-rickshaw. Ola, which claims to have over 6,00,000 vehicles across cabs, auto-rickshaws and taxis, is also placing big bets on new technologies like electric vehicles to stay ahead of competition

Bleeding bad: Ola roughly spent Rs 4 for every rupee earned during 2015-16

<a href="http://www.businessinsider.in/searchresult.cms?query=cab+services&amp;sortorder=effectivedate">Cab aggregator</a> <a href="http://www.businessinsider.in/searchresult.cms?query=ola&amp;sortorder=effectivedate">Ola</a> spent heavily, almost double of what it earned to maintain its number one position and ended up in losses. 
 <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> recorded a loss of Rs 796 crore for FY15, as per regulatory filings made by the firm. 
 
Ola had earned total revenue of Rs 421 crore in the same period, which was an eight-fold increase over the previous year. 
 
ANI Technologies, which owns Ola, said majority of its revenue came from car rental service at around Rs 380 crore and earned Rs 2.26 crore through commission on taxi services. 
 
Presently, Ola is doing everything it can to maintain its lead over <a href="http://www.businessinsider.in/searchresult.cms?query=uber&amp;sortorder=effectivedate">Uber</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=taxiforsure&amp;sortorder=effectivedate">TaxiForSure</a> – that are deepening their presence in India. 
 
To maintain the competition, Ola recently started outstation and rental categories to spread its wings over the transportation industry.

Ola spends heavily to maintain lead, ends up in losses

2016 was a challenging year for the online cab aggregator industry from an external perspective, with multiple regulatory challenges and labor issues. 
 
<a href="http://www.businessinsider.in/why-vh1-supersonic-was-the-festival-to-beat-in-pune/articleshow/57208516.cms">ALSO READ: Why Vh1 Supersonic was the festival to beat in Pune</a> 
 
However, consistently growing demand from customers enabled the industry to tackle all these challenges successfully and emerge successful at the end of the year compared to the beginning, by delivering 500 Mn rides in 2016, up from 130 Mn in 2015 registering a staggering 250% year-on-year growth in the country, according to Redseer Consulting. 
 
<a href="http://www.businessinsider.in/booking-com-is-providing-startups-in-tourism-sector-a-chance-to-go-to-amsterdam/articleshow/57253587.cms">ALSO READ: Booking.com is Providing Startups in Tourism Sector a chance to go to Amsterdam</a> 
 
Other factors that played a big role in the growth of this industry were: 
 
1) The industry experienced a 9% month-on-month average growth in the year 2016 
 
2) The customer adoption increased with cheaper options like the ride at INR 6/km and share rides driving up customer adoption.

	 
	<a href="http://www.businessinsider.in/uber-partners-with-reliance-jio/articleshow/57254320.cms">ALSO READ: Uber partners with Reliance JIO to allow payments with JIO Money</a> 
	 
	3) Demonetization did not affect the industry much and drove up non-cash transactions by 20% 
	 
	4) Options like Rentals and Outstation Taxi add to the online cab aggregators’ portfolio 
	​ 
	5) States putting a blanket ban on surge pricing affected payouts to drivers and operations which was the only downside to the growth streak.

Online cab players in 2016 completed nearly half a
billion rides with 250% y-o-y growth in India

<a href="http://www.businessinsider.in/Your-Uber-Ola-rides-could-get-much-more-expensive-if-it-were-upto-the-Maharashtra-government/articleshow/55374515.cms">Pranay Jivrajka, Chief Operating Officer of Ola, </a>also half the company’s brain power along with Founder and CEO <keyword id="1553134" type="UNKNOWN" weightage="20" keywordseo="Bhavish-Agarwal">Bhavish Agarwal</keyword>, has seen the company grow from a call center in Mumbai to reaching 102 dynamic cities of India. Given the size of the task at hand, Pranay is always shuttling between cities at top neck speed. It is during one such dash from Bangalore to Delhi that we stole an hour from him, asking him about all the aces <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> has up its sleeves for the next year. For a company that is facing stiff competition from its biggest competitor in India, the global deep-pocketed Uber, Pranay seemed very much at ease discussing some of the finest details of Ola’s path to domination in the rather fast-growing and exuberant cab aggregator space. 
 
