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<keyword id="14403260" type="General" weightage="20" keywordseo="Shikharr-Sood" source="Orion">Shikharr Sood</keyword>, the head of <keyword id="6354720" type="General" weightage="100" keywordseo="ola" source="Orion">Ola</keyword>'s Talent Acquisition, and in charge of talent acquisition for the entire Ola Group, is now reportedly the latest executive to leave the firm. His resignation comes amid several resignations by top executives. Several former executives said that product complaints, unit closures, and 'act fast, think later' culture has led to recent Ola troubles, CNBC reported, adding that the company is yet to respond to the query on Sood's resignation. Meanwhile, a recent media report also said that the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut costs and streamline operations amid the ongoing funding winter. Meanwhile, a recent report said that the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut costs and streamline operations amid the ongoing funding winter. According to reliable sources, SoftBank-backed Ola has asked senior executives to find employees in their teams on a performance basis who can be asked to go. The company is reportedly looking at "leaner and consolidated teams" to keep its "strong profitability intact". Ola, which has delayed its IPO plans, has also reportedly shopped its global investment plans to further expand overseas. The company currently has nearly 1,100 employees in its core ride-hailing business and directly competes with Uber. Last month, Ola shut down its used vehicle business <keyword id="3295694" type="General" weightage="50" keywordseo="ola-cars" source="Orion">Ola Cars</keyword> as well as <keyword id="13052888" type="General" weightage="50" keywordseo="ola-dash" source="Orion">Ola Dash</keyword>, its quick-commerce business. The company shut Ola Cars within one year of its launch, as it focuses on its electric two-wheeler and electric car verticals. Ola has so far shut down <keyword id="2773874" type="General" weightage="50" keywordseo="ola-cafe" source="Orion">Ola Cafe</keyword>, food panda, Ola Foods, and now Ola Dash. Meanwhile, <keyword id="4393078" type="General" weightage="50" keywordseo="ola-electric" source="Orion">Ola Electric</keyword>, facing a government probe into battery fires along with other EV players, has also seen some high-profile exits in recent months. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/not-just-crude-gold-silver-and-even-wheat-and-edible-oil-prices-are-going-down-in-india/articleshow/92748130.cms">It’s not just crude, gold, silver and even wheat and edible oil prices are going down</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/retail/news/dmarts-growth-momentum-could-be-impacted-by-high-inflation/articleshow/92747965.cms">DMart has more stores and no disruptions like it wanted – and investors are excited</a>

