Ola & Uber see Drastic Slowdown in the Growth of Daily Rides: Report

The two biggest sharks in India’s cab hailing industry - Ola & Uber - have reportedly witnessed serious slowdown in the growth of their rides over the past one year. However, if grapevines are to be believed then both companies are least surprised by this downward trend. Industry experts claim that this downward trend is the…

ByGirish ShettiSeptember 24, 20180Comments

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After OZ & UK, Ola all set to tap into New Zealand Market

Barely hours after raising $50 Mn, Ola made another important announcement on Tuesday. India’s home grown cab hailing company has announced that it is all set to make foray in New Zealand (NZ). This will mark cab hailing company’s third international operation, followed by its recent launch of operation in U.K. and also in Australia…

ByGirish ShettiSeptember 18, 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 Talks to Acquire Uber’s India Business: Sources claim

Ola in discussion to acquire Uber’s India business. Days after selling its Southeast Asian business to regional rival Grab, Uber may now follow the same recourse for its India business as it looks to trim down its mounting losses. Reliable sources have revealed to top media publications that Uber is currently holding talks with its Indian competitor…

ByGirish ShettiMarch 29, 20180Comments

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Ola Rakes up $2 billion from Soft Bank, Tencent & Other Investors: Report

Ola raises $2 billion dollars in fresh round of funding. India’s homegrown cab hailing company Ola has raised $2 billion from clutch of high profile investors including giants like SoftBank Group Corp and Tencent Holdings Ltd, according to several media reports. Chinese internet juggernaut Tencent has reportedly contributed $400 million in this round. Media reports further…

ByGirish ShettiOctober 3, 20170Comments

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