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
- Ola is decreasing cab fares in Patna, Bihar, affecting drivers' ability to meet financial needs.
- Ola's shares have dropped over 3% to 87.46 rupees after India's Ministry of Heavy Industries ordered an audit due to numerous service complaints.
- The Central Consumer Protection Authority has directed Ola to provide consumers with a choice of refund modes, citing unfair trade practices, while Ola Electric faces scrutiny from the Automotive Research Association of India over its pricing strategies.
- The Central Consumer Protection Authority has ordered Ola to offer refund options and issue ride receipts after receiving over 2,000 complaints about overcharging and delayed refunds from January to October 2024.
- The Central Consumer Protection Authority (CCPA) has directed Ola Cabs to allow customers to choose their preferred refund method, enhancing consumer rights.
- The Central Consumer Protection Authority directed Ola to offer bank account refund options and issue auto ride receipts after identifying unfair trade practices in their refund policy.
- The Central Consumer Protection Authority has ordered Ola to allow users to choose their refund method and provide receipts for auto rides due to regulatory scrutiny over customer complaints.
- India's Heavy Industries Ministry ordered an audit of Ola Electric's service centers after 10,000 consumer complaints, causing Ola's shares to drop 40% and raising concerns about its eligibility for government incentives.
👔 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
💼 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.
🤖 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 Electric's S1 scooters now feature the MoveOS 4 software with over 100 new enhancements, including India-specific Ola Maps and biometric security.
- 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.
📈 Ola Financials, Fundraising and Valuation News
- 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.
- SoftBank’s $250 million investment in Ola Electric soared to a $1 billion valuation.
- Ola's stock listed at a 17% increase.
- Ola Electric shares were expected to list at a 5-10% discount.
- Ola raised Rs 2,763.03 crore from anchor investors by offering 364 million shares.
- Ola Electric's IPO grey market premium crashed 75% while the retail portion was booked 2.6 times on Day 2.
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