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Posts Tagged ‘ ANI Technologies Pvt Ltd ’

SoftBank will continue to back Ola, Snapdeal, says top exec Alok Sama

Thursday, October 20, 2016 | More »

Japanese telecom and internet major SoftBank Corp will strongly back its investee firms Ola and Snapdeal as they take on global goliaths Uber Technologies Inc and Amazon.com Inc in a battle for larger market share and supremacy, according to a top SoftBank executive. Over the last two years, SoftBan...


Ola in talks with SoftBank and General Motors to raise $500 mn

ANI Technologies Pvt Ltd, which runs cab-hailing app Ola, is reportedly in talks with its existing investors that include Japan’s SoftBank and US-based General Motors, for a fresh round of funding to raise $500 million. Ola has held preliminary discussions with US automobile giant General Motors (...

13 October, 2016 | More »


Ola looks to extend market share over Uber with offline cab booking services

As the battle for market dominance intensifies in the taxi aggregator services space in the country, home-grown cab-hailing startup Ola, run by ANI Technologies Pvt. Ltd, has introduced a key feature named Ola Offline enabling its users to book cabs without Internet through a text message, the compa...

5 October, 2016 | More »


Uber ramps up hiring in India to gain edge in battle with Ola

Uber Technologies Inc. is rapidly increasing its headcount in India, as the US cab-hailing firm shifts its focus to the South Asian nation after exiting China. The number of employees has grown almost eight times over the past year, from 80 to more than 600 now, Pradeep Desu, head of recruitment at ...

29 September, 2016 | More »


Ola expands ride-sharing service to three more cities

Cab-hailing startup Ola, run by ANI Technologies Pvt. Ltd, said on Monday it is expanding its ride-sharing service Ola Share to three more cities. By starting services to Chandigarh, Jaipur and Ahmedabad, Ola Share will be available in 10 cities across India, the company said. TechCircle had recentl...

26 September, 2016 | More »


Ola shuts TaxiForSure unit, lays off up to 1,000 people

Cab-hailing company Ola has shut its TaxiForSure unit and is laying off as many as 1,000 employees, as the SoftBank Group Corp-backed firm tightens its belt to take on US-based rival Uber. According to at least half-a-dozen people with the direct knowledge of the development, about 90% of the staff ...

16 August, 2016 | More »


Exclusive: Ola looks to acquire app-based bike taxi startups

Cab aggregator Ola is looking to acquire bike taxi operators in several cities, according to multiple people directly familiar with the matter, as the SoftBank-backed company aims to quickly expand in a segment that has vast growth potential in India’s traffic-choked cities. ANI Technologies Pvt. ...

11 August, 2016 | More »


What UberChina’s merger with Didi Chuxing means for India

Uber Technologies Inc.’s decision to exit China after selling its local ride-hailing business to rival Didi Chuxing will make life easier for the two companies but it makes things a bit complicated for India’s largest cab aggregator—Ola. For, San Francisco-based Uber will now have greater room...

1 August, 2016 | More »


Exclusive: After licence, Ola gets show-cause notice from Karnataka govt

Homegrown cab aggregator Ola has received a show-cause notice from Karnataka’s transport department asking why its licence should not be cancelled under a new law for on-demand transportation companies. The development comes barely three weeks after Ola, run by ANI Technologies Pvt. Ltd, obtained ...

11 July, 2016 | More »


Ola spent nearly Rs 100 crore to earn Rs 31 crore revenue a month in FY15

Ola, India’s largest on-demand cab hailing service, burnt as much cash as the country’s top three legacy online travel agencies—MakeMyTrip, Yatra and Cleartrip—put together in 2014-15, as it left no stone unturned to stave off competition from US-based rival Uber Inc. ANI Technologies Pv...

23 June, 2016 | More »

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