Bhavish Aggarwal - co-founder and CEO of Ola

Ola Pumped $60 million in Foreign Operations: Report

India’s ride-hailing giant Ola had to pump near about $60 Mn over the last 15 months to ensure that it gets a nice head start in all its international markets. Regulatory filings filed with Singapore’s Accounting and Corporate Regulatory Authority disclosed these foreign investments. It must be duly noted that most of Ola’s international markets…

ByGirish ShettiMay 15, 20190Comments

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Ola Seeks Car Pooling Opportunity with stake in sRide: Report

Ride-hailing Major Ola is well within the reach of taking yet another step in diversifying its core business. According to sources, Ola is in advanced talks to pick up stake in Pune based carpooling app sRide. Sources add that the company is looking to invest 26% stake in sRide at an estimated investment of 30…

ByGirish ShettiFebruary 18, 20190Comments

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Is FoodPanda Partly Responsible for Fueling Ola’s Fundraising Spree

India’s home grown cab hailing company Ola is currently on a fundraising blitz. Barely a month after raising $50 Mn from two Chinese investors, reports are now claiming that the cab hailing major is finalizing $100 Mn fundraising deal with Steadview. Ola had already raised $1.1 Bn last year at a valuation of nearly $4…

ByGirish ShettiOctober 31, 20180Comments

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Ola & others pump $7 Mn in Scooter sharing startup Vogo

Shared mobility space seems to be the order of the day, with Ola and Hero MotoCorp chairman Pawan Munjal leading $7 Mn round in scooter rental startup Vogo Automotive. The round also participation of existing investors including Matrix Partners India, Stellaris Ventures and few angel investors. Vogo Automotive, which was founded in 2016, currently offers rental…

ByGirish ShettiAugust 14, 20180Comments

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Ola starts making Profit on each ride, aims to become profitable in 2018

Ola aims to become profitable by end of 2018. Ola has probably dropped off biggest ever hint that it may soon achieve the elusive milestone of becoming a profitable company. India’s largest cab hailing company on Thursday said that it has finally started making profit on each cab ride. This profitability on each ride has been…

ByGirish ShettiJuly 12, 20180Comments

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Cab hailing Major Ola posts Impressive 70% growth in Revenue

Cab hailing Major Ola reports Impressive 70% growth in Revenue India’s homegrown cab hailing major Ola has reported an impressive growth in revenue for the financial year ended 2016-17. As per the filings with Ministry of Corporate Affairs, the Bengaluru headquartered cab hailing company posted revenue of Rs1,286 crore in the 2016-17, compared to Rs758.23 crore…

ByGirish ShettiJune 7, 20180Comments

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Ola in talk to Acquire popular food delivery brand Freshmenu: Report

Ola may acquire popular food delivery brand Freshmenu. Homegrown cab hailing major Ola is reportedly in discussion to acquire well known food delivery brand Freshmenu. The development comes barely days after Ola acquired popular transportation app Ridlr for undisclosed amount. Both Ola and Freshmenu have declined to comment on the news report. It seems that the cab-hailing major…

ByGirish ShettiApril 11, 20180Comments

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Ola Buys Transportation app Ridlr to improve Navigation facilities

Ola acquires transportation app Ridlr to improve navigation facilities India’s homegrown cab hailing major Ola on Tuesday acquired popular transportation app Ridlr. However, Ola did not disclose the financial details of the deal and hence value of the deal could not be ascertained. Last month Techpluto had reported that Ola is in talks to buy Ridlr in…

ByGirish ShettiApril 4, 20180Comments

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Ola in Talks to Acquire Transportation app Ridlr: Report

India’s homegrown cab hailing major Ola is reportedly holding discussion to acquire transportation app Ridlr. The acquisition of this app will supposedly help the ride-hailing major to improve its navigation technology and offer better services to all its riders. Ridlr app offers real-time traffic information to users and also enables commuters to books tickets for public transportations. …

ByGirish ShettiMarch 26, 20180Comments

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Microsoft Considering $50-100 million Investment in Ola: Report

In a bid to give push to its cloud business, Microsoft is considering to invest $50 100 million in Indian ride hailing company Ola. Microsoft Corp. is considering investment of $50-100 million (Rs320-640 crore) for a minority stake in ANI Technologies Pvt. Ltd – the parent company of Indian riding hailing company Ola – according to…

ByGirish ShettiJuly 25, 20170Comments

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