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
- Starting May 1, Ola and other app-based cab services in Pune, Pimpri Chinchwad, and Baramati will charge fares based on government-approved rates.
- The Karnataka cabinet approved a bill on April 11 to provide social security benefits to gig workers employed by companies like Ola, funded by a small deduction based on delivery distance.
- The Ministry of Heavy Industries has asked Ola Electric Mobility for more details on expanding its inadequate service network after the company's initial response was unsatisfactory.
- The Maharashtra government issued a notice to Ola Electric Mobility Ltd for operating several showrooms and service centers without necessary trade certificates, accusing them of illegal vehicle sales.
- Ola Electric launched 'HyperDelivery' in Bengaluru, allowing customers to ride out on an electric scooter within 1 hour from an Ola Experience Centre, with plans to expand to more cities this quarter.
- The Karnataka government will collect a 5% cess from Ola and other companies to support gig workers.
- Ola Electric has launched 'HyperDelivery' for same-day vehicle registration and delivery by using AI to automate and bring the registration process in-house.
- Ola CEO Bhavish Aggarwal announced that the Krutrim AI assistant version two, featuring 'DeepSearch', will be released in April.
👔 Ola CEO, Management and Leadership Team
-
Chief Marketing and Revenue Officer, Ola Group
[email protected] -
Chief of Staff-CEO Office[email protected]
-
Chief Executive Officer[email protected]
-
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
- Srikanth Vidapanakal, former director of AI at Ola Electric, announced he is founding a new robotics startup called xSpecies AI, focusing on developing AI software and hardware for general-purpose robots.
- An Ola Cabs software developer in Bengaluru has 12 years of experience.
- 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 Financials, Fundraising and Valuation News
- Ola's electric vehicle arm has lost nearly 70% of its value since its 2024 IPO, facing declining sales, regulatory scrutiny, and supplier issues.
- 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 reported to the Ministry of Road Transport and Highways that its February sales included 10,866 third-generation e-scooters and 1,395 Roadster X motorcycles as confirmed orders.
- 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.
People also viewed
- Yango |
- Perplexity |
- Maxim Indonesia |
- Character |
- Replika |
- Microsoft
