Ola | Pixr8 News

Doubts Surrounding Over Investors Backing Both Uber and Didi in China

17Jun By AnkitaNo Comments

News

Doubts Surrounding Over Investors Backing Both Uber and Didi in China

Ride-hailing companies Uber and Didi have brought many new dimensions to the startup industry, such as making billion-dollar-plus funding rounds routine. Now, they have added another to the list: sharing big investors who are backing both companies, even though they are fierce rivals. Uber, the leading ride service in the United States and much of the world, and Didi Chuxing, which claims 87 percent of the Chinese market for private vehicle ride-hailing, now share at least four investors: asset manager BlackRock, Chinese investment manager Hillhouse Capital Group, hedge fund Tiger Global and insurer China Life, according to investment records and sources familiar with the deals. "It's very unusual to allow the same parties to invest and get information rights of sworn mortal enemies. ...

Ola Launched New Mobile App ‘Ola Operator’ For Entrepreneurs

5Jun By NitishNo Comments

News

Ola Launched New Mobile App ‘Ola Operator’ For Entrepreneurs

Ola, one of India's most popular mobile app for transportation, on Friday announced the launch of a first of its kind mobile technology solution with its new 'Ola Operator' app - built for entrepreneurs who have grown from one car to many on the Ola platform over the years, as well as operators who own cars, but employ drivers, to work on the platform. With this launch, Ola aims to add tens of thousands of new Operators onto its platform, including driver-partners who have turned entrepreneurs, operators in the business of transportation, as well as aspiring first-time entrepreneurs who would like to be part of the mobility ecosystem with minimal time commitment. This mobile app will help bring in immense efficiency to manage a single vehicle, to a large fleet, that an operator may o...

Now Book Ride in Jaguar at Rs 19/km Using Ola Lux

28May By AdityaNo Comments

News

Now Book Ride in Jaguar at Rs 19/km Using Ola Lux

Country's largest taxi aggregator Ola, which recently launched a riding offer at as low as Rs 6/km, today introduced luxury service Ola Lux in the city, under which a rider can choose from a slew of luxe cars. The company said under the new scheme, a passenger can book a Jaguar, Merc, Audi, BMW, Fortuner, Honda Accord for a minimum fare of Rs 200 and charged at Rs 19/km. A ride time charge of Rs 2/min is also applicable, it said. The new chic category is available across south Mumbai to begin with, and would be introduced to other parts of the city soon, Ola Chief Marketing Officer Raghuvesh Sarup said. "With a growing number of young executives, entrepreneurs and professionals, the need for on-demand luxury sedans is growing tremendously in cities," Sarup said, citing t...

Delhi Govt Notifies App-Based Premium Bus Services

24May By NitishNo Comments

INDIA

Delhi Govt Notifies App-Based Premium Bus Services

The Delhi government has notified the app-based Premium Bus services starting from June 1 which will enable people to book their seats in buses through their smartphone on the lines of app-based taxis services in the national capital. Only air-conditioned buses will ply under the scheme according to which one bus aggregator will have to run at lease 50 vehicles to get a licence from Delhi governments Transport department. A senior government official said, "Government has notified the app-based bus scheme to be rolled out from from June 1." While announcing the scheme last month, Delhi Transport Minister Gopal Rai had said that bus aggregators will have an individual app like Ola, Uber and they will be allowed to decide their fares, but if need arises government will prescribe upp...

The Delhi Commission For Women Issues Notice To App-Based Taxi Services in Delhi

14May By Press Trust of IndiaNo Comments

INDIA

The Delhi Commission For Women Issues Notice To App-Based Taxi Services in Delhi

The Delhi Commission for Women has issued notice to five app-based taxi services including Ola and Uber seeking to know the number of taxis which operate under their banner in the national capital and number of drivers whose details have not been duly verified. The DCW, which has taken suo-motu cognisance of the threat to women's safety posed by unregulated taxi aggregators in Delhi, has also sought to know the extent of compliance by these taxi operators of the prevalent rules and regulations imposed by the Delhi government. DCW has also sought details of the drivers who possess the Public Service Vehicle Badge issued by the Transport Deptartment. "Of the drivers operating under the banner of your company, how many drivers have licenses from outside the state? Please provide st...

SoftBank’s Profit Drops, But India Investments Show Traction

11May By Press Trust of IndiaNo Comments

BUSINESS

SoftBank’s Profit Drops, But India Investments Show Traction

Japanese telecom giant SoftBank today said its investee companies in India - Snapdeal, Oyo Rooms, Ola and Hike - saw good traction even though its own profits dropped 27 percent for the fiscal ended March. SoftBank's sales for 2015-16 totalled 9.15 trillion yen ($84 billion), up nearly 8 percent from the previous financial year. Chief Executive Masayoshi Son said the Indian companies in which SoftBank has invested are growing, which include games, online messenger, and retail businesses. According to the investor presentation, e-commerce major Snapdeal saw the value of merchandise (GMV) sold through its platform rise 90 per cent in 2015-16 over the previous fiscal. "Repeat purchase rates increasing...Investing in supply chain technology... (Freecharge is) the fastest-growing di...

