Hyundai-Kia’s $300 Mn investment in Ola faces CCI roadblock

Hyundai and Kia Motors’ $300 million investment plan in ride-hailing juggernaut Ola may not go smoothly as Competition Commission of India(CCI) has reportedly put a question mark on the nature of the deal. According to a report, the antitrust watchdog had asked Ola’s parent, ANI Technologies, to define the company’s competitive landscape. However, the company […]

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Ola Shutting Down TaxiForSure, Hundreds to Be Laid Off

HIGHLIGHTS Ola acquired TaxiForSure (TFS) in 2015 Most senior TFS executives have quit since then Ola is reportedly closing TFS and laying off around 700 A little over a year ago, Ola acquired rival TaxiForSure in a $200 million (roughly Rs. 1,240 crores) deal that saw the two services merge. Soon after that, you were […]

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Ola says it raised Rs384 crore from Vanguard Group in December 2015

Ola’s last publicly announced round in November last year, when it raised $500 million, valued the company at about $5 billion. Photo: Hemant Mishra/Mint Bengaluru: Ride-hailing service Ola (ANI Technologies Pvt. Ltd) disclosed on Wednesday that it raised Rs.384 crore ($57.3 million) in December from a US-based investment management firm, close on the heels of […]

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Uber turns to Bengaluru’s tech talent to beat Ola

San Francisco-based ride hailing company Uber was forced to develop a mechanism for accepting cash payments from customers in India, given the extremely low penetration of credit cards in the country. Seen as an inconvenience at first, the company has exported the solution to other emerging markets such as Vietnam and Indonesia. To mine the […]

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Ola to extend auto service to eight more cities

Even as rival Uber shut its auto-rickshaw service it piloted in Delhi late last year, domestic rival Ola is aggressively expanding its auto service in newer cities. The Bengaluru-based taxi aggregator which is backed by Tiger Global, Softbank and Chinese taxi hailing service Didi Kuaidi is now planning to launch the service in eight more […]

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Ola Shuts Down Ola Store and Ola Cafe

Ola has officially shut down its food and hyperlocal delivery services Ola Café and Ola Store, which were launched as pilots in March and July 2015 respectively. The Ola Café category no longer appears as a listing, we were unable to place orders on the Ola Store at the time of writing. An email announcing […]

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