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OLA CABS LOSS
Ola Consumer turns free cash flow positive in H2 FY26 post biz rejigIndia's oldest cab aggregator, Ola Consumer, has achieved free cash flow positivity in the second half of FY26, marking a significant turna...- Ola Consumer's FY25 revenue drops 42%, losses widen, as company begins prep for IPOOla Consumer is moving ahead with its IPO plans. However, its recent financial reports show a significant drop in revenue and a doubling of...
- From setbacks to second wind, what next for Ola and Bhavish Aggarwal?Ola Electric is struggling to revive its position after a sharp fall in market share, financial stress and operational challenges. Founder ...
- Ola Electric eyes leaner road to profitability, to cut 400-500 rolesOla Electric, eyeing an IPO, is reportedly trimming its workforce by 400-500 employees to streamline operations. This number may change as ...
- Ola CFO Kartik Gupta steps down two weeks after CEO exitKartik Gupta, Ola's CFO since November 2023, is stepping down just two weeks after chief executive Hemant Bakshi left the firm.
- Ola Cabs brings back Ankush Aggarwal to its ride-hailing bizAmid top-level changes at Ola Cabs, founder Bhavish Aggarwal’s brother Ankush Aggarwal has returned to the ride hailing business after a st...
- Ola Cabs CEO Hemant Bakshi resigns; company to layoff 200 employeesOla Cabs' CEO Bakshi leaves. This comes as the firm is preparing to file draft listing papers in the next three months.
- Ola plans $500 million IPO, to appoint banks soonSoftBank-backed Ola is India's answer to Uber and plans to file papers for approval with the country's market regulator within three months...
- Ola Cabs to exit international markets this monthOla Cabs to exit UK, Australia, New Zealand. The firm has started sending out notifications to users and drivers about the impending closur...
- Ola Cabs Ebitda profitable; electrification, premiumisation the future: new CEO BakshiAt an ebitda level, the standalone ride-hailing business earned Rs 250 crore in FY23, Bakshi said, against an ebitda-level loss of Rs 66 cr...
- Rapido posts wider FY23 loss, threefold growth in revenueRapido competes with the likes of Ola, Uber, Blusmart, Indrive, Shoffr and Namma Yatri in the Indian ride-hailing space. In FY23, Ola Cabs'...
- Ola sees FY23 loss narrow by 65% to Rs 1,082 croreOLA FY23 Revenue: ANI Technologies also houses Ola’s subsidiaries including Ola Financial, Ola Fleet and Ola Stores. On a consolidated basi...
- Ola revenue doubles in FY22, but losses widen 36% to Rs 1,522 croreANI Technologies, the parent firm of ride-hailing startup Ola, reported consolidated revenue more than doubling to Rs 1,970.4 crore from th...
- Ola revenue up 70% to Rs 1,286 cr in FY17The turnover includes revenue from subsidiaries Ola Fleet Technologies, Ola Electric Mobility, Ola Skilling and Zipcash Card Services.
- Ola to offer in-trip insurance to ridersOla has partnered with Acko General Insurance and ICICI Lombard General Insurance to launch the program across over 110 cities in the count...
- Ola Cabs booked by Bengaluru police for music copyright issueA copyright infringement case has been filed against Ola CEO Bhavish Aggarwal and chief technical officer Ankit Bhati on a complaint by Lah...
- Ola's revenue surges seven-fold, but loss widens to Rs 2,313.66 crore in FY16"Advertising, initial driver incentives, strikes in major cities and customer discounts are some of the contributory aspects to the losses ...
- Radio taxi association writes to government on rules 'violation' by Uber, OlaThe letter states that Ola and Uber’s business model is in “gross violations of the foreign direct investment guidelines on marketplace mod...
- On ground, surge pricing falls flat for Uber & Ola as there are more cabs than passengersUber and Ola say surge pricing seeks to create a balance between demand for cabs and supply. Drivers say when prices surge, customers don’t...
- Taxi companies like Olacabs, Uber cut fares in Delhi, others may followAccording to industry estimates, taxi companies are struggling to keep pace with rising demand & on average cannot accommodate a fifth of b...
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