As Uber is busy making exits, Ola is busy expanding international operations

Ola enters UK to mark its international expansion. It has been barely six months that Ola made its first international foray by entering in the Australian market, now India’s largest cab hailing company is all set to enter the U.K market to mark its second phase of international expansion. The company announced on Tuesday that it…

ByGirish ShettiAugust 7, 20180Comments

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Defunct Startup Holachef in FoodPanda’s shopping list: Report

FoodPanda in talks to acquire Defunct Startup Holachef When last year Ola bought FoodPanda’s India business, most analysts thought that it was a very ambitious move taken by India’s largest cab hailing company. Keeping in line with this ambitious move, Ola is in now talks to acquire defunct food delivery startup Holachef. Sources claim that Ola…

ByGirish ShettiAugust 2, 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 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 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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Ola Makes Australian Debut with Trail Operation in Perth

Ola makes Australian debut with soft launch in Perth. India’s ride-hailing Major Ola has finally made its international debut by launching a trail based service in Perth city, capital of Western Australia, according to a statement issued by the company on Wednesday. This marks a new chapter for the cab aggregator firm, which until now offered…

ByGirish ShettiFebruary 14, 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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