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Ola cabs News
Flipkart co-founder Sachin Bansal invests Rs 650 cr in Ola cabs
Tue, Feb 19, 2019
The investment is part of Ola's plans to raise about USD 1 billion in funding. In October last year, the Bengaluru-based company had announced raising USD 1.1 billion funding from China's Tencent Holdings and SoftBank Group.
Ola becomes India's largest private micro-insurance platform
Thu, Feb 07, 2019
Cab-hailing app Ola Thursday said it sold over two crore in-trip micro-insurance policies every month since its launch. The insurance is offered in the price range of Re 1-Rs 49.
Ola losses narrow to Rs 2,842 cr for FY18; revenue zooms 61%
Fri, Feb 01, 2019
According to the documents filed with the Corporate Affairs Ministry, Ola narrowed its standalone losses significantly to Rs 2,676.7 crore, while revenues were up 44.6 per cent to Rs 1,860.6 crore in FY2018 compared to the previous financial year.
Ola cabs empowers riders, starts ride now -pay later service with 15-day credit line
Fri, Jan 18, 2019
Ride-sharing platform Ola on Thursday said its credit payment feature, Ola Money Postpaid, which offers a 15-day credit line to passengers, would soon be available to all the Ola app users.
Ola jobs in Gurgaon, Chandigarh and other cities: Over 3500 opportunities up for grabs - What jobs seekers need to know
Thu, Jan 10, 2019
The company is organising a 3 day “Ola Bike Maha Rozgar Mela” in Gurugram to create employment opportunities for the youth of Haryana. This unique event is aligned with the Govt. of Haryana’s visionary program ‘Saksham Saarthi’, aimed at enabling improved livelihood opportunities for the youth of Haryana.
Uber, Ola to solve your Delhi Metro problems; here is how you will benefit
Thu, Dec 27, 2018
A pilot service on booking cars through two major cab aggregators at Delhi Metro stations was launched Wednesday, seeking to further boost last-mile connectivity for commuters.
Ads on Ola, Uber cabs likely to be cheaper in Delhi soon
Wed, Dec 26, 2018
Under the new policy, ad rates will be decided on cabs numbering over 400-500 cars at one go, and it would be cheaper in comparison to common rates, the report said citing official sources.
Start-up India success: These start-ups got rich, valued over Rs 7000 crore in 2018
Tue, Dec 25, 2018
The start-ups joining the select club for their valuation over $1 billion are Oyo Rooms, Zomato and Swiggy, Udaan, Byju`s, Paytm mall, Freshworks and Policybazaar.
SBI Account Holders Alert! State Bank of India now offers up to Rs 200 off on Ola ride; here's how to avail it
Tue, Nov 06, 2018
The State Bank of India has announced three discount offers on Ola rides. The offer has come just before Diwali and is applicable on even Ola Outstation Ride.
Ola, Uber cabs drivers on strike; will they get travellers to pay more? Here is what is on the cards
Thu, Oct 25, 2018
Notably, Mumbai has about 50,000 app-based cabs. Over 80 per cent of Ola-Uber cabs are off-road even as the strike is likely to continue today.
Soon, Ola, Uber drivers cannot do this to Delhi residents and go scot-free
Sat, Sep 29, 2018
A panel led by PWD Minister Satyendra Jain is deliberating on the draft Licencing and Regulation of App-based Aggregators Rules, 2017.
Indian cab aggregator Ola to launch in New Zealand
Tue, Sep 18, 2018
Indian ride-sharing major Ola on Tuesday said it will soon launch its services in New Zealand starting with Auckland, Christchurch and Wellington.
Ola Cabs may receive $2 billion in fresh round of funding from SoftBank, Tencent
Tue, Oct 03, 2017
Once this round of funding goes through it is expected to help Ola go up against global giant Uber.
India has highest number of unicorn start-ups outside the US
Mon, Sep 25, 2017
India currently has 9 unicorn start-up firms including Flipkart, Hike, InMobi, Ola Cabs, Paytm, ReNew Power Ventures, ShopClues, Snapdeal and Zomato.
Bengaluru, Delhi, Mumbai start-ups received nearly 80% of funding deals in last 5 years
Wed, Aug 23, 2017
Bengaluru and Delhi start-ups received most of the funding during the last 5 years, with a majority of the start-up unicorns in these cities.
This company is the most active investor in Indian technology space
Fri, Jul 14, 2017
The most active investor in India is a Mumbai-based company that was a former startup and has invested in 76 different companies.
Govt considers use of private cars for ridesharing taxis to curb traffic
Wed, Jul 05, 2017
The government is mulling over whether to allow private vehicles to be used as shared taxis in order to reduce the car ownership and congestions in cities in India.
SoftBank writes off Rs 6,400 crore from its Snapdeal investment
Wed, May 10, 2017
SoftBank said that it has written off over $1 billion (Rs 6400 crore) on valuation of its investment in Snapdeal.
Ola's losses widens by about 3 times since previous year
Sun, Apr 30, 2017
Ola has seen its losses widen about three times from Rs 796.11 crore in 2014-15
Ola Cabs, Instacart, Airbnb accounted for 74% of funding in on-demand start-ups in Q1
Sat, Apr 22, 2017
The on-demand sector raised approximately $1.6 billion over 50 deals in Q1 2017.