Uber’s Main Rival, Ola in India Plans to Join London Race

Ola, Uber’s biggest rival in India, said it will take on the ride-hailing giant in London before the end of the year after launching in five smaller UK cities. The Bangalore-based startup commenced operations in Liverpool last month. Having established…

Ola Will Race Zoomcar In Self-Drive Car Rentals

To expand its bouquet of transportation solutions. Indian cab aggregator Ola is set to offer self-drive service with a planned investment of $500 million in the next few weeks. The company shall resort to a mix of debt and equity…

Karnataka Government Lifts Ban On Ride-Hailing Firm Ola

Two days after suspending its cab aggregator licence for operating bike-taxi services, the Karnataka government lifted the ban on ride-hailing app Ola on Sunday. On Sunday, Karnataka social welfare minister Priyank Kharge tweeted, “Ola will run their business as usual…

Ola In Talks To Buy Custom-Made Electric Vehicles

ANI Technologies-owned Ola is in talks with India’s top automakers to procure custom-made electric and connected vehicles as the ride-hailing platform plots an aggressive expansion into eco-friendly modes of transport. These so-named “Special Purpose Vehicles” would, to some extent, be…

Ola’s License Suspended In Bengaluru For The Next Six Months

Karnataka suspended homegrown cab aggregator Ola’s licence to operate in the state for six months. After failing to comply with an order to suspend “illegal” two-wheeler taxi services in the capital Bengaluru. Ola said it would work with officials to…

Hyundai To Invest In Ola To Support Its Electric Vehicles

Hyundai is in talks to invest up to $300 million in the home-grown ride-hailing giant Ola, according to the report which is citing sources. In February, Ola had confirmed Rs 650 crore funding from Flipkart co-founder Sachin Bansal. Some of…

Sachin Bansal Invests Rs 500 Crore In NBFC Firms Altico And Indo

Flipkart co-founder Sachin Bansal has invested Rs 250 crore each. In non-banking financial companies, Altico Capital India and IndoStarCapital Finance report Mint citing sources. It said the debt investment was made through Bansal’s recently floated holding company BAC Acquisitions. The…

Softbank-Backed OYO To Acquire Fresh Menu In $50-60 Million

With $1 billion in its pocket, OYO has been on an acquisition spree in 2019. After Innov8 and Keys Hotels, the company is now involved in due diligence of Fresh Menu. The deal is slated to be worth $50-60 million…

Flipkart Co-Founder Sachin Bansal Invests Rs 650 Crore In Ola

Ride-hailing company Ola today announced an investment of Rs 650 crore from Flipkart’s co-founder Sachin Bansal as part of its ongoing $1 billion Series J round. Bansal invested in a personal capacity as an investor, Ola said in a statement.…