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Posts Tagged ‘ ANI Technologies Pvt Ltd ’

Ola raises $330 mn in fresh round led by SoftBank: Report

Monday, February 27, 2017 | More »

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Bengaluru-based cab-hailing firm Ola, run by ANI Technologies Pvt. Ltd, has raised $330 million (Rs 2,200 crore) in fresh funding led by existing inve...

K'taka HC bars protestors from stopping Uber cabs; strike may spread to Mumbai

K’taka HC bars protestors from stopping Uber cabs; strike may spread to Mumbai

US-based Uber Technologies Inc’s India subsidiary Uber India Technologies Pvt. Ltd has obtained a restraining order from the Karnataka High Court that bars protesters, including union leaders and members, from blocking and stopping the company’s cabs. “The Hon’ble Karnataka High ...

27 February, 2017 | More »

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Uber, Ola clock half a billion rides in 2016, says RedSeer

Ride-hailing companies Uber and Ola carried out approximately 500 million rides in 2016, according to a report by RedSeer Management Consulting, a Bangalore-based consultancy firm. The number of rides by ANI Technologies Pvt Ltd-backed Ola, and US-based Uber Technologies Inc’s India subsidiary Ube...

17 February, 2017 | More »

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Top-level exits continue at Ola as another senior exec quits

The exodus of key personnel at cab-hailing firm Ola shows no signs of stopping, with another top-level resignation coming to the fore. Chief operating officer of offline initiatives, Anuj Bhargava, who was instrumental to some of Ola’s recent initiatives like Ola Play, has resigned, a company spok...

13 February, 2017 | More »

Rajiv Bansal

Ola CFO Rajiv Bansal, CMO Sarup resign

Cab-hailing service Ola’s chief financial officer (CFO) Rajiv Bansal and chief marketing officer (CMO) Raghuvesh Sarup have quit the company, a person directly aware of the development told Techcircle. The person also said that Pallav Singh, senior vice president and one of Ola’s earlies...

9 February, 2017 | More »

Yen-fall

Weaker yen helps SoftBank pare valuation loss from Snapdeal, Ola investments

Japanese telecom and Internet giant SoftBank Group Corp has reported a valuation loss of ¥39.3 billon (nearly $350 million) from its financial instruments for the nine-month period ended December 31, 2016, largely due to a decline in fair value of preferred stock investment, primarily in India. The...

8 February, 2017 | More »

Jonathan Bullock

SoftBank COO Jonathan Bullock quits Snapdeal, Ola boards

SoftBank Group COO and managing director Jonathan Bullock has resigned from the boards of its two biggest investee companies in India, Snapdeal and Ola, a statement from the Japanese telecom and Internet conglomerate confirmed on Monday. Mint had reported, citing a regulatory filing, that apart from...

6 February, 2017 | More »

Ola

Vanguard slashes Ola’s valuation by 41%

A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in ANI Technologies Pvt Ltd, which operates cab-hailing app Ola, by 41%. This brings down Ola’s valuation to an estimated $3 billion compared with its peak valuation of $5 billion between April ...

3 February, 2017 | More »

Ola

Exclusive: Ola in the midst of top level churn

Homegrown cab-hailing operator Ola is likely to witness two top-level exits soon. According to multiple people aware of the development, Ola’s chief marketing officer (CMO) Raghuvesh Sarup and chief financial officer (CFO) Rajiv Bansal may leave the company. When Techcircle reached out to Ola ...

1 February, 2017 | More »

Ola, Uber

Karnataka government asks Ola, Uber to stop ride-sharing services from Friday

The Karnataka transport department has instructed cab aggregators Ola and Uber to halt their ride-sharing services Ola Share and UberPOOL before Friday, terming them illegal. Following a two-hour-long meeting on Monday with officials from Ola and Uber as well as driver representatives, state transpo...

31 January, 2017 | More »

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