SoftBank-backed ride sharing unicorn Ola halves FY19 losses

Supriya Roy

Ride sharing unicorn Ola’s losses narrowed by 57% amidst several media reports about employee layoffs ahead of its reported ....

2 December, 2019

In Brief: CCI approves Amazon’s plan to buy a minority stake in Future Group; Ola restructures operations

Tanmay Tiwary

Anti-trust regulator Competition Commission of India has approved Amazon’s plan to acquire a minority stake in Mumbai headquartered ....

29 November, 2019
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In Brief: Govt plans 10% commission cap for Ola, Uber; BlackBuck offers truck owners free FASTTags

Tanmay Tiwary

The central government is planning to cap the commission earned on rides by cab aggregators like Uber and Ola to a maximum of ....

28 November, 2019

Ola separates financial services arm from parent ANI Technologies; Amazon India to add bus, train, hotel bookings

Tanmay Tiwary

Ride-hailing company Ola has separated its financial services from its parent, ANI Technologies. Ecommerce major Amazon’s ....

26 November, 2019

OlaMoney adds veteran banker Hemant Kaul on board

Supriya Roy

Ride hailing unicorn Ola has appointed financial services veteran Hemant Kaul on the board of directors of Ola Financial Services ....

22 November, 2019

Shared mobility startup Vogo widens FY19 losses; expenses shoot up to Rs 46.3 crore

Supriya Roy

Scooter sharing startup Vogo Automotive widened losses to Rs 39.2 crore in financial year 2018-2019 against Rs 3.3 crore a year ....

15 November, 2019
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Shared mobility major Uber pumps $246 mn into India arm

Shashank Didmishe

Uber India Systems, the local arm of San Francisco headquartered shared mobility firm Uber, has raised $246 million from parent ....

13 November, 2019

CCI approves Hyundai, Kia’s 300 mn investment in Ola and its electric arm

Tanmay Tiwary

The Competition Commission of India has finally approved Hyundai and Kia's $300 million investment in Ola and its electric ....

31 October, 2019

Deal Talk: Ola to raise $200 mn from Microsoft; Paytm Mall ex-COO Amit Sinha's agri tech startup Unnati to raise $8 mn

Shweta Sharma

TechCircle brings you a round-up of technology investment and M&A deals reported from across newsrooms. Ola Ride-hailing ....

30 October, 2019

Ola seeks to scale cloud kitchen model through private brands

Binu Paul

ANI Technologies, the Bengaluru-based company that owns homegrown ride hailing platform Ola is restructuring its food delivery ....

22 October, 2019
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Half a dozen senior Ola executives quit; Delhi HC seeks govt response over VoIP breach

Tanmay Tiwary

Ride-hailing giant Ola sees several senior executives quit. Government likely to wait before placing the draft Personal Data Protection ....

22 October, 2019

Swiggy to hire 3 lakh delivery executives; Centre reviews surge pricing by cab aggregators

Tanmay Tiwary

Food tech company Swiggy wants to hire more delivery executives. The government is reviewing cab aggregators’ surge pricing. ....

21 October, 2019

Ola launches self-drive car rental service in Bengaluru

Binu Paul

Home-grown ride-hailing unicorn Ola has launched a self-drive car-renting service named Ola Drive in Bengaluru. The service ....

17 October, 2019

Flipkart, Paytm and Ola see changes in top management teams: Reports

Team TC

Ecommerce giant Flipkart, digital payments unicorn Paytm, ride-hailing service Ola and Ola Electric Mobility are witnessing changes ....

16 October, 2019

How Sachin Bansal is spending his $1 bn-plus Flipkart fortune

Supriya Roy

After selling his stake in Flipkart, the ecommerce firm he founded with IIT Delhi buddy Binny Bansal over a decade ago, Sachin ....

10 October, 2019

Former Foodpanda, Ola exec joins egrocer Milkbasket

Supriya Roy

Daily grocery delivery platform Milkbasket has appointed Nitin Gupta as its head of engineering. Gupta left food delivery platform ....

4 October, 2019

CCI raises concern over Hyundai- Kia’s $300 mn investment in Ola; Nitin Misra quits Paytm

Tanmay Tiwary

CCI raises concern over Hyundai- Kia investment in Ola The recently proposed $300 million investment in ride-hailing firm Ola ....

1 October, 2019

Ola raises $5.1 mn from Seoul-based ‘pre-IPO’ fund

Shashank Didmishe

Bengaluru-based ANI Technologies, which runs ride hailing platform Ola, has raised $5.1 million from ARK Ola Pre-IPO Private Investment ....

23 September, 2019

Deal Roundup: Lenskart, Wow! Momo shine in a lacklustre week for startup funding

Shashank Didmishe

Fund raising activity remained tepid in the week ended September 20 with 23 technology startups garnering around $135 million ....

20 September, 2019

NPCI asks Whatsapp to make changes in data-localisation compliance framework; Ola targets top business schools for talent

Team TC

The National Payments Corporation of India (NPCI) has asked the Facebook-owned messaging app, Whatsapp, to make additional changes ....

18 September, 2019

Hyundai, KIA Motors seek CCI nod to invest in Ola EV arm, parent

Vijayakumar Pitchiah

South Korean automotive major Hyundai Motor and its sister company Kia Motors, have sought the approval of the Competition Commission ....

16 September, 2019