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Two Chinese investors pump $50 mn into cab aggregator Ola

TMT

18 September, 2018

Two Chinese investors pump $50 mn into cab aggregator Ola

Cab-hailing app Ola, run by ANI Technologies Pvt. Ltd, has raised $50 million (around Rs 360 crore) from two new ......

Ola may tie up with Assam govt for river taxi service

TMT

29 January, 2018

Ola may tie up with Assam govt for river taxi service

Homegrown taxi aggregator Ola is likely to sign a memorandum of understanding with the Assam government to run a river ......

Ola appoints PayU India co-founder Nitin Gupta as head of Ola Money

People

08 December, 2017

Ola appoints PayU India co-founder Nitin Gupta as head of Ola Money

Bangalore-based ANI Technologies Pvt. Ltd, which owns cab-hailing app Ola, has appointed Nitin Gupta, co-founder and former chief executive of ......

Ola hires former Flipkart exec Saikiran Krishnamurthy as senior vice-president

People

19 September, 2017

Ola hires former Flipkart exec Saikiran Krishnamurthy as senior vice-president

Homegrown cab hailing startup Ola has appointed former Flipkart executive Saikiran Krishnamurthy as its senior vice-president, a financial daily reported.Krishnamurthy, ......

Vanguard hikes Flipkart valuation by 64%, Ola 14%

TMT

31 July, 2017

Vanguard hikes Flipkart valuation by 64%, Ola 14%

A mutual fund managed by US-based investment firm Vanguard Group has marked up the value of its stake in two ......

CCI rejects Meru's predatory pricing allegations against Ola

TMT

20 July, 2017

CCI rejects Meru's predatory pricing allegations against Ola

The Competition Commission of India (CCI) has dismissed allegations of predatory pricing against cab aggregator Ola by two Bengaluru-based radio ......

Ola's senior director of operations Deep Singh resigns

People

18 July, 2017

Ola's senior director of operations Deep Singh resigns

Deep SinghDeep Singh, senior director of operations at cab-hailing firm Ola, has resigned citing personal reasons, two persons with ......

Ola investor SoftBank may buy stake in Uber

TMT

15 July, 2017

Ola investor SoftBank may buy stake in Uber

Cab-hailing firm Uber Technologies Inc.’s shareholders and board have discussed selling a stake to SoftBank Group Corp and other potential ......

Ola lost Rs 5 for each rupee earned in FY16

TMT

01 May, 2017

Ola lost Rs 5 for each rupee earned in FY16

Cab-hailing firm Ola reported a three-fold rise in losses for the year through March 2016 as it spent heavily to ......

Ola seeks to raise another $100 mn from existing investors

TMT

21 April, 2017

Ola seeks to raise another $100 mn from existing investors

Cab-hailing aggregator Ola, which is operated by ANI Technologies Pvt. Ltd, is looking to raise another $100 million (Rs 646 ......