With the increasing demand of Ola and Uber these days, an average ride cost on Ola and Uber is up by 15% over the last one year. This has been presented as per estimates by research & advisory firm RedSeer. The company said this comes on top of a 10% increase in 2017. However, the figures that have been stated […]
Saudi Arabia has put on hold an amount of $200 billion under a plan with SoftBank Group Corp. with the purpose of building the largest solar-power-generation project in the world. As of now, nobody is actively working on the project. However, the Saudi kingdom is working up a broader, much more practical strategy to boost […]
The two largest ride hailing services in India that are Ola and Uber, are witnessing a sharp slowdown in the growth of rides over the past year. This is the result of their steer toward operational efficiencies, cut customer discounts and driver incentives, and expand into newer verticals such as food delivery. Though the absolute […]
The homegrown cab aggregator Ola has been on an expansion spree lately and is expanding itself in various international regions including UK and Australia. Soon after this, the company announced its plans to enter the New Zealand market starting with Auckland, Christchurch and Wellington. However, the date of launch has not been mentioned as of […]
India’s leading taxi aggregator Ola raises $50 million from Hong Kong-based Sailing Capital and the China-Eurasian Economic Cooperation Fund (CEECF). The SoftBank-backed company looking to battle against Uber in markets like India, the UK, and others. The latest funding round will make Ola’s valuation around USD 3.7 billion and USD 4 billion. Ola, in an extraordinary […]
With the exit of a lot of senior executives in various top companies, two senior executives of Ola have also stepped down. It has been reported that Saikiran Krishnamurthy and Joy Bandekar have left the company. Saikiran Krishnamurthy was popularly called Saiki among the Ola employees and held the position of a senior vice-president of growth in the […]
US-based beverage maker Coca-Cola has reportedly agreed to buy out coffee chain Costa Coffee from UK drinks and hotels group Whitbread. The amount of the deal is worth $5.1 billion including debt. This move has been taken primarily to extend its push into healthier drinks as the demand for aerated and soda drinks is falling. […]
The ride-hailing service provider Ola has appointed Ben Legg as managing director of its lately launched UK operations. It has been reported that Legg will lead and build the senior leadership team, drive strategy and operations and build up a UK nationwide presence by the end of the year 2018. The company based in Bengaluru had recently announced its […]
Soon after launching its services in Australia, the cab-hailing major Ola is planning to foray into the United Kingdom (UK) market and has also received a license to operate in South Wales and Greater Manchester regions. The company is planning to launch its operations in the UK within the next month and claims that it […]
The popular cab aggregators, Ola and Uber have withdrawn a substantial number of orders of around 2.7 lakh vehicles from the largest automobile maker Tata Motors. These companies that have been a valuable player in the ride-hailing space, obtain cars from automakers to make it available for the cab drivers on installments, but now it […]
In the financial year 2016-2017, the cab aggregator Ola showed losses of around Rs 4,897 crore. In the last year, it saw losses of over Rs 2,313 crore. But now, the company is finally gearing up in terms of growth and profitability. It has been reported that the cab company has started earning on every […]
The former CEO of eBay Australia, Simon Smith appointed as a Managing Director of taxi aggregator OLA in Australia. Simon held various roles previously including Chief Executive Officer of eBay Australia, Non-Executive Director of Sportsbet, VP of Virtual Offices at Servcorp and a consultant at McKinsey and Company. “Simon is a very entrepreneurial and strategic leader […]