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Ola Scooter Launch: Mark August 15 As A Big Day!

The launch of Ola Scooter would be commenced on August 15 - the independence day of India. Bhavish Aggarwal, Co-founder & CEO of ANI Technologies, the company which owns Ola, has hinted that preparation to launch Ola's first electric...

Ola IPO: No Earlier Than FY23 To Make The Most of Electric Vehicle Hype

Excited by the historic response to Zomato IPO, many other Indian startup unicorns have started gearing up for IPO. And the latest name, many wanted to hear, is ANI Technologies, the company doing business as Ola. According to few people Dazeinfo...

Ola’s Valuation Cut To Half Prior To Its EV-Market Pivot!

The valuation of Ola, the app-based ride-hailing startup unicorn, has been brutally slashed into half prior to its pivot into EV mobility market space! A recent media report found that the U.S-based investment firm Vanguard Group, one of the first...

Devised to Disrupt: Ola’s $2 Billion Game Plan to Take the EV Market in India By Storm

It has already made a name for itself in the ride-hailing sphere in India. Ola’s next aim – to power charge the country towards an electric mobile future. And boy, does it have the stratagem to back that claim! Tucked away...

Uber and Ola In Hot Water: India Authorities Launch Fresh Probe!

The Directorate General of Goods and Services Tax Intelligence (DGGI) sent a summons to Uber and Ola officials on Monday regarding tax evasion allegations against the two companies, Business Standard has reported. The investigation will look into alleged tax evasions...

Uber, Ola Surge Pricing: SC Says All Is Well

While the Indian Government is busy introducing rules to further tighten the noose around cab aggregators. Uber and Ola, in a recent court victory, had a momentary sigh of relief. On Tuesday, Supreme Court, the country’s topmost judiciary body, ruled...

End Of Free Ride For Ola And Uber: GOI Sets New Rules For Cab Aggregators!

For long Ola and Uber have been enjoying the free ride on charging surge price from customers and paying low commission to drivers. Looks like that has finally come to an end! The Indian Government’s new rules for cab aggregators...

Ola To Foray Into Vehicle Manufacturing: Plans To Setup World’s Largest e-Scooter Manufacturing Facility

India's largest taxi-aggregator Ola is planning to jump into the business of vehicle manufacturing, keeping an eye on the future prospects of electric vehicles. The company has reportedly engaged the government of multiple states with a proposal of setting...

No More Shared Rides By Ola And Uber: Suspended Until The Further Notice

India, as a whole, is being encouraged to take up social distancing in the wake of the Covid-19 outbreak to slow down its spread. The biggest ride-hailing giants operating in India Ola and Uber are now pitching in to...

Ahead of IPO Launch, Ola Restructuring Business, Narrows Losses

As the much talked and anticipated IPO of Ola seems to be on the cards, the domestic unicorn OLA is reportedly taking measures to restructure its business model. The aim of this reorganization is to increase profits in order to...

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CRED Valuation Soars To $4 Billion As It Raises $251 Million

The fast-growing Credit card payments company CRED has concluded a $251 million financing round and has boosted its value...