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Brought to you by RivalSense - an AI tool for monitoring any company.

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

• The Competition Commission of India rejected Fast Track Call Cab Private Limited's request for urgent interim relief against Ola, despite acknowledging the need for an investigation into alleged anti-competitive practices.
• 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.
• In 2024, Ola maintained over 36% market share in India's electric two-wheeler market, despite increased competition and a decline from its earlier 49% share.
• Ola's 2D animated tutorials on booking rides and using wallet features have effectively boosted user adoption and revenue.
• Ola users have reported fare surges of Rs 100 to Rs 200 when modifying pick-up locations, especially when their phone battery is low.

• Parag Patil, a former international athlete and Olympian, now drives an Ola cab in Mumbai to support his family.

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