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

Funding News

Ola Signs Term Sheet with South Korean Fund to raise fresh funds

Ola is all set to bring another new investor amid its ongoing boardroom battle with SoftBank. According to Economic Times (ET), Ola has signed a term sheet with Mirae Asset-Naver Asia Growth Investment. Mirae Asset-Naver Asia is a South Korean joint venture fund between financial giant Mirae Asset and internet major Naver. Ola Signs Term Sheet…

ByGirish ShettiFebruary 12, 20190Comments

Funding News

Ola closes Series J Funding round after Raising fresh Capital from Steadview Capital

Continuing with its aggressive fundraising spree, Ola on Friday announced that it has successfully closed the ongoing series J funding round by raising over Rs 520 crore from the Hong Kong-based Steadview Capital. According to Economic Times (ET), the fresh round values the company anywhere between $5.5 billion and $6 billion, which technically makes India’s…

ByGirish ShettiJanuary 11, 20190Comments

Funding News

Why Ola may find SoftBank’s latest Funding Proposal simply irresistible

Ola is simply not in a position to say firm ‘no’ to SoftBank’s latest funding proposal. This is not a sensational claim, but simple commonsense determined by prevailing business realities. Before we go any further to validate our argument, it is important inform that several media reports are now claiming that existing investor SoftBank has…

ByGirish ShettiDecember 4, 20180Comments

News

Is FoodPanda falling into a Trap by offering Deep Discounts

Industry analysts have always argued that deep discounts can get you deal hunters but never loyal customers. However, this conventional wisdom hardly seems to bother FoodPanda as it is busy offering deep discounts to customers. The Ola owned company has, of course, resorted to this seemingly desperate strategy in order to catch up with Zomato…

ByGirish ShettiNovember 13, 20180Comments

News

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

Funding News

Sachin Bansal may book ride in Ola with $100 Mn funding

Sachin Bansal seems to be on the cusp of a history. Flipkart co-founder is said to be on the verge of closing India’s largest personal investment deal in India’s internet space. If grapevines are to be believed, Bansal is likely to pump $100 Mn or Rs 740 crore in the ride hailing company Ola. According to…

ByGirish ShettiOctober 11, 20180Comments

News

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

News

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

News

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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