Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Pune, Jun 5 () Ride-hailing major Ola on Friday said it has resumed its services in Pune with necessary safety and precautionary measures. Along with Pune, Ola will also be offering its services across major cities such as Mumbai, Nashik, Nagpur, Aurangabad, Solapur, and Amravati. Citizens across these cities will now be able to book both in-city and out-station trips (intra-state only) for their essential travel needs, the firm said in a release. The release said that the firm has also introduced five layers of safety that include strictly adhering to steps that ensure the highest standards of safety and hygiene for every ride. "This includes compulsory mask usage for driver-partners and passengers, deep sanitisation of cars before and after rides, amongst others. A flexible cancellation policy has also been introduced that allows either the passenger or driver-partner to cancel the ride if they feel the other party is not following the rules or not wearing a mask," the release stated. Ola has mandated all vehicles on the platform to follow hygiene and safety standards that will include the cars being cleaned and sanitised before every ride. Dedicated fumigation centres will also be set up across Pune and other cities in Maharashtra to fumigate vehicles and screen driver-health every 48 hours. Anand Subramanian, spokesperson for Ola, said that as per the latest guidelines issued by the Maharashtra government, driver-partners operating three and four-wheelers will be able to serve the mobility needs of Punekars through the Ola platform. "We are thankful to the Maharashtra state government for bringing relief to thousands of auto-rickshaw, kaali-peeli and cab driver-partners whose livelihoods have depended on mobility," he said. Complying with state government regulations, Ola cabs will operate with one driver and two passengers in cabs and auto-rickshaws. SPK MKJ MKJ

Ola resumes services in Pune with safety measures

<keyword id="6354720" type="PERSON" weightage="100" keywordseo="Ola">Ola</keyword> is now planning to take its sharing feature to a whole new next level. The Bengaluru-based ride hailing company is considering an expansion of its ride-sharing feature beyond taxis to any and every mode of transport it operates in currently, such as auto rickshaws or kali peelis, Mumbai's traditional cabs. 
 
The company is also looking forward to extend the feature to Ola rentals and outstation, which enables inter-city travel, hoping that sharing will further cut down prices and make the offering more attractive. 
 
The company is also exploring the share feature on its platform and hopes to make the rides cheaper for commuters. 
 
"Ride sharing is the future. It brings costs down and is good for the environment especially in a supply-constrained markwith an increasing demand. This is one of the biggest bets for the company in the future, which is why it is "doubling down, on it,” an official told ET. 
 Chief executive of Ola, Bhavish Aggarwal, said “ride sharing not just brings down the cost for the user but also improves the "bottom-line, for the company since the "asset is utilised better with more than two people sharing it. When it launched <keyword id="3814516" type="UNKNOWN" weightage="20" keywordseo="ola-outstation">Ola Outstation</keyword>, one of the company's newest offerings, it expected to significantly bring down the cost of travelling in a private vehicle between popular circuits such as Delhi-Jaipur-Agra or Mumbai-Pune.” 
 "Imagine you can get to a place at onethird of the cost of a normal taxi by sharing the ride,, he added. Aggarwal had also said that Ola is registering fast growth for its car-pooling service, <keyword id="3071535" type="UNKNOWN" weightage="20" keywordseo="Ola-Share">Ola Share</keyword>, which it expects to account for a majority of the business by next year. "The matching rates on Ola Share are the best in the world, at 80%,” he said.

Ola is looking forward to introducing ‘Ola Share’ in auto rickshaws, black-yellow taxis

New Delhi, Mar 20 () Ride-hailing firm Ola has suspended shared rides temporary in an effort to curb spread of coronavirus that has killed over 10,000 persons so far globally. "In our efforts to curb the spread of COVID-19, we are temporarily suspending the 'Ola Share' category until further notice," the company said in a statement on Friday. Ola users have an option to take ride that can be shared with other customers which costs less than standalone ride. "The temporary suspension of Ola Share services is an attempt to encourage social distancing for all cases of essential travel for citizens," the statement said. The company said it will continue to provide micro, mini, and prime as well as rental and outstation services rides. PRS HRS

