Page 20 - Ola

As valuation touches $8 bn, Byju's pips Ola as 3rd largest unicorn in India

EdTech firm valued at around $8 billion after Tiger Global's $200-million investment

Ola's outstation service grows 2X; tier-2 cities contribute the most

The company, which competes with US rival Uber, aims to capture a market that is poised to grow to $15 billion in the near future

The decade saw its fair share of brand bashing, bans and boycotts

The decade is defined by globalised consumption patterns and a tetchy consumer-brand relationship

Ola unveils AI-enabled safety feature in 17 markets across India, Australia

Ola's 'Guardian' feature uses real-time data from rides to automatically detect irregular trip activity, including prolonged stops and unexpected route deviations

Ola aims to double scale of business in Australia and New Zealand

A company source said the firm is looking to double the scale of business across parameters such as revenue, customers, driver-partners and the number of rides

Is bike-taxi service the next big thing ?

At present, Uber is doing more than 4 million rides a day. In order to expand its service, the company is willing to partner local players

Ola restructuring business ahead of IPO; move may impact over 250 roles

Ola is estimated to have about 4,500 people on its payrolls

Govt may cap Ola, Uber driver charges; industry calls it a bad idea

Though this will increase the earnings of drivers, a fear among industry players is that any meddling with natural market dynamics might cause more harm than good

Ola begins onboarding drivers in London as rival Uber loses licence

Over 50,000 licenced drivers will now be assured that they can continue to provide mobility services in London. Drivers can initiate their registration on the Ola app

How Ola bike is gaining rider confidence in small towns

Interestingly, around four out of every 10 Ola Bike trips are taken in small towns

Ola makes inroads into India's hinterlands with bike taxi service

According to the company, Ola Bike on an average, is 30 per cent faster and 50 per cent more cost-effective than four-wheelers for distances between 6 and 8 kilometres

Odd-even scheme: Ola, Uber to deactivate surge pricing for 12 days in Delhi

In a statement issued on Saturday, Ola said it will extend its support to the Delhi government's initiative to curb pollution

CCI approves Hyundai and Kia's acquisition of shareholding in Ola

In March this year, Hyundai and Kia had said they would invest $300 million in Bengaluru-based Ola

Ola in talks with Microsoft to raise $200 million in funding: Report

The discussions are at an advanced stage and likely to be closed in the next 10-15 days, the sources privy to the development said

Railways hails cab aggregators for parking slots; Uber, Ola not interested

Ride so far too costly, say the latter; attempt now to sweeten parking spot deal for the cab aggregators

Ola bets big on food biz, to launch portfolio of in-house food brands

Ola's food business will focus on becoming a food-first company with a massive kitchen infrastructure and a slew of brands

XLRI records 100% summer placement in 2 days; highest stipend Rs 2.5 lakh

86 recruiters participated in programe

After e-vehicle initiative, Ola goes for an internal reshuffle for Drive

Perfecting tech and handling state licences would be the main focus for the new team

India's new mobility market expected to touch $90 bn by 2030: Data

According to data, new mobility will be driven by taxi services, expected to touch $61 billion from $1.5 billion in 2018

Ola inching closer to profitability, may float IPO in two years: Report

While Ola's high cash burn, owing to its fierce fight with Uber, is a dampener, some of its recent bets on newer areas make it attractive