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1 min read
Ola Cabs loss widens to Rs 3,082 crore in FY22
Ride-hailing company Ani Technologies Pvt Ltd, popularly known as Ola Cabs, saw its loss widening t…
PTI
1 min read
Ola's valuation slashed by more than half by Vanguard
Leading US asset manager Vanguard has further slashed its holding in ride-hailing major Ola by more…
2 mins read
Bhavish Aggarwal gives 500 Ola cabs to transport doctors and medical workers during coronavirus
The Deputy Chief Minister of Karnataka confirmed the news on Twitter. Considering that …
1 min read
Ola races for a London launch as Uber loses licence— and it has facial recognition to vet drivers
Ola is now onboarding drivers in London, days after Uber’s licence in London was revoked. The In…
2 mins read
Ola is shedding flab and getting a makeover as it rides to a big-bang IPO in 2 years
Ola’s founder Bhavish Agarwal knows that investors on Dalal Street like leaner and meaner organis…
2 mins read
Ola restructuring biz ahead of IPO, narrows losses
New Delhi, Nov 28 () Ride-hailing major Ola is undertaking a restructuring exercise ahead of its pl…
PTI
2 mins read
India’s antitrust watchdog rejects radio taxi Meru’s plea against Uber, says there is an 'ever-expanding pool of drivers' available
CCI has rejected radio taxi service Meru’s plea alleging that cab hailing app Uber abused its domin…
1 min read
Ola spends heavily to maintain lead, ends up in losses
Ola had earned total revenue of Rs 421 crore in the same period, which was an eight-fold increase o…
9 mins read
BI Investigation: Business models akin to Amazon and Uber’s aren’t working for Indian startups
Valuations are normally decided according to a company’s market share, its gross margins, and its r…
1 min read
Meru Cabs slashes Delhi fares by 25%, criticises Uber and Ola for surge pricing
Meru’s new rates will come into effect from Friday and would run till the mid of May, and which can…
4 mins read
EXCLUSIVE: Meru CEO isn’t afraid of competition from Uber and Ola. He thinks there is enough place to co-exist
We analysed this industry 2007 and believed that the potential is pretty huge. We knew that a…
4 mins read
One of India’s youngest billionaires, Ola’s Bhavish Aggarwal, is talented— but he was also in the right place at the right time
While Aggarwal deserves the credit for Ola’s success, there were also other factors that aided…
2 mins read
Win For Customers as Taxi Companies Like Olacabs, Uber Cut Fares In Delhi, Others May Follow
According to industry estimates, taxi companies are struggling to keep pace with rising demand & on…
Economic Times
2 mins read
Suzuki just lost nearly $2 billion in 2 days because of what’s happening in India
Thousands of miles away from India, the share price of Suzuki is taking the beating for Indians shy…
2 mins read
Here’s why Uber and Ola are experiencing a decline in their daily ride growth
After exponential growth in the last few years, it seems that the Indian taxi-hailing market is slo…
1 min read
Uber has zoom past Meru, Easy Cabs
According to a filing with the Registrar of Companies (RoC), Uber’s revenues in India grew over fi…
2 mins read
Amazon invests $12 mn in Indian insurance start-up Acko
After losing out on its offer to buy 60% stake in Flipkart, Amazon continues undeterred with its in…
2 mins read
Bleeding bad: Ola roughly spent Rs 4 for every rupee earned during 2015-16
"They spent almost Rs 8.5 for every rupee earned in 2014 -15. That number is down to almost Rs 4 fo…
6 mins read
India's largest two-wheeler maker, biggest beer brewer and aluminum producer are smaller than startups like Byju's, Paytm, and OYO
Byju’s, Paytm, OYO and Ola are currently valued higher than Ashok Leyland, Indian Hotels and Escort…