Ola's talent acquisition head Shikharr Sood quits too

<ul><li><keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> co-founder <keyword id="225032" type="PERSON" weightage="20" keywordseo="Sachin-Bansal">Sachin Bansal</keyword> is pumping $91 million into the ride-hailing <keyword id="138263" type="PERSON" weightage="20" keywordseo="startup">startup</keyword>. </li><li><keyword id="6354720" type="UNKNOWN" weightage="20" keywordseo="ola">Ola</keyword>’s valuation stays at $5.7 billion. </li><li>The cab-hailing app is reportedly looking to venture into the e-pharmacy segment too.</li></ul>Flipkart co-founder Sachin Bansal has reportedly made his first investment post his exit from the e-tail giant, pumping $91 million into Indian cab hailing <keyword id="152045" type="ORGANIZATION" weightage="20" keywordseo="Unicorn">unicorn</keyword> <a href="https://www.moneycontrol.com/news/business/startup/flipkart-founder-sachin-bansal-takes-a-21-million-ride-in-ola-3387561.html">Ola</a>, which appears to be on a massive expansion spree. Bansal announced his exit from Flipkart after its $16 billion acquisition by Walmart last year. Sachin Bansal, along with former Flipkart Group CEO Binny Bansal, famously grew Flipkart from a two-bedroom apartment business to one of <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword>’s biggest e-retail giants. He reportedly sold his 5.5% stake for $1 billion in the sale Bansal had initially pumped in $21million which got him 70,588 series J preferred shares at a price of <a href="https://www.livemint.com/Companies/keHGGkLpfiI2WacfOCysCI/Sachin-Bansal-buys-stake-in-Bhavish-Aggarwals-Ola.html">₹21,250 per share.</a> The investment is said to be a part of Ola’s series J funding round. Ola could be raising <a href="https://yourstory.com/2019/01/ola-set-raise-2b-focus-evs-foodpanda-international-markets/">$2 billion</a> in the round. Ola's current investors include the likes of Tencent, Softbank, Hong Kong-based Sailing Capital among others. It is also reportedly looking at raising money from Singapore-based Temasek. However, with this investment, the valuation of the company stays the same at $5.7 billion. Bansal is reportedly putting in his own money, and not from the new $1 billion VC fund he is said to be raising. It will give Ola a financial heft in fighting its global rival Uber. Not just a cab company Ola, which has thus far focused on cab hailing, has been in a race to become India’s biggest startup and looking at venturing into other businesses. It has experimented with the Electric Vehicle market recently, bringing in <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/indian-ride-hailing-firm-ola-to-launch-10000-electric-vehicles-over-12-months/articleshow/63780448.cms">10,000</a> EV rickshaws on to Indian roads. Earlier in 2015, the company also tried its hand in food delivery with Ola Cafe. However, it had to shut down operations in just a year. Later in 2017, Ola acquired food delivery startup Foodpanda to stay in the game. Talks were also doing the rounds that Ola is also looking at entering the e-pharmacy segment with the acquisition of Bengaluru-based Myra Medicines. See Also: <a href="https://www.businessinsider.in/indias-two-startup-icons-switch-to-the-other-side-as-venture-capitalists/articleshow/67420444.cms">India’s two startup icons switch to the other side — as venture capitalists</a> <a href="https://www.businessinsider.in/indian-unicorn-flipkarts-board-approves-15-billion-deal-with-walmart/articleshow/64027810.cms">Indian unicorn Flipkart's board approves $15 billion deal with Walmart</a> <a href="https://www.businessinsider.in/how-flipkart-went-from-being-an-online-bookseller-to-indias-biggest-e-commerce-story/articleshow/64100266.cms">How Flipkart went from being an online bookseller to India’s biggest e-commerce story</a>

Watch out Uber. Sachin Bansal gets Ola share after selling Flipkart

<ul><li>Reports say that Ola has shut down <keyword id="1666592" type="PERSON" weightage="20" keywordseo="Foodpanda">Foodpanda</keyword> and let go of numerous employees. </li><li>However, an Ola spokesperson said that the company remains committed to its mission of building a superior food experience to its customers.</li><li>In 2015, the company launched Ola Cafe, which only lasted for a year.</li></ul>Ola today denied media <a href="https://www.livemint.com/companies/start-ups/ola-drops-foodpanda-delivery-lays-off-several-employees-1558463350377.html">reports</a> about the ‘shutdown’ of its <keyword id="6376068" type="UNKNOWN" weightage="20" keywordseo="food-delivery">food delivery</keyword> vertical Foodpanda. “We continue to invest in expanding our facilities and kitchens, as well as our portfolio of food offerings for customers. We remain committed to our mission of building a superior food experience for millions of our customers,” said an Ola spokesperson. According to sources, Ola now has a redefined approach to food delivery with cloud kitchens – with more focus on its own brand instead of being a marketplace. With four private labels – The Khichdi Experiment, Grandma’s Kitchen, Lovemade and FLRT, sources say that Ola is actually ramping up its current 50+ cloud kitchens. The company is also looking at opening offline stores for these brands, say sources. While media reports also say that Ola has let go of numerous employees, sources say that it is hiring for its cloud kitchen business. "As part of our ongoing business repurposing initiatives, we are focused on building a portfolio of own food brands and curated food offerings through our fast expanding network of kitchens. Many of these offerings are already available in all major cities through the Ola and Foodpanda apps,” said the spokesperson. Ola had acquired Foodpanda in 2017, after its own tryst with food delivery – Ola Cafe failed. Launched in 2015, Ola Cafe shut down operations in just a year. <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/cost-cutting-is-at-top-of-the-menu-for-ola-at-foodpanda/articleshow/67717688.cms">Reports</a> have been doing the rounds since January 2019 about Ola’s rumoured to slash investments into Foodpanda. India’s food delivery industry has seen the emergence of two big players – Zomato and Swiggy. While other players like Ola and Uber, have offered food delivery along with their ride hailing services, the food vertical seems to have not taken off well because of <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/swiggy-zomato-in-top-gear-as-ride-hailing-companies-slow-down/articleshow/69405510.cms">cash burn.</a> Ola’s struggles with food delivery aside, Uber too has been barely managing to keep up with Zomato and Swiggy. In Uber’s IPO filing, it has mentioned its offering UberEats, to say that in India it competes with Swiggy and Zomato, who have a “substantial market-specific knowledge and established relationships with local restaurants, affording them significant product advantages.” See Also: <a href="https://www.businessinsider.in/ratan-tata-invests-in-ola-electric-mobility/articleshow/69199801.cms">Ratan Tata recharges Ola’s electric mobility wing – invests an undisclosed amount</a> <a href="https://www.businessinsider.in/zomato-and-swiggy-discounts-of-concern-to-indian-restaurants/articleshow/68256281.cms">In India, restaurants have a love-hate relationship with online food delivery platforms</a>

