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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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Ola

🌎 olacabs.com

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.

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Ola - Latest News and Updates

• Ola Consumer achieved Ebitda profitability in FY24 with Rs 271 crore, despite a 21% revenue decline.
• Ola Electric is launching the Ola Adventure 2025 electric bike in India, targeting adventure enthusiasts with a focus on performance and sustainability.
• 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 co-founder Bhavish Aggarwal criticized Western countries for repurposing Indian data and selling it back as AI.

• 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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