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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 fact that the revenue of Ola grew 70% during the fiscal year 2016-17 as compared to FY 2015-16, according to...

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

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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 India (TOI). Milner already has a personal investment in Ola Cabs, as reported by TOI a year back. The terms...

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