ANI Technologies Pvt Ltd

Ola lost Rs 4 for every rupee earned in revenue for FY17

Dearton Thomas Hector

Homegrown cab aggregator Ola more than doubled its revenue in the year through March 2017 but reported a wider loss as it continued ....

13 June, 2018

Ola Fleet revs up FY17 revenue nearly 18 times

Dearton Thomas Hector

Ola Fleet Technologies Pvt. Ltd, the cab-leasing arm of Ola, posted a steep rise in revenue for the financial year 2016-17 but ....

4 June, 2018
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Ola puts in another $7.68 mn into cab-leasing arm

Vijayakumar Pitchiah

Taxi aggregator Ola, operated by ANI Technologies Pvt. Ltd, has made a fresh infusion of Rs 50 crore ($7.68 million) ....

28 February, 2018

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

Binu Paul

The exodus of key personnel at cab-hailing firm Ola shows no signs of stopping, with another top-level resignation coming to ....

13 February, 2017

Ola CFO Rajiv Bansal, CMO Sarup resign

Dearton Thomas Hector

Cab-hailing service Ola's chief financial officer (CFO) Rajiv Bansal and chief marketing officer (CMO) Raghuvesh Sarup have quit ....

9 February, 2017

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

Deepti Chaudhary

Japanese telecom and Internet giant SoftBank Group Corp has reported a valuation loss of ¥39.3 billon (nearly $350 million) from ....

8 February, 2017
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SoftBank COO Jonathan Bullock quits Snapdeal, Ola boards

Arti Singh

SoftBank Group COO and managing director Jonathan Bullock has resigned from the boards of its two biggest investee companies ....

6 February, 2017

Vanguard slashes Ola's valuation by 41%

Binu Paul

A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in ANI Technologies Pvt ....

3 February, 2017

Exclusive: Ola in the midst of top level churn

Manu P Toms

Homegrown cab-hailing operator Ola is likely to witness two top-level exits soon. According to multiple people aware of the development, ....

1 February, 2017

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

Binu Paul

US-based Uber Technologies Inc's India subsidiary Uber India Technologies Pvt. Ltd has obtained a restraining order from the Karnataka ....

27 February, 2017
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Ola raises $330 mn in fresh round led by SoftBank: Report

Dearton Thomas Hector

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

27 February, 2017

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

Dearton Thomas Hector

Ride-hailing companies Uber and Ola carried out approximately 500 million rides in 2016, according to a report by RedSeer Management ....

17 February, 2017

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

Binu Paul

The Karnataka transport department has instructed cab aggregators Ola and Uber to halt their ride-sharing services Ola Share ....

31 January, 2017

Ola, Uber set for another policy battle as Karnataka says ride-sharing illegal

Binu Paul

A senior Karnataka government official has termed as illegal the ride-sharing services that Ola and Uber offer to consumers, imposing ....

27 January, 2017

Ola names Pepsi veteran Vishal Kaul COO

Manu P Toms

Cab-hailing service Ola said on Monday it has appointed Vishal Kaul as chief operating officer in place of Pranay Jivrajka, who ....

23 January, 2017

Uber appoints Pradeep Parameswaran as head of central operations

Varun Arora

San Francisco-based ride-hailing company Uber Technologies Inc. has hired former DEN Networks chief executive Pradeep Parameswaran ....

24 January, 2017

Exclusive: Ola's head of luxury cab business quits

Manu P Toms

It turns out that Ola's head of new initiatives Sundeep Sahni's wasn't the only senior-level exit from the company last week. ....

2 January, 2017

Flashback 2016: Uber sharpens focus on India after losing China battle

Dearton Thomas Hector

Mid-way through the year, something unexpected happened with Uber "the largest startup in terms of valuation. It gave up in the ....

30 December, 2016

Flashback 2016: Year of wobbly ride for Ola

Binu Paul

Homegrown cab-hailing firm Ola was in the news for more wrong reasons than right in 2016, from drying coffers and falling valuations ....

28 December, 2016

Uber drivers in US join protest for minimum wage

Dearton Thomas Hector

US-based cab-hailing service firm Uber Technologies Inc is facing a backlash from its driver partners in its home country. Drivers ....

29 November, 2016

Meru Cabs CEO Siddhartha Pahwa resigns, mulls starting up

Binu Paul

Meru Cabs CEO Siddhartha Pahwa has resigned from the Mumbai-based radio taxi firm and will be replaced by CTO Nilesh Sangoi from ....

29 November, 2016