Ola denies shutting down Foodpanda, says it has a refocused approach to food delivery

If you have logged on your <keyword id="2918717" type="UNKNOWN" weightage="20" keywordseo="ola-cab-app">Ola Cab app</keyword> today, you might have seen a new option. Yes, that’s right; you can now book a <keyword id="2918716" type="UNKNOWN" weightage="20" keywordseo="Taxi-for-sure-hatchback">Taxi For Sure hatchback</keyword> through the same old Ola Cab app. This means, there would be more cabs available at your service than before. 
 
Having acquired Taxi For Sure in March this year for $200 million, Ola has integrated the technology based cab hailing service for a more fleet of radio taxis. As per the press statement issued by Ola Cabs, this convenience of service will be available in Delhi and Mumbai and gradually be extended to other cities in next few weeks. 
 
However, for the time being only cash money can be paid against the Taxi For Sure cab bills availed through Ola. 
The news doesn’t end here. 
 
Blame it on the trolling habit of Twitter users or the inertia of Snapdeal trolling Flipkart still continuing, Uber and Ola, the two rivals in cab hailing service fought over the 160 characters. 
 
Since morning, Ola Cabs, in a major show off was inviting Taxi For Sure. 
<blockquote class="twitter-tweet" lang="en">
	
		Hey <a href="https://twitter.com/taxiforsure">@taxiforsure</a>, we have the most no. of cabs in India, we are in over a 100 cities, we even have autos &amp; a cafe. What you got?
	— Ola (@Olacabs) <a href="https://twitter.com/Olacabs/status/613937537854238720">June 25, 2015</a></blockquote>
 
 
 
This is how Taxi For Sure sheepishly replied 
<blockquote class="twitter-tweet" lang="en">
	
		Hey <a href="https://twitter.com/Olacabs">@Olacabs</a>, we give cabs at just Rs.49!
	— TaxiForSure (@taxiforsure) <a href="https://twitter.com/taxiforsure/status/613939964632395776">June 25, </a></blockquote>
<blockquote class="twitter-tweet" lang="en">
	<a href="https://twitter.com/taxiforsure/status/613939964632395776">2015</a></blockquote>
The ‘family drama’ could have ended there, if Uber didn’t have interfered and get trolled itself. 
 
Uber stated 
<blockquote class="twitter-tweet" lang="en">
	
		While they do their thing, you can continue to enjoy uberGO rides at Rs. 7/KM <a href="https://t.co/etQVHRcrwJ">https://t.co/etQVHRcrwJ</a>
	— Uber India (@Uber_India) <a href="https://twitter.com/Uber_India/status/613959137068625924">June 25, 2015</a></blockquote>
 
Instantly, Ola smartly retorted: 
<blockquote class="twitter-tweet" lang="en">
	
		<a href="https://twitter.com/Uber_India">@Uber_India</a> At 7X you mean?
	— Ola (@Olacabs) <a href="https://twitter.com/Olacabs/status/613963142901596160">June 25, 2015</a></blockquote>
 
This implicated the 7 times burn that Uber received for their surcharges. Uber, though offers cabs at a minimum rate, even cheaper than autorickshaws, is most of the time accompanied with surge pricing. Ola meant to say that Uber’s offering of Rs. 7/km is actually 7 times more than what should have been billed. 
 
Well, even then the news doesn’t end here. 
 
