Consolidation brewing in India’s booming food-tech sector

Binu Paul

Bengaluru-based Swiggy and Gurugram-based Zomato, locked in a fierce battle for dominance in the country’s food ordering ....

22 February, 2019

Flipkart co-founder Sachin Bansal invests $92 mn in Ola

Binu Paul

Flipkart co-founder Sachin Bansal has invested Rs 650 crore ($92 million) in ANI Technologies Pvt. Ltd, which operates cab-hailing ....

19 February, 2019
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Ola may invest in car-pooling app sRide; bike rental startup Royal Brothers raises funding

Kavya Kothiyal

ANI Technologies Pvt. Ltd, which operates cab-hailing app Ola, is in talks to invest in Pune-based corporate car-pooling app sRide ....

18 February, 2019

Karnataka transport dept confiscates Ola, Rapido bike taxis in Bengaluru

Binu Paul

The Karnataka transport department has confiscated nearly 200 bike taxis in Bengaluru connected to ride-hailing apps Ola and Rapido, ....

18 February, 2019

Uber posts $50 bn in 2018 bookings but profit remains elusive

Reuters

Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament ....

18 February, 2019

Fleet platforms MoveInSync, Routematic foray into ride-hailing space

Payal Ganguly

Fleet platforms MoveInSync Technology Solutions Pvt. Ltd and Routematic will enter the ride-hailing segment focusing on office-goers ....

14 February, 2019
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Ola in talks to raise funding from Mirae Asset-Naver Asia fund: Report

Kavya Kothiyal

Cab-hailing company Ola is in talks with a joint venture of South Korean companies Mirae Financial Group and Naver Corp to raise ....

11 February, 2019

Ola appoints former Mphasis executive as COO and head of fleet business

Binu Paul

Ride-hailing app Ola has appointed former Mphasis executive Puneet Bhirani as the chief executive of its cab leasing arm Ola Fleet ....

8 February, 2019

Ola raises $16 mn in fresh capital from new US-based investors

Kavya Kothiyal

ANI Technologies Pvt. Ltd, which operates cab-hailing app Ola, has raised Rs 112 crore ($15.6 million) from a clutch of new foreign ....

5 February, 2019

Sustainable innovation, not jugaad, is key to entrepreneurship in India

Priya Kapadia

Every innovative tool or service we use today has been the result of a need felt by the consumer. Regardless of whether it was ....

4 February, 2019
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Ola lost Rs 1.5 for every rupee earned in FY18

Vijayakumar Pitchiah

ANI Technologies Pvt. Ltd, which operates homegrown cab-hailing major Ola, reported a nearly 57% rise in operating revenues and ....

1 February, 2019

Uber starts pilot speedboat service in Mumbai

Kavya Kothiyal

Ride-hailing company Uber Technologies Inc. started a pilot speedboat service in Mumbai on Wednesday as part of its plans to provide ....

30 January, 2019

Foodpanda to focus on cloud kitchens as parent Ola tightens purse strings

Binu Paul

A year after acquiring Foodpanda, ride-hailing unicorn Ola is significantly scaling down expenditure on its food delivery subsidiary ....

28 January, 2019

Bike taxi startup Rapido tanks up with Series A money

Kavya Kothiyal

Bike taxi startup Rapido has raised $10 million (Rs 71 crore) in a Series A funding round led by Hong Kong-based multi-strategy ....

25 January, 2019

Uber India clocks 27% rise in revenue, 40% jump in profit for FY18

Kavya Kothiyal

The India unit of US-based ride-hailing app Uber saw a significant jump in its revenue and profit for the financial year ended ....

22 January, 2019

Ride-hailing firm Ola looks to diversify into NBFC segment

Dearton Thomas Hector

In a diversification move, home-grown cab-hailing major Ola has reportedly applied for a licence to start a non-banking financial ....

21 January, 2019

Bus aggregator Shuttl gets more venture debt from Trifecta Capital

Payal Ganguly

Bus aggregator Shuttl has raised $1.3 million (around Rs 9.2 crore at current exchange rates) in venture debt from Trifecta Capital, ....

18 January, 2019

Scooter-sharing startup Vogo raises fresh funding at $50 mn valuation

Vijayakumar Pitchiah

Chennai-based Vogo Automotive Pvt. Ltd, which operates an eponymous scooter-sharing platform, has raised Rs 63 crore ($8.9 million ....

15 January, 2019

Cab aggregator Ola gets fat cheque from Flipkart co-founder Sachin Bansal

Vijayakumar Pitchiah

Flipkart co-founder Sachin Bansal has invested Rs 149.99 crore ($21.18 million) in ANI Technologies Pvt. Ltd, which operates homegrown ....

14 January, 2019

Ola’s long-serving exec and interim COO quits company

Vijayakumar Pitchiah

Ola old-timer and interim chief operations officer (COO) Pallav Singh has quit the company after serving almost seven years, The ....

14 January, 2019

Exclusive: Ola gets $74 mn from Steadview Capital, valuation jumps

Vijayakumar Pitchiah

ANI Technologies Pvt. Ltd, which operates cab-hailing app Ola, has raised Rs 520.79 crore ($73.97 million) in a fresh funding ....

10 January, 2019