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Rediff.com Business 10 facts you didn't know about Ola

10 facts you didn't know about Ola

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Last updated on: November 18, 2015 16:00 IST

Cab-hailing service Ola is on the fast track on the back of a $500 million funding
from investors including Japan's SoftBank Group, Baillie Gifford, Falcon Edge,
Tiger Global and DST Global.

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Image: Ola is now present across 100 cities in India. Photograph, courtesy: Ola

ake a look at 10 facts you didnt know about Ola

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software engineer
from US is
making farmers
richer!

* Ola, started by two IITians, Bhavish Aggarwal and Ankit Bhati, has now raised a total of $1.3
billion (Rs 8,600 crore).
* At $5 billion (Rs 33,058 crore), Ola is the third-most valuable venture-backed company in
India after online retail giants Flipkart and Snapdeal.

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* Set up in 2011 with operations only in Mumbai, Ola is now present across 102 cities in India.
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* The company has seen an astounding rise, growing 30 times in the last one year.
* Ratan Tata has acquired a stake in OlaCabs in his personal capacity.

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* The company has a network of more than 3,50,000 cars.

* According to the company, it receives over one million booking requests a day.
* OlaCabs bought Bangalore-based cab service TaxiForSure for about $200 million in March
2015.

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* Ola has acquired Geotagg, a trip-planning applications company.

*As competition is heating up, Ola may step on the accelerator to triple the number of
bookings to about 3 million by the end of FY16, and apparently is also looking at newer

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business models such as car pooling and ride sharing and is most likely to rope in more
entrepreneurs to scale up operations to tier-2 cities as well.
Related News: Ola Cabs, DST Global, GIC, India, Baillie Gifford

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Total 3 messages

Pages | 1

OLA THE .....FACTS.....!

by Shrinivas Narahar Kulkarni (View MyPage) on Nov 18, 2015 04:26 PM | Hide replies
Ola .... Cheats every one, it can....! By the ways of false promises to upcoming entrepreneurs like new cab owners.
In Pune initially they offered a good package to the cab owners, and at the time of registering their vehicles with
OLA, they reduced the package drastically, even refused to pay compensation package already agreed. Better talk
to Pune Cab Owners....!!
Forward | Report abuse
Re: OLA THE .....FACTS.....!
by ravichandran viswasam (View MyPage) on Nov 18, 2015 05:04 PM
Not only in Pune it is everywhere. They cheat passengers too by peak time charges.
Forward | Report abuse

11th Fact
by ravichandran viswasam (View MyPage) on Nov 18, 2015 04:18 PM
And the 11th FACT is that they don't operate during rainy season. in Chennai I was not able to book a cab for 3
days.
Forward | Report abuse

Total 3 messages

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18-Nov-15 7:56 PM