Tag "Ola"

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

Ola hires Pranav Tiwari and Sanjay Kharb as VPs of Engineering

By : CIOL Writers

After a spate of high-profile management exits, cab-aggregator Ola is compensating for the losses with two significant appointments, strengthening its core technology leadership. Pranav Tiwari, former CTO of Cellworks as well as an ex-Googler has joined as the Vice President

SoftBank’s Q3 operating profit rises 71pc on the back of Sprint

By : CIOL Writers

Tokyo-based telecom and Internet giant, Softbank has posted its third quarterly earnings and even though the company managed to beat the expectations by a margin, it has reported a loss of $351 million in two of its biggest bets in

UberPOOL and Ola Share stand illegal in Bangalore from today

By : CIOL Writers

As the 3-day deadline issued by the State transport commissioner M.K.Aiyappa to cab aggregators- Uber and Ola to withdraw their ride-sharing services ended yesterday, UberPOOL and Ola Share now stand illegal in Bangalore starting today. According to the transport department,

Ola appoints former PepsiCo exec Vishal Kaul as new COO

By : CIOL Writers

Cab aggregator, Ola has named former PepsiCo executive, Vishal Kaul, as its chief operating officer (COO) and Pranay Jivrajka will continue to lead key strategic initiatives in a new role as founding partner, the company said. In his new role,

Ola extends ‘Share Express’ to over 100 routes

By : CIOL Writers

Cab-aggregator Ola has extended its recently launched service ‘Share Express’ to over 100 routes. Share Express runs along fixed routes of a city and makes ride sharing seamless and cheaper by 30 percent to its customers. Notably, only those customers

Ola to invest Rs 100cr for skill development over next 3 years

By : CIOL Writers

Taxi aggregator Ola will be investing Rs100 crore for addition and skill development of one lakh drivers to its platform over the next three years as part of a Memorandum of Understanding (MoU) it has signed with National Skill Development

Uber launches UberFLEET for better fleet management in India

By : CIOL Writers

Cab aggregator Uber has launched UberFLEET, an Android app aimed at better fleet management for its driver-partners in 29 cities across India. The app has been designed to improve the overall productivity for fleet owners by making the process of

Yes Bank partners Ola to deploy mobile ATMs in Ola cabs

By : CIOL Writers

The cab aggregator Ola has partnered with Yes bank to set up mobile ATMs over 30 locations across 10 cities including Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Chandigarh, Ahmedabad, Hyderabad and Jaipur. “This is part of our commitment to serve

With valuations dipping, tougher road ahead for top Indian unicorns

By : CIOL Writers

A Morgan Stanley mutual fund has slashed the value of its Flipkart shares by 38 percent pulling the company to its lowest valuation till date- $5.54 billion. Notably, this is the fourth markdown by the mutual fund in the last

Make cashless payment for utility bills with Ola Money

By : CIOL Writers

After Ola Credit, the local cab-aggregator is now pushing Ola Money, a digital payment solution launched in 2015 to help people deal with demonetization. With Ola Money, users can make cashless payments at over 25 public utilities like electricity and

Ola, Uber may need to have their fare calculators validated from MeitY

By : CIOL Writers

The government of India has had very rough time dealing with cab aggregators in the country so far. Be it Ola or Uber, the two have always found themselves on the other side of fence against the government. But looks

Ola launches postpaid service-Ola Credit to fight off cash crunch

By : CIOL Writers

In a bid to alleviate people’s concerns and hardships post demonetization of high currency notes, companies and service providers are introducing new payment modes every day to fight off liquidity crunch. The latest to join the bandwagon is local cab