Page 23 - Ola

Ola's electric mobility unit gets Tiger, Matrix financial backing

Subsidiary Ola Electric Mobility raises Rs 292 cr from these early backers; firm likely to raise Rs 400 cr in total in this round

To enhance safety, Ola masks customers' numbers from drivers

The company has integrated a cloud telephony solution that sends an encrypted number to the driver, whenever someone books a cab

Flipkart founder Sachin Bansal may play mentor to Ola in fight against Uber

Flipkart co-founder may be instrumental in next funding round talks

Ola facilitates the issue of 20 million in-trip micro-insurance policies

The ride-hailing firm offers insurance for lost baggage, accidental medical expenses, loss or damage to a laptop and emergency hotel requirement

Ola cuts down losses on way to profitability, revenue up 61% at Rs 2,223 cr

Revenues from its wallet business jumped more than two times at Rs 56.71 crore in FY18, though losses rose 62 per cent to Rs 40.62 during this period

Flipkart co-founder Sachin Bansal boards Ola with Rs 150-crore investment

This is learnt to be the first tranche of around Rs 650 crore investment into the company by Bansal

Ola raises Rs 520 crore from HK-based hedge fund Steadview Capital

The new funding is expected to help the Bhavish Aggarwal-led company to intensify its battle with global rival Uber in the Indian market

Ola banking on platform effect to grow, may enter medicine delivery

The company may be close to buying stake in Myra, an online medicine delivery service, according to a report

Ola to invest $100 million in Indian scooter sharing startup Vogo: Aggarwal

Vogo did not disclose how many scooters it currently has but said that more than 100,000 users have commuted for over 20 mn kilometres using its two-wheelers

Ola in talks to raise $500 mn, not keen on SoftBank leading fresh round

Ola prefers funding from Tencent and DST Global over SoftBank to protect the founders' veto rights on key board decisions, including M&As

Ola to showcase concept electric vehicles, in talks with component vendors

The company, according to sources, could manufacture the electric vehicles on its own, or get into an arrangement where it has a complete control over the process of manufacturing the vehicle

After Australia and UK, Ola drives into New Zealand's three largest cities

The company's international expansion comes at a time when it is trying to woo new investors

Ola ramps up expansion abroad with foray into three cities in New Zealand

Ola's service will include safety features like in-app emergency button that enables customers to instantly share important ride information

Ola plans grocery delivery biz relaunch in early 2019 ahead of Uber's entry

Facing competition from Uber, Ola looks to recreate Grab and Dixi Chuxing's story

CCI approves additional purchase of 6.72% stake in ANI tech by Ola founders

Last month, the founders of the cab aggregator had sought approval of CCI for the combination pertaining to the indirect acquisition of less than 10 per cent of the share capital of ANI through Lazar

Ola founders get CCI approval to increase stake in ANI Technologies

Competition watchdog also okays the sale of Star Health to SafeCrop

Flipkart founder Sachin Bansal may invest $100 mn in Ola, says report

This will be the largest personal investment for Bansal, who has several early-stage bets under his hood

Ola plans to go Dutch on investor hunt; eyes 50 global cities by 2019

Apart from Uber, Ola will compete with Taxify, an Estonia-headquartered unicorn which raised money from the likes of China's Didi Chuxing and Daimler

Ola raises $50 million from new investors; aims to reduce power of Softbank

The China-Eurasian Economic Cooperation Fund is an equity investment vehicle to further China's Belt and Road Initiative

Ola set for recast on road to profit; may announce Vijay Ghadge as new COO

Sources suggest there could be a churn in staff, affecting around 40 per cent in the organisation