Ola, The $5 billion Valued Taxi Aggregator Service is Twice as Large as Uber

6May By NitishNo Comments

Story

Ola, The $5 billion Valued Taxi Aggregator Service is Twice as Large as Uber

According to a report by Trucaller, that Ola, the $5 billion valued taxi on-demand service twice as large as Uber in India. Of the 684 million phone users in India, 205 million smartphone users are now changing the way cabs are the booked while ‘on the move’ in India, and we are analyzing that trend to share some exciting TrueInsights on how you call-a-cab in India. In a report mentioned that when it comes to call traffic for the new wave of ride-sharing, app-based services like Ola Cabs is the undisputed leaders by numbers of calls. Ola Cabs made a whopping 42.5 million calls to its users, while 59.5 million calls were made by users – which accounted for 102 million calls between Ola Cabs and its users. Uber users received 13.6 million calls from the company and called the compan...

Uber vs Ola: How Fight For Indian Taxi Market Ended Up in Court

29Apr By reutersNo Comments

Story

Uber vs Ola: How Fight For Indian Taxi Market Ended Up in Court

A flurry of complaints from Uber drivers about an unusually high number of canceled bookings was the spark that ignited a bitter legal fight with Ola, Uber's rival for dominance of India's $12 billion taxi market, according to court documents and a source with direct knowledge of Uber's case. A seven-member internal team was set up to investigate the drivers' complaints in November, and its findings are the basis of a lawsuit filed by Uber accusing Ola of a campaign to disrupt its business and poach its drivers, said the source. Ola, an Indian company backed by Japan's SoftBank Group Corp, denies any wrongdoing. Uber is suing Ola for $7.5 million to compensate for lost revenue and goodwill, alleging the Indian market leader created about 94,000 fake user accounts with the ride-hai...

Uber officials meet Arvind Kejriwal, Discuss Surge Pricing

22Apr By Press Trust of IndiaNo Comments

INDIA

Uber officials meet Arvind Kejriwal, Discuss Surge Pricing

With operation of app-based taxis in the national capital on Delhi governments radar due to surge pricing, some officials of taxi-aggregator Uber today met Chief Minister and apprised him of his business model. "Some officials from Uber today met the Delhi Chief Minister at Delhi Secretariat and discussed a range of issues including surge pricing, diesel cars and permits," an official said. Sources said that apart from surge pricing, government has objection on per minute charge and vehicles which are registered outside Delhi. Transport minister Gopal Rai today again clarified that ban on surge pricing will continue. Yesterday, Kejriwal had termed as "daylight robbery" the surge pricing by app-based taxi operators, and said overcharging and blackmailing wont be allowed in the national...

“It’s Lack of Journalistic Ethics” Said Ola After a Report on Uber Acquisition

16Apr By PriyankaNo Comments

News

“It’s Lack of Journalistic Ethics” Said Ola After a Report on Uber Acquisition

India's leading Taxi aggregator platform Ola and its one of the investors Matrix Partners India denied a report on DNA, which alleged that Uber was acquiring stakes of all the investors, including the founders, except SoftBank, with a term sheet likely to be signed by this quarter. "We would like to state that the article, attributed to an 'unnamed source' is completely false, misleading, malicious and planted in the said newspaper with the intent of causing harm to the Ola brand and creating confusion among our stakeholders." a statement from Ola said. Ola slammed the publication for its lack of journalistic ethics, and said that it will initiate appropriate legal action and seek redressal and compensation from the newspaper for the damage caused due to the report. "We also had received...

Odd-Even: These Startups Offering Free Rides

15Apr By AdityaNo Comments

News

Odd-Even: These Startups Offering Free Rides

With the second phase of odd-even scheme set to be rolled out from tomorrow, ride-sharing startups are lining up with free rides and scaling up operations to handle higher demand from consumers. The odd-even scheme was implemented on an experimental basis from January 1 to January 15 in view of high air pollution in the national capital. The second phase will commence on April 15. Bike taxi operator Rapido said, it will offer free rides to people travelling to and from some of the metro stations like HauzKhaz and Malviya Nagar during April 15-30. Bengaluru-based startup 360Ride, which offers a ride-sharing platform for personal vehicle owners, said it will incentivise people using its platform with commuters earning up to Rs 1,200 by sharing their ride on four-wheelers and Rs 600 on t...

Auto and Taxi Unions to Protest Against App-Based Services

11Apr By NitishNo Comments

News

Auto and Taxi Unions to Protest Against App-Based Services

A section of auto and taxi unions will take out a protest march today against app-based taxi services in the national capital. "Hundreds of auto rickshaw and taxi drivers will take out a protest march with their vehicles from Samatha Sthal to Delhi Secretariat tomorrow," Rajendra Soni, general secretary of auto and taxi unions, said. He said that for the last two months, they have been demanding the government to control app-based taxi services who are taking away their livelihood. "If government does not pay heed to our demand immediately, all taxis and auto rickshaws will go off work soon" he said. "App-based taxi services are affecting our business and we cannot sit silent. Government should stop their services as most of the app-based cab operators are not following rul...