Twitteratis didn’t take this troll in lighter way. Some flocked together to blame how Ola never replies to people’s grievance on Twitter or customer care calls. 
 
Here’s how people showed their love for Uber. 
<blockquote class="twitter-tweet" lang="en">
	
		<a href="https://twitter.com/Olacabs">@Olacabs</a> <a href="https://twitter.com/Uber_India">@Uber_India</a> <a href="https://twitter.com/hashtag/ChaloNiklo?src=hash">#ChaloNiklo</a> Ola. Atleast they reply! <a href="https://twitter.com/hashtag/UberLove?src=hash">#UberLove</a> is still on!
	— Sristi Sinha (@snazzedout) <a href="https://twitter.com/snazzedout/status/614010185892261889">June 25, 2015</a></blockquote>
 
<blockquote class="twitter-tweet" lang="en">
	
		<a href="https://twitter.com/Olacabs">@Olacabs</a> Bro, at least <a href="https://twitter.com/Uber_India">@Uber_India</a> 7X par milti to hai. Your cab walas randomly cancel <a href="https://twitter.com/hashtag/fail?src=hash">#fail</a>
	— Rishabh Mukherjee (@rishabhm) <a href="https://twitter.com/rishabhm/status/613971114671255553">June 25, 2015</a></blockquote>
Image: Thinkstock 
 
Credits: Twitter

Ola cabs app and Taxi For Sure get into a relationship. Twitter trolls prove how complex it is

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>Good morning! It's a bright start to the week in London. Here's the tech news you need to know this morning.1. <a href="http://uk.businessinsider.com/new-apple-tv-features-details-2015-3">New details of the refreshed Apple TV may have leaked.</a> It could come with its own App Store, as well as Siri on the device.2. <a href="http://uk.businessinsider.com/ellen-pao-can-sue-kleiner-perkins-for-damages-2015-3">Interim Reddit CEO Ellen Pao will be allowed to seek punitive damages in her case against VC firm Kleiner Perkins Caufield &amp; Byers.</a> She is suing the company for gender discrimination.3. <a href="http://uk.businessinsider.com/meerkat-raises-12-million-2015-3">Video streaming app Meerkat has raised $12 million in new funding.</a> The round was led by Greylock Partners, and the valuation was expected to be around $40 million pre-money.4. <a href="http://uk.businessinsider.com/google-expected-to-face-antitrust-charges-in-europe-next-month-2015-3">Antitrust officials in Europe are expected to file charges against Google.</a> It's reportedly going to happen "soon."5. <a href="http://uk.businessinsider.com/chris-payne-replaces-sean-rad-as-tinder-ceo-2015-3">Dating app Tinder has a new CEO.</a> Former eBay executive Chris Payne is taking over from Sean Rad.6. <a href="http://uk.businessinsider.com/uber-un-women-partnership-2015-3">UN Women is no longer going to partner with Uber on an initiative to help women find jobs.</a> Uber had previously announced that it had the UN's support on the move.7. <a href="http://uk.businessinsider.com/amazon-unlocked-will-offer-free-android-apps-2015-3">Amazon is launching a service that's similar to Amazon Prime, but for Android apps.</a> It's called Amazon Unlocked.8. <a href="http://uk.businessinsider.com/apple-used-masks-and-climate-chambers-to-test-apple-watch-2015-3">ABC News was given a look inside Apple's testing process for the Apple Watch.</a> It shows Apple employees using breathing masks as they exercise.9. <a href="http://techcrunch.com/2015/03/20/amazon-loses-its-general-manager-of-payments-following-wallet-shutdown/">Amazon's VP and general manager of payments is leaving.</a> One of the products Matt Swann worked on, Amazon Wallet, was shut down in January.10. <a href="http://tech.economictimes.indiatimes.com/news/mobile/ola-order-food-delivery-olacafe/46630043">India's biggest Uber competitor, Ola, will start delivering food.</a> Ola Cafe will serve lunch, dinner and evening snacks on demand. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/evantubehd-youtube-star-evan-toys-unboxing-2015-2">This 9-year-old makes $1 million a year opening toys</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="c1M3I2czpfpUbfSp-pk66DP24nakx303" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

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Ola's talent acquisition head Shikharr Sood quits too

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