Ola
Consolidation brewing in India’s booming food-tech sector
Bengaluru-based Swiggy and Gurugram-based Zomato, locked in a fierce battle for dominance in the country’s food ordering ....
Flipkart co-founder Sachin Bansal invests $92 mn in Ola
Flipkart co-founder Sachin Bansal has invested Rs 650 crore ($92 million) in ANI Technologies Pvt. Ltd, which operates cab-hailing ....
Ola may invest in car-pooling app sRide; bike rental startup Royal Brothers raises funding
ANI Technologies Pvt. Ltd, which operates cab-hailing app Ola, is in talks to invest in Pune-based corporate car-pooling app sRide ....
Karnataka transport dept confiscates Ola, Rapido bike taxis in Bengaluru
The Karnataka transport department has confiscated nearly 200 bike taxis in Bengaluru connected to ride-hailing apps Ola and Rapido, ....
Uber posts $50 bn in 2018 bookings but profit remains elusive
Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament ....
Fleet platforms MoveInSync, Routematic foray into ride-hailing space
Fleet platforms MoveInSync Technology Solutions Pvt. Ltd and Routematic will enter the ride-hailing segment focusing on office-goers ....
Ola in talks to raise funding from Mirae Asset-Naver Asia fund: Report
Cab-hailing company Ola is in talks with a joint venture of South Korean companies Mirae Financial Group and Naver Corp to raise ....
Ola appoints former Mphasis executive as COO and head of fleet business
Ride-hailing app Ola has appointed former Mphasis executive Puneet Bhirani as the chief executive of its cab leasing arm Ola Fleet ....
Ola raises $16 mn in fresh capital from new US-based investors
ANI Technologies Pvt. Ltd, which operates cab-hailing app Ola, has raised Rs 112 crore ($15.6 million) from a clutch of new foreign ....
Sustainable innovation, not jugaad, is key to entrepreneurship in India
Every innovative tool or service we use today has been the result of a need felt by the consumer. Regardless of whether it was ....
Ola lost Rs 1.5 for every rupee earned in FY18
ANI Technologies Pvt. Ltd, which operates homegrown cab-hailing major Ola, reported a nearly 57% rise in operating revenues and ....
Uber starts pilot speedboat service in Mumbai
Ride-hailing company Uber Technologies Inc. started a pilot speedboat service in Mumbai on Wednesday as part of its plans to provide ....
Foodpanda to focus on cloud kitchens as parent Ola tightens purse strings
A year after acquiring Foodpanda, ride-hailing unicorn Ola is significantly scaling down expenditure on its food delivery subsidiary ....
Bike taxi startup Rapido tanks up with Series A money
Bike taxi startup Rapido has raised $10 million (Rs 71 crore) in a Series A funding round led by Hong Kong-based multi-strategy ....
Uber India clocks 27% rise in revenue, 40% jump in profit for FY18
The India unit of US-based ride-hailing app Uber saw a significant jump in its revenue and profit for the financial year ended ....
Ride-hailing firm Ola looks to diversify into NBFC segment
In a diversification move, home-grown cab-hailing major Ola has reportedly applied for a licence to start a non-banking financial ....
Bus aggregator Shuttl gets more venture debt from Trifecta Capital
Bus aggregator Shuttl has raised $1.3 million (around Rs 9.2 crore at current exchange rates) in venture debt from Trifecta Capital, ....
Scooter-sharing startup Vogo raises fresh funding at $50 mn valuation
Chennai-based Vogo Automotive Pvt. Ltd, which operates an eponymous scooter-sharing platform, has raised Rs 63 crore ($8.9 million ....
Cab aggregator Ola gets fat cheque from Flipkart co-founder Sachin Bansal
Flipkart co-founder Sachin Bansal has invested Rs 149.99 crore ($21.18 million) in ANI Technologies Pvt. Ltd, which operates homegrown ....
Ola’s long-serving exec and interim COO quits company
Ola old-timer and interim chief operations officer (COO) Pallav Singh has quit the company after serving almost seven years, The ....
Exclusive: Ola gets $74 mn from Steadview Capital, valuation jumps
ANI Technologies Pvt. Ltd, which operates cab-hailing app Ola, has raised Rs 520.79 crore ($73.97 million) in a fresh funding ....