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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

• A customer is planning to file a lawsuit against Ola for allegedly overcharging with extra fees and dynamic pricing.
• Ola, along with other ride-hailing companies, is transitioning to a subscription-based model for auto-rickshaw and cab services, arguing that they are not liable for GST as they do not process passenger payments directly.
• On March 1, Mayank Kulshrestha, Regional Head at Ola, arranged a crucial meeting at the GST Council to discuss tax reforms and business impact.
• Ola Electric is cutting regional warehouses and optimizing costs to save approximately INR 30 crore monthly in a push for profitability.
• Ola Cabs will participate in the 14th edition of the Big CIO Show in Bengaluru on March 20.

• 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.
• In February, Ola Electric sold 25,000 scooters but only 8,390 were registered on the VAHAN website due to vendor contract renegotiations.

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