Ola raises Rs 670 crore from Ratan Tata-backed fundWhile UC-RNT Fund has pumped in Rs 267.99 cr, another Rs 402 cr has been infused by FO Mauritius I Ltd, according to a regulatory filing by...
Ola raises Rs 1,675 crore in fresh funding from SoftBankThe financing is Ola’s so called ‘down round’ where a company raises money from investors at a valuation lower than its previous round of f...
RNT Capital, Falcon Edge Capital set to invest $100 mn in OlaRNT Capital is expected to lead the round with an investment of $60 mn with the rest coming from New York-based hedge fund Falcon Edge Capi...
Ola, Uber raise fares in top cities, reduce driver incentives"Subsidies won't last forever, and customers need to slowly get used to it. This is a step in that direction," said a person briefed on Ube...
Ola, Uber raising fares by up to 100% for long-distance rides in Delhi"The change aims at ensuring you get a ride when you need one by justifying economics for our driver-partners," Uber said.
Ola drivers band with CITU to push for better payment systemsCITU leader Anbalagan spoke to cab drivers. He said:" We need to protest together. This problem s not just an Ola problem. Its larger than ...
Ola looks to double fleet size with new platform Ola Operator for driversOla today introduced 'Ola Operator'- a mobile platform to help its drivers graduate to operators - and expects that the initiative would do...
Nearly 100 Ola drivers protest at the company's Chennai officeOne driver partner, wishing to remain anonymous, said: "We have placed 20 requests to Ola. Basically, we do not want star rating," which is...
Don't buy a car, just share an Ola or Uber cab, it makes more senseCar pooling or sharing cabs saves you from the cost of purchasing a car, maintenance and insurance, and yes, that hefty parking bill.
Ola takes 'Micro' service to 75 cities in India, claims edge over UberThe new cities added now include Patna, Aligarh, Amravati, Guntur, Jhansi, Mathura, Rourkela, Thanjavur, Ujjain, Hubli, Rajahmundry, Rajkot...
Taxi firms like Fast Track ,NTL Call Taxi not to engage in pricing war with Uber and OlaLocal players have kept off this fight, betting instead on realisable targets such as improving reputation among customers and focusing on ...
Cab war intensifies: Ola, Uber zip into non-metros for leadOla announced expansion of its low-cost 'Micro' service to non-metros like Ajmer, Udaipur and Nagpur, while rival Uber slashed fares.
With new services, Uber and Ola target value-conscious consumers"We want to make transportation available for everyone and cabs may not always be the most affordable option for all segments," said Amit J...
Budget Ola rides in six more cities to keep its market leadership position against rival UberRide-hailing app Ola has launched its low-cost cab category in six smaller towns and cities, as it looks to keep its market leadership posi...
Ola turns 'Micro' for taking on Uber in IndiaOla claims it holds 75 per cent of the Indian app-based taxi-hailing market, with over 3.5 lakh driver partners on its platform across the ...
Ola to go for business restructuring to step-up focus on core-taxi serviceThe company, which shut Ola Cafe and Ola Store earlier in March, may have to lay off a few employees, especially in these categories as par...
Google to show Ola, Uber cabs information on MapsIf the user has the app of Ola and Uber installed, they will also be able to see fare estimates and pick up time and if a car is available ...