Karnataka govt lifts ban on ride-hailing firm Ola

Payal Ganguly

Two days after suspending its cab aggregator licence for operating bike-taxi services, the Karnataka government lifted the ban ....

25 March, 2019

Karnataka transport department suspends Ola’s aggregator licence

Binu Paul

In a major setback to Ola, the Karnataka transport department has suspended the cab-hailing unicorn’s aggregator licence ....

22 March, 2019
ADVERTISEMENT

Ola raises $300 mn from Hyundai Motor, Kia

Binu Paul

Ride-hailing company Ola has raised $300 million (Rs 2,050 crore) from South Korean automakers Hyundai Motor Co and Kia Motors ....

19 March, 2019

New Chinese VC eyes self-publishing platform Pratilipi; Hyundai may invest in Ola

Kavya Kothiyal

Bengaluru-based self-publishing e-platform Pratilipi is in advanced stages of discussions with Chinese venture capital firm Qiming ....

7 March, 2019

Uber ropes in former Axis Bank exec as India marketing head

Vijayakumar Pitchiah

Cab hailing major Uber has appointed former Axis Bank executive Manisha Lath Gupta as the head of marketing for its Indian operations, ....

5 March, 2019

Outstation taxi service firm Gozo Cabs raises funding

Binu Paul

Outstation taxi service provider Gozo Cabs has raised an undisclosed amount from a bunch of Silicon Valley-based individuals including ....

5 March, 2019
ADVERTISEMENT

Ola's electric mobility arm secures $56 mn in first funding round

Binu Paul

Ola’s electric mobility arm said on Friday that it has raised Rs 400 crore ($56 million at current exchange rates) from ....

1 March, 2019

Mahindra & Mahindra’s electric vehicles drive into shared mobility space

Anirban Ghoshal

Listed carmaker Mahindra & Mahindra Ltd has entered the shared mobility space with an electric vehicles-based ride-hailing ....

26 February, 2019

Consolidation brewing in India’s booming food-tech sector

Binu Paul

Bengaluru-based Swiggy and Gurugram-based Zomato, locked in a fierce battle for dominance in the country’s food ordering ....

22 February, 2019

Flipkart co-founder Sachin Bansal invests $92 mn in Ola

Binu Paul

Flipkart co-founder Sachin Bansal has invested Rs 650 crore ($92 million) in ANI Technologies Pvt. Ltd, which operates cab-hailing ....

19 February, 2019
ADVERTISEMENT

Ola may invest in car-pooling app sRide; bike rental startup Royal Brothers raises funding

Kavya Kothiyal

ANI Technologies Pvt. Ltd, which operates cab-hailing app Ola, is in talks to invest in Pune-based corporate car-pooling app sRide ....

18 February, 2019

Karnataka transport dept confiscates Ola, Rapido bike taxis in Bengaluru

Binu Paul

The Karnataka transport department has confiscated nearly 200 bike taxis in Bengaluru connected to ride-hailing apps Ola and Rapido, ....

18 February, 2019

Uber posts $50 bn in 2018 bookings but profit remains elusive

Reuters

Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament ....

18 February, 2019

Fleet platforms MoveInSync, Routematic foray into ride-hailing space

Payal Ganguly

Fleet platforms MoveInSync Technology Solutions Pvt. Ltd and Routematic will enter the ride-hailing segment focusing on office-goers ....

14 February, 2019

Ola in talks to raise funding from Mirae Asset-Naver Asia fund: Report

Kavya Kothiyal

Cab-hailing company Ola is in talks with a joint venture of South Korean companies Mirae Financial Group and Naver Corp to raise ....

11 February, 2019

Ola appoints former Mphasis executive as COO and head of fleet business

Binu Paul

Ride-hailing app Ola has appointed former Mphasis executive Puneet Bhirani as the chief executive of its cab leasing arm Ola Fleet ....

8 February, 2019

Ola raises $16 mn in fresh capital from new US-based investors

Kavya Kothiyal

ANI Technologies Pvt. Ltd, which operates cab-hailing app Ola, has raised Rs 112 crore ($15.6 million) from a clutch of new foreign ....

5 February, 2019

Sustainable innovation, not jugaad, is key to entrepreneurship in India

Priya Kapadia

Every innovative tool or service we use today has been the result of a need felt by the consumer. Regardless of whether it was ....

4 February, 2019

Ola lost Rs 1.5 for every rupee earned in FY18

Vijayakumar Pitchiah

ANI Technologies Pvt. Ltd, which operates homegrown cab-hailing major Ola, reported a nearly 57% rise in operating revenues and ....

1 February, 2019

Uber starts pilot speedboat service in Mumbai

Kavya Kothiyal

Ride-hailing company Uber Technologies Inc. started a pilot speedboat service in Mumbai on Wednesday as part of its plans to provide ....

30 January, 2019

Foodpanda to focus on cloud kitchens as parent Ola tightens purse strings

Binu Paul

A year after acquiring Foodpanda, ride-hailing unicorn Ola is significantly scaling down expenditure on its food delivery subsidiary ....

28 January, 2019