Tag "Ola"

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

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