Tag "Ola"

Ola raises Rs 231cr from New York-based hedge fund

By : CIOL Writers

Ola has raised over Rs 231 crore from New York-based hedge fund Tekne Private Ventures through issue of preference shares. The deal involves allotment of 1, 71,173 fully and compulsorily convertible preference shares for a total consideration of Rs 231.44 crore, according

UIDAI accuses Ola-owned Qarth of Aadhaar data misuse

By : CIOL Writers

The Unique Identification Authority of India(UIDAI) has filed a complaint against Ola-owned Qarth Technologies for misusing data accessed from the Aadhaar website. Chennai-based Qarth Technologies was acquired by cab aggregator Ola in March 2016, in a bid to strengthen Ola’s mobile wallet

Now book an Ola ride to any restaurant from the Zomato app

By : CIOL Writers

Ride hailing firm Ola has tied up with restaurant search and discovery service Zomato enabling users to book an Ola ride to the restaurant from the Zomato app. Earlier, Zomato had a similar tie-up with Ola’s US-based rival, Uber. Users will

Microsoft may invest $50-100 million in Ola’s parent company ANI Technologies

By : CIOL Writers

Microsoft is likely to invest $50-100 million (Rs 320-640 crore) in Ola’s parent company ANI Technologies, according to a Livemint report. The deal could see Ola switch to Microsoft’s Azure cloud platform instead of Amazon Web Services(AWS). Microsoft’s move comes at a

Ola invest Rs 100cr into its car leasing business

By : CIOL Writers

Cab aggregator Ola has invested Rs 100 crore in its car leasing arm Ola Fleet Technologies, according to documents filed with the Registrar of Companies (RoC). The proposal for Ola investing additional money into Ola Fleet Technologies was accepted by the board

Ola might expand operations to Sri Lanka, Nepal soon

By : CIOL Writers

India’s largest ride-hailing service company, Ola is planning to go international with eyes on Sri Lanka, Nepal and Bangladesh, reports NDTV. Ola that operates in over 100 Indian cities has been looking at international markets for a while now and if

Uber debuts UberPass in select Indian cities

By : CIOL Writers

Following in the footsteps of arch-rival, Ola, Uber has also introduced Pass feature for its users in select Indian cities. Uber India has started the pilot of UberPass in four metros namely Mumbai, Delhi, Chennai, and Kolkata. Though the cost of the

Lower driver incentives lead to shortage in Ola, Uber car supply

By : CIOL Writers

Cab aggregators Ola and Uber are suffering from almost 25 percent drop in the number of cars since the previous quarter courtesy decline in incentives provided to the drivers, according to a RedSeer Management Consultants report. Both Ola and Uber had showered the

A music company files lawsuit against Ola over piracy issue

By : CIOL Writers

Cab aggregator Ola is once again in trouble, this time over piracy issues. A Bangalore-based recording company reportedly has accused Ola of playing pirated film songs on its platform Ola Play. According to the media reports, Tulasiram Naidu, director of

Ola raises $50mn funding from New York-based hedge fund

By : CIOL Writers

India’s largest cab-aggregator Ola has raised additional $50 million funding led by US-based hedge fund Tekne Capital Management. The funding round also saw the participation from Ratan Tata’s venture fund RNT Capital Advisors and US hedge fund Falcon Edge as per a report by

Uber fires Eric Alexander for compromising company’s privacy

By : CIOL Writers

Uber is still making headlines, but not for good reasons. The ride-hailing giant has fired Eric Alexander, the president of business in the Asia Pacific for obtaining medical records of a female passenger who was assaulted during a ride in

Ola and Mahindra join hands to promote electric mobility

By : CIOL Writers

In partnership with Mahindra & Mahindra, Ola kicked off a pilot project in Nagpur, launching India’s first multi-modal electric vehicle project. Ola has also announced an electric fleet of 200 vehicles, including taxis, buses, e-rickshaws and autos. Mahindra manufactured 100

Ola launches Progressive Web App to drive growth in smaller towns

By : CIOL Writers

In a bid to drive growth in smaller towns and cities, cab-aggregator Ola has launched Progressive Web App (PWA), a lightweight mobile website that offers users an app-like experience on simple smartphones, requiring a fraction of the data used by native

Ola reportedly clips investors’ rights to strengthen Founders’ rights

By : CIOL Writers

Seeing the growing clout of SoftBank in the Indian startup industry, cab-aggregator Ola has reportedly decided to restrict investors’ rights and strengthen those of its founders. To that effect, Ola has made some crucial changes in its shareholder terms as a protectionist

Ola opens sources its vulnerability analysis and management tool- Jackhammer

By : CIOL Writers

Amidst ever increasing security threats, Ola has open sourced its vulnerability analysis and management tool- ‘Jackhammer’ for technology companies. Built in-house, Jackhammer finds security vulnerabilities in the target application (website, mobile app, network, source code and blogs) and it helps security

Ola partners Airtel to roll out integrated digital services to users

By : CIOL Writers

Cab-aggregator Ola has partnered Airtel to roll out integrated digital services to their customers. As part of the deal, Ola will integrate Airtel Payments bank to its app to offer convenient digital payments solutions to customers for their rides. Also, Airtel will integrate

Ola eyeing another $100mn to expand operations

By : CIOL Writers

Local cab aggregator Ola is looking to raise another $100 million from investors, four months after it raised about $250 million from SoftBank Group, according to regulatory filings sourced from market research firm Tofler. As per the documents,  Ola’s board

Ola raises $250mn from SoftBank in a down round

By : CIOL Writers

Ola raised $250 million in fresh funding from Japanese telecom and internet major SoftBank last year, as per the documents filed with the Ministry of Corporate Affairs (MCA). However, the company is yet to make an official announcement of the same.

Ola planning to bring electric cabs across major Indian cities in next 3 months

By : CIOL Writers

In a bid to further bolster its operations in the country, cab aggregator Ola is planning to introduce fully electric cabs on a pilot basis in major Indian cities. “There is a lot of focus on electric vehicles. We shall be

Amid Ola and Uber driver unrest, Jugnoo launches taxi services

By : CIOL Writers

Though Jugnoo’s entry into the online taxi-hailing space has been anticipated since it acquired cab booking platform BookMyCab in July 2015, the online auto-rickshaw aggregator finally made its foray into the segment only this last Sunday. The company has debuted