Chinese ride-hailing company Didi Kuaidi has invested an undisclosed amount of some in Ola. Falcon Edge, GIC, Tiger Global Management, and SoftBank are other investors who participated in this round of funding.
Tag: Ola
Ola secures $100 million in funding from Falcon Edge, valuation hits $5 billion
Ola has secured $100 million (Rs. 630 Cr) in latest round of funding from Falcon Edge, as per a TOI report. The online taxi aggregator has now reached a valuation of $5 billion.
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Ola plea dismissed by Delhi HC, receives warning to shut down service
Ola’s plea for interim relief was dismissed by the Delhi HC on the grounds that the online taxi aggregator is not abiding by the court order to stop operations in the capital.
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Ola in talks to secure $500 million in latest round of funding
Ola is in advanced talks to raise $500 million (Rs. 3,150 cr) in latest round of funding from existing investors, as per a latest report from the Economic Times.
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Ola rolls out grocery delivery service app ‘Ola Store’ for Android
Ola has launched an online grocery delivery service app dubbed as ‘Ola Store’. The Android app that is initially live in Bangalore allows users to order basic daily needs.
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Ola to kick start bus service, will aggregate tourist and chartered buses
Ola is all set to expand its portfolio by launching a shuttle bus service, with an aim to expand its user base and boost revenue even further. The online taxi hailing service will aggregrate tourist and chartered buses on its platform, as per a latest report from Economic Times.
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Ratan Tata invests in Ola
Ratan Tata, chairman emeritus of the holding company of India’s Tata conglomerate, has picked up an undisclosed amount of stake in online taxi-hailing company Ola.
Ola geared up to launch delivery service like UberRUSH next month
Ola is all set to roll out a pickup and delivery service similar to Uber’s UberRush. The ride hailing service jas started testing the new delivery service, as per a report from Hindu Business Line.
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Ola integrates TaxiForSure into its mobile app
Ola users can now book a TaxiForSure cab directly from its mobile app. At present only hatchback cabs from TaxiForSure are available as the integration is in its initial stage.
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Ola and TaxiForSure cleared to operate in Delhi
Online taxi aggregators, Ola and TaxiForSure have received a respite from the Delhi High Court as it set aside orders rejecting the applications of two app-based cab companies for licence to operate in the capital.
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Delhi rejects Uber, Ola and TaxiForSure’s licence applications
Delhi Government Transport Department has rejected applications for licence from US-based cab aggregator Uber and Ola and TaxiForSure as the capital does not have a regulatory framework that recognises app-based cabs. The latest move comes from the authorities following fair warnings from part few months.
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Uber and Ola blocked by Delhi Govt. following requests
The Delhi Government has finally taken a stern action against online taxi hailing services like Ola and Uber. Both the companies were requested in March by the authorities of the Delhi Government to cease their operations in the capital.
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Ola raises $400 million in latest round of funding from DST Global and others
Ola has secured $400 million in latest round of funding from DST Global with participation from GIC, Falcon Edge Capital and existing investors SoftBank Group, Tiger Global Management, Steadview Capital and Accel Partners US.
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Ola secures $315M funding from DST Global
Ola, the online taxi service has raised $315M in latest round of funding from DST Global and existing investors Tiger Global, Steadview Capital and Accel Partners. Existing investors Softbank and Matrix Partners did not participate in the round.
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Delhi Govt. warns Uber, Ola against resuming operation, blocks mobile apps
The authorities of Delhi Government has warned online taxi service Uber and Ola on resuming operations. The Transport Department of Delhi Government has asked the services to cease their operations in Delhi or their application for radio-taxi licenses will not be processed.
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