Ola Cabs

Thyrocare CEO opts for OLA instead of luxury car after event at 5-star hotel: 'It shocked all'

Urging others to be frugal, the Navi Mumbai-based millionaire entrepreneur wrote, 'EMI gets high-end cars and an artificial high. But OLA gets you peace for sure.'

Ola Consumer restarts car-pooling service after 4 years

In 2020, Ola suspended shared rides temporarily in an effort to curb spread of coronavirus that has killed over 10,000 persons so far globally.

'I'll hit you so hard': Gurgaon woman claims she was threatened by Ola driver. See viral post

Puja recounted that, to ensure a prompt cab, she booked rides through both Ola and Rapido, ultimately selecting Ola due to her confidence in the service. However, the journey soon took an alarming turn.

MapMyIndia sends notice to Ola Electric for copying data to build Ola Maps: Report

Ola Electric has called the allegations 'false and misleading'. "We will suitably respond to the notice shortly," said Ola Electric's spokesperson to Moneycontrol.

Bengaluru woman abused by Ola Auto driver over fare, says got no help from company

After a heated exchange, the woman paid the correct fare and tried to enter her apartment, but the Ola driver continued to create a scene, hurling more abusive words.

Ola Cabs CFO Karthik Gupta steps down seven months after taking charge

Before joining Ola, Gupta worked as the vice president and regional CFO of Asia Pacific, Middle East and Africa of Procter and Gamble for nearly 17 years.

Ola Cabs CEO Hemant Bakshi quits, company plans to lay off 10% staff as part of restructuring exercise

The restructuring comes just a few weeks after Ola Cabs initiated preliminary discussions with investment banks for an IPO.

Post Ola Electric, now Ola Cabs meets investment banks, weighs IPO

A clutch of global and domestic investment banks are learnt to have met senior executives of Ola Cabs and discussed potential IPO

Ola Cabs shuts down international business amid rising competition, focus on India market

Sources say that the move comes amid rising competition in the international market coupled with pressure across countries to go electric.

Vanguard slashes Ola's valuation to $1.9 billion; down 74% from peak

With the fresh move, Vanguard has now cut Ola’s valuation three times in a row.

Key priority for Ola is to electrify across ride-hailing services: CEO Hemant Bakshi

The firm is planning to take its e-bike business nationally by the end of this year, and expects to complete 0.5 billion rides in 2024

Ola Cabs likely to collaborate with ONDC for logistics services

Ola CEO Bhavish Aggarwal expressed enthusiasm about the upcoming developments in collaboration with ONDC

Vanguard marks down Ola again, pegs fair value at $3.5 bn

Vanguard, which holds 166,185 shares of Ola or about 0.7 percent stake in the company, has pegged the fair value of its stake at $25,038,000, down from its acquisition cost of $51,748,000, the AMC's regulatory filings showed. This implies a valuation of $3.5 billion for Ola against its last private market valuation of $7.3 billion.

CEO Bhavish Aggarwal thinks Ola Electric is on track for an early listing

Ola Electric has sold more than 239,000 electric scooters since December 2021 and holds a 38% share in India's electric-scooter market.