The company has so far raised USD 45 million from Ford, Sequoia Capital, Empire Angels, Nokia Growth Partners, among others.
The government of Karnataka on Wednesday issued a notification prescribing the minimum and maximum fare for taxis, including for Uber and Ola.
The firm is already in the works of setting up operations in Dhaka and Colombo, making it their first overseas expansion - where Uber, the US ride-hailing app, is already present.
Anup Bagchi, Executive Director, ICICI Bank said, “These new propositions will help Ola’s driver-partners to manage their finances in a better way, while also enable customers of Ola to get easy access to instant credit in a simple manner."
Cab-hailing major Uber is re-launching its 'AUTO' service in India, almost two years after shutting down the offering in March 2016, starting with Bengaluru and Pune.
The aggrieved passenger - Samarpita Banerjee - was stuck in an Uber for over 1.5 hours on Mumbai roads due to the ongoing protests in the city.
Demand for cabs spiked further by 40-50 percent during the late evening and night hours, with the maximum bookings being received from Connaught Place, Greater Kailash in Delhi and Cyber Hub in Gurugram
It also highlighted that Ola Share had saved four times the fuel from last year, claiming that it is indicative of a good adoption rate.
Read about the challenges drivers face every day, including abusive passengers, pollution, traffic and a fear of getting mugged, as Moneycontrol spends a day tracking a cab driver and learning about his journey.
Early stage deals were sluggish post-demonetisation. But investments bounced back in second half of 2017 and unicorns gained the most.
Ola Lite is a lightweight app that consumes less than 1 MB space and loads within 3 seconds without compromising on the booking experience, Ola said in a blog post.
Besides, the SoftBank-backed company has committed investments to the tune of USD 200 million in the Foodpanda India business, which is the largest such funds infusion in an Indian online food ordering and delivery company till now.
The government will offer a subsidy of Rs 3 lakh to all interested drivers to purchase a vehicle.
The firm, in a statement, said that the integration will allow LTMRH commuters to recharge their metro smart cards directly from the Ola Money app.
Chouhan brings over 20 years of experience across global brands like MTS, Coca-Cola and Bharti Airtel, it said.
Ola's bike offering comes just weeks after ZoomCar started a similar platform called 'Pedl' with 500 cycles across three cities – Bangalore, Chennai, and Kolkata.
Reports suggest that Tiger Global is looking at offloading a part of its stake in Ola and that SoftBank might increase its shareholding in the company, which could trigger a consolidation in the Indian taxi aggregation market.
While building products, Uber's CXOs are now talking to driver partners in markets outside the US to find out what works and what doesn’t, a possible result of a change in the company culture.
"I haven't stopped investing. In fact I am doing more double down because now you get good quality deals at the right price," says Mehta who invests in a startup a month.
Nagpur, being the first city to introduce Electric Public Transportation Model in India, has added one more feather to its cap by adding the first electric charging station at IOC's petrol pump in Nagpur
The new initiatives are aimed at winning confidence in India from users who reside in small towns and have limited internet or smartphone access.
Drivers working with Ola and Uber organized strikes this year across major metros in India.
With electric vehicles roaming in cities, there will be a massive new opportunity to redesign many of India's decaying urban centers...
Apart from announcing odd-even as a measure to control pollution, the Delhi government said that it will ensure that there is no surge pricing by Ola and Uber during next week
Taxi-hailing firm Uber on Thursday said it will not levy dynamic or surge pricing during the odd-even car rule implementation in Delhi next week.