Ola | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies, serving 250+ cities across India,...
Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies, serving 250+ cities across India, Australia, New Zealand, and the UK. The Ola app offers mobility solutions by connecting customers to drivers and a wide range of vehicles across bikes, auto-rickshaws, metered taxis, and cabs, enabling convenience and transparency for consumers and driver-partners. Ola also has additional services like Ola Electric, Ola Fleet Technologies, Ola Skilling, Ola Financial Services, and a food business.
Website
Headquarters
Bengaluru, Karnataka
Size
5001-10,000 employees
Industry
Software Development
🛍️ Ola Product and Pricing News →
👔 Ola CEO, Management and Leadership Team →
⚔️ Ola Alternatives and Competitors →
💼 Ola Hiring and Layoffs →
🤖 Ola Developer, Integration and Automation News →
📈 Ola Financials, Fundraising and Valuation News →
🛍️ Ola Product and Pricing News
- The Bureau of Indian Standards will investigate Ola Electric for poor service and product quality.
- Ola Electric plans to launch 20 new products over the next two years and will introduce a new platform in January 2025, having sold 98,619 units in the second quarter, a 73.6% increase from the same period last year.
- The Central Consumer Protection Authority has ordered Ola Cabs to issue invoices after rides and is investigating Ola Electric due to numerous complaints.
- The Central Consumer Protection Authority has ordered Ola to issue travel invoices to customers after rides and is investigating Ola Electric due to numerous complaints.
- The Central Consumer Protection Authority has directed Ola Cabs to provide travel invoices to customers after completing a ride.
- The Central Consumer Protection Authority has ordered a broad investigation into Ola Electric over service standards and unresolved issues with their EV scooters.
- Ola is set to enter the grocery delivery market again using the ONDC platform, aiming to compete with Blinkit and Swiggy Instamart.
- Ola has started using its own map instead of Google Maps, leading to navigation issues.
👔 Ola CEO, Management and Leadership Team
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Chief Marketing and Revenue Officer, Ola Group
[email protected] -
Chief of Staff-CEO Office[email protected]
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Chief Executive Officer[email protected]
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Chief Information Security Officer[email protected]
⚔️ Ola Alternatives and Competitors
- Cabify |
- Gett |
- Bolt |
- inDrive |
- Zoomcar |
- Revv |
- Careem |
- Meru Cab Company |
- Grab |
- Uber |
- Savaari |
- WTI |
- TaxiForSure |
- Gozocabs |
- GOAMILES |
- DiDi |
- Rapido |
- 99 Taxis |
- Easy Taxi |
- EasyCabs |
- Namma Yatri |
- Lyft |
- Curb Mobility |
- Dhyan Networks
💼 Ola Hiring and Layoffs
- Sidharth Shakdher, Ola Consumer's global CBO, is leaving the company after nine months to pursue his own ventures.
- Ola is currently hiring for the position of Chief of Staff - CEO (OFS) in India.
- Ola is currently seeking a Financial Controller in India.
- Ola Electric is focusing on creating a vertically integrated EV stack with key executives like Shaun Calvert, Hyun Shik Park, Ramakripa Ananthan, Suvonil Chatterjee, and Harish Abichandani leading manufacturing, battery production, and EV infrastructure.
- Vineet Agarwal has taken on additional responsibilities as Director, Corporate Finance & Investor Relations at Ola Electric and Ola.
- Ola's subsidiary Krutrim is hiring Frontend Engineers with expertise in React, Node.js, and JavaScript.
- Bharathwaj Srinivasan is hiring at Ola.
- Dibyendu Roy has left Ola as a Network Security Manager in India to join Insurance Information Bureau of India as a Senior Network Administrator.
🤖 Ola Developer, Integration and Automation News
- Ola Electric has partnered with EY India to improve after-sales services and plans to expand its service centers from 400 to 1,000 by year-end.
- Ola announced the Ola Electric Network Partner Program with 625 partners live, aiming for 1,000 by the festive season and 10,000 by the end of next year.
- Ecofy partners with Ola Electric to provide financing for electric two- and three-wheelers.
- Ola is listed as a transport service provider for taxi bookings on the Airports Authority of India's website.
- Ola uses NMC battery packs imported from LG Chem in South Korea, contributing to the high cost of their scooters.
- Ola uses Java and Kotlin for its Android app, Swift and Objective-C for its iOS app, Node.js for backend services, and Python for data analytics and machine learning.
- Ola's cloud telephony provider Exotel experienced a data security incident compromising sensitive customer data.
- LittleMove has become an early adopter of Ola Maps to enhance school bus tracking solutions.
📈 Ola Financials, Fundraising and Valuation News
- Ola Electric Mobility is releasing its Q2 2024 financial results on November 8, 2024, alongside other major Indian companies.
- Ola logged $361 million in sales for April-June 2024 and is seeking investor approval for an IPO.
- Ola Electric shares rose 0.75% following the launch of the PM E-drive scheme.
- Ola Electric's market cap dropped by ₹11,000 crore and share price declined by 22% from its peak after a strong start earlier this month.
- Vanguard has reduced Ola's valuation to US$2 billion.
- Ola Electric is struggling with heavy losses and a drop in EV registrations due to customer complaints, and analysts predict profitability only by FY27.
- Ola's sales dropped by 30% in September 2024, with ongoing service issues reported.
- In September, Ola's electric two-wheeler sales declined, allowing Bajaj Auto to outsell TVS Motor Company for the first time with over 17,000 units sold.
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