olacabs

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...

The Mounting Losses Of Ola Could Soon Make The Mega-Merger A Reality

Ola, already in a bruising battle for market leadership in the Indian market against American rival Uber, has registered a loss as high as Rs. 4,897.8 Crore in FY16-17. This loss has been widening its gap irrespective of the...

Can Ola Cabs Win The Price War With Fresh Funding Of $500 Million ?

Indian taxi aggregator, Ola Cabs, who is backed by SoftBank among others, is in talks with Russian Billionaire Yuri Milner’s investment firm DST Global to rope in an investment of $400-$500 million at a valuation of $2.5 billion, according to The Times Of...

Latest News

Bitcoin Hits Record $1.2 Trillion Market Cap: Much Faster Than All Top Tech Giants

Fueled by consumers' rising interest in cryptocurrencies and institutional buyers, bitcoin has touched an all-time high value of a...