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 is launching the Ola Adventure 2025 electric bike in India, targeting adventure enthusiasts with a focus on performance and sustainability.
- Ola launched the Roadster X with prices starting at ₹74,999, offering three battery variants with ranges up to 200 km and top speeds up to 124 kmph.
- Ola Krutrim has started offering services of the Chinese AI platform DeepSeek in India.
- Ola launched its Gen 3 EVs with a range of up to 320km, featuring the new MoveOS 5 and patented 'Brake by Wire' technology, and expanded its presence in India with 4,000 stores by December 2024.
- Ola announced instant loans up to 10 lakhs starting at 0.91% per month available through their app.
- Ola is set to launch the Arrowhead Electric Sports bike in India, featuring MoveOS 5 and advanced functionalities like Smart Charging and Voice Assistant, with an expected ex-showroom price of 1.50 lakh INR.
- Auto-rickshaws and taxis linked to Ola will strike from February 1, demanding a shift from commission-based to subscription-based charges and compensation for drivers' families in case of accidents.
- Ola denied claims of fare disparity based on mobile operating systems in response to a notice from the Central Consumer Protection Authority.
👔 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
- Suvonil Chatterjee resigned as Chief Technology and Product Officer of Ola Electric on November 30, 2024, creating a leadership gap amid declining sales and expansion challenges.
- Ola Electric's Chief Technology Officer Suvonil Chatterjee and Chief Marketing Officer Anshul Khandelwal have resigned amid ongoing negative publicity about the company's scooter after-sales performance.
- N Balachandar, Senior Vice President and Group Chief People Officer of Ola, resigned in November 2024 to start his consultancy firm amid high-level exits and layoffs at the company.
- N Balachandar, Ola's Group Chief People Officer, has resigned.
- Ola is currently hiring for the position of Associate Director - Credit Risk in India.
- Suvonil Chatterjee and Anshul Khandelwal resigned from Ola Electric, adding to a series of senior-level exits across the Ola group amid declining market performance.
- Manikandan Gunasekaran has left Ola as Director of Engineering to join Flipkart as Senior Engineering Manager in India.
- Ola CEO Bhavish Aggarwal criticized employees for poor attendance in a leaked message, urging them to show up to work and take responsibility.
🤖 Ola Developer, Integration and Automation News
- 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.
- Bhavish Aggarwal, founder and CEO of Ola, announced that Krutrim will power the LLM services for the Kumbh Sahayak app, an AI chatbot unveiled by Prime Minister Narendra Modi for the Maha Kumbh Mela 2025.
- ChooseApp has partnered with Ola to allow users to compare and book rides from various cab aggregators in India.
- Ola is experiencing issues with hourly scheduled reports in JasperSoft Report Server, leading to job failures.
- Ola offers a straightforward process for car owners to partner with them, including eligibility checks, registration, agreement signing, device installation, and training.
- Ola Electric and Olacabs are collaborating to rapidly increase the adoption of their Gig product for two-wheeler commercial vehicles.
📈 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 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.
- Ola Electric CEO Bhavish Aggarwal stated that the company needs to sell 50,000 EVs monthly to be profitable, having sold 25,000 units in January to reclaim market leadership.
- In December 2024, Ola Electric's scooter sales dropped to third place with 13,769 units sold, reducing its market share to 18.78% from 24.54% in November.
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