Page 15 - Ola

Top headlines: Delhi HC gives 2 weeks to CCI; Ola rejigs leadership team

Business Standard brings you the top stories from today

Ola begins pilot of quick grocery delivery service in Bengaluru: Report

Ride-hailing platform Ola has started piloting a quick delivery service for items like grocery, personal care in Bengaluru, making a foray into the quick commerce sector, according to sources.

Ola Cars sells over 1,000 cars over the weekend leading up to Dhanteras

As part of festive offer, Ola said customers can avail of discounts of up to Rs 1 lakh, as well as several industry-first offers like free servicing for up to 2 years, 12-month warranty

Ola posts first-ever operating profit of Rs 90 cr in FY21 amid pandemic

This, even as revenues declined 65% to Rs 690 cr amid Covid-19 lockdowns

Softbank-backed Ola unveils first operating profit ahead of potential IPO

Ola, which has a majority share of India's ride-hailing market, where it competes with Uber Technologies, has a growing presence in several global markets such as Australia and Britain

Ola to hire 10,000 people for its used car platform, eyes $2-bn GMV

Over the next two months, Ola Cars will be operational in 30 cities and expand to 100 cities by next year

Ola to take final payment for e-scooter S1's booked units after test drives

There have been complaints from customers who booked the company's electric scooters about lack of clarity of test drive and delivery schedules after making payments.

SoftBank-backed Ola's COO and CFO to exit firm amid its plans to go public

Source says departures driven by loads of pressure from the top, pandemic impact on ride-hailing business and plenty of resources going to Ola Electric

Top headlines: IPO-bound Ola to see top-level exits; CRED valued at $4 bn

Moody's upgrades outlook on Indian banking from 'negative' to 'stable'

Ahead of IPO, Ola's COO and CFO to exit the company

Swayam Saurabh and Gaurav Porwal are leaving the company, according to an internal memo seen by Reuters

Indian startup funding crosses $10 bn in Q3, first time in any quarter: PwC

The fund raise was twice the amount of funding received in Q3CY20 and an increase of 41% over the Q2CY21 figure

Ola launches vehicle buying platform Ola Cars, names Arun Sirdeshmukh CEO

Service will compete with Droom, CarDekho, Cars24, Spinny, Carwale and CarTrade. Ola Cars will begin with pre-owned and then include new vehicles from Ola Electric and other auto brands

Ola unveils 'Ola Cars' for vehicle buying, appoints Arun Sirdeshmukh as CEO

Ola Cars will offer a bouquet of services to customers, beginning with purchase, vehicle finance and insurance, registration, maintenance, including vehicle health diagnostics and service

Ola acquires GeoSpoc to build next-gen location tech for undisclosed sum

GeoSpoc co-founder Dhruva Rajan and his team of Geospatial scientists and engineers will be joining Ola

Ola acquires GeoSpoc to build next-generation location technology

Ola has acquired geospatial services provider GeoSpoc, a move that will help the ride-hailing platform develop technologies to make mobility accessible and convenient

Ola acquires geospatial provider GeoSpoc to build new mobility maps

Cab-hailing platform Ola on Tuesday said it has acquired GeoSpoc, a leading provider of geospatial services in the country, for an undisclosed sum

Our doors are wide open for EV players like Tesla: Tamil Nadu minister

Thangam Thennarasu, who holds the industries portfolio, says his state could see Rs 35 trillion in investment by 2030 and projects worth Rs 20,000 crore have come since the new govt took charge

Fundraise of $200 mn triples Ola Electric valuation to $3 billion

In July 2019, Ola Electric raised $250 mn from SoftBank, when it was just a two-year-old firm. The investment made the fledgeling venture a unicorn

E-scooters, drones, flying cars: Ola CEO Bhavish Aggarwal's mobility vision

Ola's Futurefactory, world's largest 2-wheeler unit is building the first in the firm's range of scooters--the Ola S1; firm will soon expand EV range with more scooters, bikes and cars

New solutions to fix archaic world of fuel-powered vehicles: Ola co-founder

Internal combustion engine vehicles are a remnant of the past and EVs are trying to fix this archaic system by making mobility universally accessible and sustainable, Bhavish Aggarwal said