Ola temporary suspends share rides

A notable one among youngest millionaires, Ola Founder Bhavish Aggarwal is an inspiring personality who rose to fame through luck, smart work as well as hard work. Here are a few interesting facts about Bhavish Aggarwal, you might not have known so far. A native of Punjab Bhavish Aggarwal was born in Punjab on 28 August 1985. He is an independent entrepreneur in every sense of the term. In an important turn in his life, he co-founded Ola cabs. A former student of IIT, Bombay Bhavish completed his bachelor’s degree in computer science from Indian Institute of Technology (IIT) Bombay. Starting off his career Microsoft gave the first platform for Bhavish to start his career. He worked with this company for about 2 years. During his tenure, he filed two patents. He too published 3 papers in international journals. Founded Ola cabs In the year 2011, Bhavish co-founded Ola Cabs with Ankit Bhati in Mumbai. Within a time span of four years, Bhavish and his co-founder Ankit Bhati were the youngest to be listed among the richest Indians for the year 2015. How Ola Cabs came up In one of his business journeys, Bhavish travelled from Bangalore to Bandipur. He rented out a car and the entire episode ended up in a bad tone. The driver stopped on the way and started demanding more than what was agreed upon initially. When he was refused, the driver abandoned him on the way before the destination. Bhavish understood this was the plight faced by several other travelers booking cars. Bhavish wished to find a car rental company that will assure a great customer experience combined with economical prices. Tapped the potentials in car booking Bhavish foresaw great potential in car booking business. In 2010, he co-founded Ola Cabs with Ankit Bhati. His parents in fact did not like the idea of Bhavish jumping into a sort of travel booking agent’s job. Nevertheless, when Ola Cabs received its first round of funding from two angel investors, Bhavish’s parents started believing that he has some workable ideas. The Ola Cabs model Ola Cabs did not resort to the model of buying and renting its own cars. Instead, it partnered with a number of taxi drivers and moved the entire set up to a sophisticated step forward. As per the Ola Cabs model, people could book cars within a short while from the comfort of their phones. The bookings that were accepted were half or full-day rentals and also outstation taxi services. Ola Cabs offers the widest set of options to the customers including Mini, Prime, and Luxury. The most economical cabs Right from the time of its inception, Ola Cabs depended on SoftBank for is funding needs besides pooling investments from Angel Investors. They also started charging lesser than what the auto-rickshaws charged. Ola Cabs offered taxi bookings for dead cheap prices at Rs.10 per km. Ola Cabs expansion Ola Cabs has recently ventured into providing auto-rickshaw booking services following the launch of Ola Auto. It is now possible for customers to find autos on-demand on the Ola Auto app. Read Also about other Personalities - <a href="https://www.businessinsider.in/10-interesting-facts-about-ratan-tata-that-you-should-know/articleshow/69914798.cms">Facts about Ratan Tata</a> <a href="https://www.businessinsider.in/interesting-facts-about-oyo-founder-ritesh-agarwal/articleshow/70417612.cms">Ola founder Ritesh Agarwal</a> <a href="https://www.businessinsider.in/unknown-facts-about-flipkart-founder-sachin-bansal/articleshow/70494717.cms">Flipkart founder Sachin Bansal</a>

