March 9th, 2019
NEW DELHI: Ola is in talks with Hyundai Motor Company for investing about USD 300 million in the cab-hailing platform, according to sources.
The discussions are at an advanced stage and a deal could be closed in the next few weeks, sources said.
If the deal goes through, it would be Hyundai's second investment in the Indian...
November 13th, 2018San Francisco based cab aggregator Lyft has planned to launch a new loyalty program for riders which will be known as Lyft Rewards. The particular program will start rolling out next month to select riders across the U.S.
It will let riders earn points for each dollar spent, which can then be used for upgrades to nicer cars or savings...
October 25th, 2018With 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 are a national...
October 25th, 2018Ride hailing company Grab has reportedly has announced its plans to introduce virtual pre-paid debit in collaboration with Mastercard. This move is the biggest digital payment push in Southeast Asia to date.
The particular deal will witness its Grab Pay business offer Grab’s 110 million registered users the option to use a virtual...
September 18th, 2018The 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...
July 16th, 2018In 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 cab ride that it offers. This...
June 4th, 2018A new tussle between Karnataka government and major cab aggregators Ola and Uber have come into play, where the state government has issued a notice to the ride-hailing companies for violating against rules for charging the time-based fare.
As per new traffic rules stated under Rule 11(a) of the Karnataka On-demand Transportation...
