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 Electric's share price increased by 6% after the company refuted sales decline allegations and addressed regulatory scrutiny related to vehicle registration discrepancies.
- Ola introduced Road Trip Mode in MoveOS 5 for S1 riders, featuring multi-stop trip planning, shared navigation, and public ride sharing.
- Ola Electric is addressing inquiries from the ministries of heavy industries and road transport about discrepancies between vehicle registrations and sales figures, as well as trade certificate compliance issues.
- The Maharashtra government has ordered a special inspection of all Ola Electric stores in the state for trade certificates between March 20 and March 27.
- The government has asked ARAI to investigate Ola Electric's sales figure discrepancies and consumer complaints.
- Pune RTO seized 36 e-scooters from Ola Electric stores due to allegations of misusing a single trade certificate for multiple outlets.
- The Heavy Industries Ministry has directed ARAI to investigate Ola Electric's sales figure discrepancies and consumer complaints, with a report due in 15 days.
- Rosmerta has filed two insolvency petitions against Ola, seeking around Rs 22-25 crore in dues for vehicle registration and associated services.
👔 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
- CA Sakshi Malang has left Ola as Assistant Manager - Indirect Taxation in India to join Meesho as Assistant Manager.
- Bhavish Aggarwal, founder of Ola, has mandated all employees to submit weekly accomplishment reports, mirroring a recent directive by Elon Musk.
- CA Sudhakar Reddy has joined Ola as an Assistant Manager in India, previously working as an Independent Consultant at Self Employed.
- Ola is hiring software developers at all experience levels to build a next-generation public cloud platform, as announced by Udit Mital, Generative AI at Ola Krutrim.
- Ola is hiring Software Developers for its Maps team, specifically seeking an SDE - II Android Developer.
🤖 Ola Developer, Integration and Automation News
- Ola partners with Lenovo to build India's largest supercomputer, Krutrim 3, with 700 billion parameters, following Bhavish Aggarwal's Rs 2,000 crore investment in AI.
- Ola is providing a digital and green mobility experience for visitors at the Maha Kumbh through a partnership that uses AI and digital-first solutions.
- In February, Ola Electric sold 25,000 scooters but only 8,390 were registered on the VAHAN website due to vendor contract renegotiations.
- Ola offers a straightforward process for car owners to partner with them, including eligibility checks, registration, agreement signing, device installation, and training.
📈 Ola Financials, Fundraising and Valuation News
- Ola Consumer achieved Ebitda profitability in FY24 with Rs 271 crore, despite a 21% revenue decline.
- Ola reported a net loss of Rs 564 crore for Q3 FY25, with revenue dropping 19% to Rs 1,045 crore compared to the same period last year.
- Ola Electric, led by Bhavish Aggarwal, will announce its Q3 financial results on February 7, 2025, amid the launch of its new Gen 3 scooters.
- Ola Electric, backed by SoftBank, is saving about $10.3 million monthly from a cost-cutting program started in November, despite reporting a wider quarterly loss.
- Ola Electric is cutting regional warehouses and optimizing costs to save approximately INR 30 crore monthly in a push for profitability.
- Ola achieved EBITDA profitability in FY24 despite a 21% revenue decline to ₹2,368 crore and expanded its mobility and financial services segments.
- Ola achieved profitability in mobility and financial services with an EBITDA of Rs 271 crore in FY24, and launched premium cab services and digital payments.
- Ola reduced its net loss by 57% to ₹328.5 Cr in FY24 but faced a 5.48% drop in operating revenue amid cost-cutting and layoffs.
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