Page 24 - Ola

Ola serves over 1 bn customers annually, creats employment : CEO Aggarwal

The SoftBank-backed company is locked in an intense battle for market leadership with US-based Uber

Delhi HC orders anonymous social network portal to remove posts against Ola

Derogatory statements were made by Hush users against women employees of Ola and some posts contained the company's confidential business plans

Ola appoints former Google Europe COO Ben Legg as MD of UK operations

The UK is the second international market after Australia for the Bengaluru-based company

Ola's global march continues as it eyes UK entry within a month

In Feb, the ride-hailing company made global foray launching in Australia

Ola making profit on every ride, IPO in 4 years: CEO Bhavish Aggarwal

Turning a profit would essentially bring down company's reliance on raising capital from investors to grow its business further in the country and beyond

Ola's losses mount to Rs 49 bn in FY17 despite revenue improvement

Losses posted by the company in 2016-17 was more than three and half times of its revenues during the period, which stood at Rs13.8 billion

Ola aligns with Softbank's dream of one million electric vehicles

The company has announced 'Mission: Electric' to bring one million EVs on to India's roads by 2021, starting with 10,000 electric rickshaws in the next 12 months

Ola plans to add 10,000 electric vehicles, mostly e-rickshaws in 12 months

The company said it will further expand its EV fleet to three other Indian cities but did not disclose the names

Ola unveils in-trip insurance: Cost starts at Re 1, covers up to Rs 500,000

Apart from Acko, Ola has also partnered with ICICI Lombard General Insurance; the partnership would go live in the coming months, the company said

Ola acquires ticketing app Ridlr to enable mass transit integration

Ridlr already partners several mass transit companies across the country to enable cab booking zones

Ola plans to acquire Ridlr to boost real-time tracking technology

Ola's bold moves come at a time when Softbank is seen as exerting pressure on Uber to fold its businesses in Asia

Ola hires former BMW Group executive Anand Shah to lead new EV arm

Ola is trying to zoom ahead of rival Uber in EVs, having already rolled out a pilot in Nagpur

Ola spreads wings in Australia to build profit base, take on Uber in India

The company has launched its service in Sydney, its second market in Australia in under a month

Ola hires top auditor to probe recruitment fraud by HR head Yugantar Saikia

Laptop and email seized, Saikia kept off company's rolls; fraud size said to be 'few million dollars'

Ola plans to go Down Under, eyes Australia and New Zealand for expansion

The two new markets are overwhelmingly dominated by Uber, which has been able to edge out local start-ups

Ola acquires Food Panda in India, to invest $200mn into food delivery biz

This deal includes the transfer of Foodpanda's India business to Ola in an acquisition deal in exchange for Ola stock.

Ola projected to turn profitable by FY19, rake in $1 bn by 2021

The projections, part of the firm's valuation report dated March 18, 2017, stated that the firm would achieve a net operating profit after tax of Rs 1,170.49 crore in 2018-19

Ola to raise $2 billion in fresh funding from Tencent, SoftBank

The deal on the first $1 billion is expected to be closed soon and will not see participation from Ola's largest investor, SoftBank

Ola said to raise $2 bn from SoftBank, Tencent

The funding will help Ola to continue its focus on India and build both its supply of vehicles and drivers

Ola aligns with millennials, adopts their causes to market services

Company's focus on climate change and attempts to link it to the 'Ola Share' service is not new