 
Q. Ola’s growth has been phenomenal in the past three years. What is going to be Ola’s areas of growth in the coming months? 
 
Pranay: The industry is evolving at a very fast pace. 
We had rentals and outstations as a core business and went into point-to-point and pivoted the model, saw that this is the real opportunity improve that for 3-4 years. Over the last one year, we have got 8-9 categories under the platform. We’ll have very strong focus on shared mobility and <a href="http://www.businessinsider.in/Restaurant-Week-Dinner-at-Olive-Bar-Kitchen/articleshow/54567808.cms">local innovation in terms of how can we further improve customer and driver experience.</a> 
 
Q. What are the cities that have really done well in terms of shared mobility, which is also why I ask you why such focus on shared mobility? 
 
Pranay: In a supply constrained market and shared mobility helps you decongest at least 30, 40, 50 cars – a shared cab for a day running on Ola would serve at least 30, 40 50 customers depending upon the city. The price points at which it comes is obviously cheaper because you are sharing it with the other person and you are also in some way or the other contributing to the environment. 
 
Q. Does a significant portion of rides happen on Ola Share? 
 Pranay: The big markets are all in similar range– between 20 to 40%. All the seven big cities would be in this range when it comes to the contribution of Ola Share in the overall rides that we do in that city like Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Pune, and <keyword id="6354925" type="COMPANY" weightage="20" keywordseo="Kolkata">Kolkata</keyword>. We have OlaShare in 15 cities currently. 
 
Q. When you are talking about cities that you are present in, what is the idea or what is the criteria that you look at before you enter a city? 
 
Pranay: When we started we had a comprehensive understanding of what all is needed right from the population, the number of bridges that you have in the city, does it have an airport or a railway station. How well are those connected? Is there a public transport system? How many people use that intuitively? How are autos there? Do they run on the meter? How is the regulatory state government? What are the fuel options available? Then how many hospitals you have, how many schools you have, how many colleges you have, how many big corporates you have. So, these are like some of the parameters and eventually by mapping these parameters – we mapped more than 250 cities when we launched eventually came down to 102 cities to understand what should be the stack ranking of cities in which we are penetrating. Then we also see how is the city connected well. 
 
Q. So, with Ola Outstation facility, you have access to about 500 cities? What innovations are happening in this space? 
 Pranay. <keyword id="51958" type="ENTERTAINMENT" weightage="20" keywordseo="YES">Yes</keyword>. Recently we started one-way trips where you don’t have to pay for the round-trip. So, if you book a cab for <keyword id="6356295" type="COMPANY" weightage="20" keywordseo="Agra">Agra</keyword> from Delhi – so far you have to pay for the round-trip even if you are going one side , except that now we have started with one-way trips where you have almost 55% of the ride cost that you have to pay. The driver will get a business from Agra and by using navigation he can run his cab in Agra for a while and then eventually come back. This is something that we are contemplating and should be implemented by March 2017. 
 
<a href="http://www.businessinsider.in/In-a-first-Ola-launches-credit-for-ride-share/articleshow/55461416.cms">ALSO READ: In a first, Ola launches credit for ride-share</a> 
 
Q. There is this whole apprehension that Ola is running out of cash and it’s been written about and spoken about so many times. Please set the record straight. 
 
Pranay: We are reasonably capitalized, well capitalized at the moment. <a href="http://www.businessinsider.in/The-pros-and-cons-of-e-wallets-like-Paytm-Freecharge-and-Mobikwik/articleshow/55437683.cms">There are certain speculations out in the market that Ola is raising funds or Ola has raised some funds. </a>But I would say that these are speculations and it will be hard for me to comment on that. If you ask me are you looking for funds or not, then I would say it is a constant journey, and if the opportunities arise and the market is hot obviously regardless of whether you need money or not, you will go ahead.

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