Interesting facts about Ola founder Bhavish Aggarwal

Cab aggregator <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> posted a consolidated loss of over Rs 2,311 crore -- about Rs 6 crore a day -- during fiscal 2015-16, on account of heavy advertising and promotional expenses and high employee cost, as per a news report by PTI.The Bengaluru-based firm, which is locked in an intense battle for leadership with US-based Uber, has seen its losses widen about three times from Rs 796.11 crore in 2014-15, Ola said in a filing with the Ministry of Corporate Affairs.<keyword id="2200842" type="UNKNOWN" weightage="20" keywordseo="ANI-Technologies">ANI Technologies</keyword> -- which runs Ola -- did see its revenues registering a stellar growth at Rs 758.23 crore during 2015-16 compared to Rs 103.77 crore in the previous fiscal.Emails by PTI sent to Ola remained unanswered.<keyword id="2385099" type="UNKNOWN" weightage="20" keywordseo="Anchal-Agarwal">Anchal Agarwal</keyword>, co-founder of research and analytics firm <keyword id="4159482" type="UNKNOWN" weightage="20" keywordseo="Tofler">Tofler</keyword> said while the absolute amount of losses have indeed widened, the loss margin has "reduced considerably"."They spent almost Rs 8.5 for every rupee earned in 2014 -15. That number is down to almost Rs 4 for every rupee earned for 2015-16. With the pull-back in incentives etc in recent months, it's possible this has now dropped to levels at par with e-commerce companies that spend roughly Rs 2-3 for every rupee earned," she added.The consolidated numbers include financials of ANI Technologies, Ola Fleet Technologies (leasing business), <keyword id="1062211" type="UNKNOWN" weightage="20" keywordseo="Serendipity-Infolabs">Serendipity Infolabs</keyword> (Taxi For Sure) and Zipcash Card Service (46 per cent ownership).In August 2016, Ola shut down the TaxiForSure (TFS) business, about 18 months after acquiring the rival for USD 200 million.As per the filing, Ola's losses were widened on account of employee related expenses rising over five-fold to Rs 461.60 crore in the said fiscal from Rs 85.16 crore in 2014- 15. Similarly, Ola expanded its advertising and promotional expenditure to over Rs 437.89 crore in 2015-16 from Rs 99.84 crore in the previous year.Both Ola and Uber have loosened their purse strings to bring more riders and driver partners on board, offering them discounted rides and incentives, in a bid to wrest control of the lucrative Indian market.Over the last few years, the explosion of smartphones in India the world s second largest telecom market in terms of subscriber base has made it more convenient for consumers to book a cab on the go through apps and secure payment options.Companies like Ola and Uber have made booking a taxi ride as easy as a couple of quick taps on the phone screen.Since ANI Technologies is not a publicly-traded company, it is not obligated to disclose quarterly performance. It has raised investments of over USD 1.5 billion from investors, including <keyword id="163404" type="COMPANY" weightage="20" keywordseo="Softbank">SoftBank</keyword> Group, Tiger Global, Matrix Partners, Steadview Capital, <keyword id="270604" type="ENTERTAINMENT" weightage="20" keywordseo="Sequoia">Sequoia</keyword> India, Accel Partners US and Falcon Edge.In November, Ola raised about USD 250 million from SoftBank, albeit at a lower valuation of USD 3 billion (compared to USD 4.5 billion earlier). The company's Board has recently approved a proposal to raise another USD 100 million from investors, which it said would be "primarily to fund its expansion plans".Ola, which has a presence in 110 Indian cities compared to Uber's operations in 29 cities, has been aggressively expanding its portfolio of services. It has a number of offerings like Micro (affordable), Mini, Prime (sedan), Lux (luxury), Outstation, Share (shared rides), Auto, Rentals, Shuttle (buses) and e-rickshaw. Ola, which claims to have over 6,00,000 vehicles across cabs, auto-rickshaws and taxis, is also placing big bets on new technologies like electric vehicles to stay ahead of competition

Bleeding bad: Ola roughly spent Rs 4 for every rupee earned during 2015-16

<a href="http://www.businessinsider.in/searchresult.cms?query=cab+services&amp;sortorder=effectivedate">Cab aggregator</a> <a href="http://www.businessinsider.in/searchresult.cms?query=ola&amp;sortorder=effectivedate">Ola</a> spent heavily, almost double of what it earned to maintain its number one position and ended up in losses. 
 <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> recorded a loss of Rs 796 crore for FY15, as per regulatory filings made by the firm. 
 
Ola had earned total revenue of Rs 421 crore in the same period, which was an eight-fold increase over the previous year. 
 
ANI Technologies, which owns Ola, said majority of its revenue came from car rental service at around Rs 380 crore and earned Rs 2.26 crore through commission on taxi services. 
 
Presently, Ola is doing everything it can to maintain its lead over <a href="http://www.businessinsider.in/searchresult.cms?query=uber&amp;sortorder=effectivedate">Uber</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=taxiforsure&amp;sortorder=effectivedate">TaxiForSure</a> – that are deepening their presence in India. 
 
To maintain the competition, Ola recently started outstation and rental categories to spread its wings over the transportation industry.

You Searched For "ola outstation services" and got 6 results

Ola resumes services in Pune with safety measures

PTI

Ola is looking forward to introducing ‘Ola Share’ in auto rickshaws, black-yellow taxis

BI India Bureau

Ola temporary suspends share rides

PTI

Interesting facts about Ola founder Bhavish Aggarwal

BI India Bureau

Bleeding bad: Ola roughly spent Rs 4 for every rupee earned during 2015-16

BI India Bureau

Ola spends heavily to maintain lead, ends up in losses

BI India Bureau

Popular Keywords

Buying Guides