Abhichandani had served a year and a half stint as the CFO of Flipkart's logistics unit eKart
The deal involves allotment of 171,173 fully and compulsorily convertible preference shares
> The Bengaluru Police has registered a complaint of copyright infringement against ride hailing service Ola and its founders Bhavish Aggarwal and Ankit Bhati for streaming pirated film music through its Ola Play platform. The complaint which was filed by Bengaluru-based Lahari Recording Company on May 20 accuses ANI Technologies Pvt. Ltd., the parent company of ride hailing service, of downloading and streaming songs from popular Telugu and Kannada movies for which it owns the rights. Police raided the Ola office, seized equipment that downloaded and stored songs locally and streamed it on its Ola play platform, it said in a statement on Friday. Tulasiram Naidu, director at Lahari Recording Co, discovered last month that Ola was playing audio music of popular Telugu movies such as Bahubali, Chiranjeevi's Khaidi 150 and Kannada movie Sundaranga Jana, when he took Ola Prime from airport to his home in Bengaluru. Naidu, who is known as Lahari Velu in film circles, checked with ..
Bengaluru-based firm ahd earlier raised about $250 million from SoftBank in Nov last year
Ola posted a consolidated loss of over Rs 2,311 crore in 2015-16
Ola recently raised funds to the tune of Rs 1,675 crore from its Japanese investor, SoftBank
Last year was tough with SoftBank writing down its investment in Ola, reports Tech in Asia
Company will also invest in setting up charging stations in the pilot cities
Both Ola and Uber didn't respond on queries related to ongoing protest
Cab aggregator Ola today said it has signed MoU with Government of Madhya Pradesh to create 25,000 entrepreneurs in the state. The MOU is focused towards training, skill development and empowerment of 25,000 driver partners in the next two years, Ola said in a releae. It said the MoU has been signed with Madhya Pradesh State Skill Development Mission (MPSSDM) and Directorate of Skill Development (Technical Education & Skill Development Dept). The company has set goal of nurturing micro entrepreneurship and skilling 50 lakh drivers by 2020. Ola said as part of this initiative, it will work closely with the State's Skill Development Department in providing essential training infrastructure, utilities and technology framework that will ensure an improved employment scenario for the youth of Madhya Pradesh. Along with skilling and training thousands of men and women, Ola said it will also organise on-ground events, build communication modules and create a ...
The will provide a discount of Rs 100 on a minimum order value of Rs 200
Valuation 30% lower, as SoftBank marked down its investment in the cab aggregator
Development comes as Delhi govt called a meeting between drivers and representatives of Uber and Ola
Both Pranav and Sanjay's roles are critical and essential to steer Ola to its next phase of growth
Firm's Mini category fares cut from Rs 10 per km to Rs 8, Prime services from Rs 13 per km to Rs 10
Prior to Ola, Badri was the Chief Data Scientist and Founding CTO of FirstFuel Software
Growing trend among Indian start-ups to bring experienced professionals to run business
Jivrajka has now been appointed as Founding Partner, he succeeds Pranay Jivrajk
Partnership will offer medical benefits, accident insurance at discounted rates to driver partners
He'll look at growing supply of cars and also bring more drivers into Ola's fold