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Posts Tagged ‘ Bhavish Aggarwal ’

Ola, Uber hike fares, slash driver incentives

Tuesday, October 18, 2016 | More »

In their bid to cut costs and attain profitability in the long run, cab aggregators Uber and Ola are raising fares in major cities and reducing driver incentives. San Francisco-headquartered Uber Technologies Inc has increased taxi fares for long distance rides in Delhi-NCR, Kolkata, Bhubaneswar, Gu...


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 »


Kunal Bahl, Rohit Bansal highest paid among Indian unicorn executives

Their corporate babies may have scaled the milestone of $1 billion valuation but founders of most tech ‘unicorns’ in India are modestly paid folks. However, thanks to some generous stock options, a few founders have made it to the list of the highest-paid executives in the country. TechCircle pi...

24 August, 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 »


What Ola can learn from Didi Chuxing on its battle against Uber

Chinese cab-hailing firm Didi Chuxing, the main local competitor for Uber Technologies Ltd in China, has just raised an incredible $7.3 billion in fresh financing. The latest round brings DidiChuxing’s war chest to about $10.5 billion, against the $11.5 billion on Uber’s balance sheet. Q...

20 June, 2016 | More »


Electric bike startup Tork raises funding from Ola co-founders, others

Tork Motorcycles, which claims to be building country’s first electric motorcycle, has raised an undisclosed amount in an angel round of funding from a group of investors led by Bhavish Aggarwal and Ankit Bhati, co-founders of cab aggregator Ola Cabs. A group of angels led by CoCubes CEO Harpreet ...

18 April, 2016 | More »


Budget 2016: A faithful follow-up to Startup India Action Plan, say techpreneurs

The Union Budget 2016 remained faithful to the Startup India Action Plan announced by Prime Minister Narendra Modi last month. From the three-year tax holiday to easing up on capital gain tax, the Budget document merely lent a touch of official sanction to the key proposals to the Startup India Acti...

29 February, 2016 | More »

Bhavish Aggarwal

We are now bigger in India than Uber in its home country US: Ola CEO Bhavish Aggarwal

Online cab booking service Ola run by Mumbai-based ANI Technologies Pvt Ltd, has acquired Bangalore-based Serendipity Infolabs Pvt Ltd, which runs smaller rival TaxiForSure for $200 million (Rs 1,240 crore) in a cash and stock deal in a major consolidation in the organised cab business in India. T...

2 March, 2015 | More »

Mobile commerce is an unexplored category with a huge potential, say experts

Many e-commerce companies claim that mobile accounts for over 40 per cent of their total traffic and is growing at a fast rate. At the recently concluded Techcircle Startup 2014 event, eminent panellists discussed the opportunities in the mobile commerce in India. The panel, which was moderated by M...

11 April, 2014 | More »


Excl: Olacabs close to raising $10M, has already received 3 term sheets from investors

Mumbai-based ANI Technologies Pvt Ltd, which runs an online marketplace for cabs and car rental services under the brand Olacabs, is close to raising $10 million in Series B funding. The startup has already received three term sheets from investors and the deal should close in three-four weeks, sour...

3 July, 2013 | More »

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