Wednesday, April 24

Tag: Ola

Uber plans to raise $2.1 bn for investment in India, China
5Dec By AnkitaNo Comments
News

Uber plans to raise $2.1 bn for investment in India, China

App-based taxi aggregator Uber is looking to raise USD 2.1 billion in a fundraising round led by Tiger Global and other investors, valuing the company at USD 62.5 billion. The funds raised will be used primarily for investments in India and China, according to people aware of the development. Sources said that next round of investment for India will be announced early next year. US-based Uber in July this year had announced to invest USD 1 billion (about Rs 6,400 crore) in India in nine months to expands operations in the country. Interestingly, Tiger Global is also an investor in Ola, which competes with Uber in India. According to sources, Uber has filed paperwork in Delaware giving details about the fundraising wherein the company said it plans to raise USD 2.1 billion from ...
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First-Of-Its-Kind Partnership In India – Buy Smartphone OnePlus X, Straight From The Ola App
5Dec By AdityaNo Comments
News

First-Of-Its-Kind Partnership In India – Buy Smartphone OnePlus X, Straight From The Ola App

Ola, India’s most popular mobile app for personal transportation and OnePlus, a fast growing technology startup, today announced a first-of-its-kind partnership in India, giving users an opportunity to buy the latest smartphone OnePlus X, on-demand, straight from the Ola app. For one-day only on December 8, 2015, OnePlus together with OlaCabs and Amazon India is bringing a whole new dimension to your smartphone purchase experience. A first in India, buying a OnePlus X is as handy as hailing for a cab on your app with same-day delivery guarantee (in less than 15 minutes of placing the order) and consumer-friendly payment options. The partnership will take place across seven cities namely Delhi/NCR, Mumbai, Pune, Bangalore, Hyderabad, Kolkata and Ahmedabad. Fans wishing to purchase the O...
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Ola ropes in ex Infosys CFO Rajiv Bansal to head finance
26Nov By AnkitaNo Comments
News

Ola ropes in ex Infosys CFO Rajiv Bansal to head finance

  Taxi aggregator Ola today said it has appointed former Infosys Chief Financial Officer Rajiv Bansal to head finance operations as part of its expansion drive in the country. Bansal, who announced his resignation from the country's second largest software services firm in October this year, will join the Softbank-backed Ola in January 2016. "Rajiv brings close to 21 years of experience in finance with over 16 years at Infosys, where he was the CFO and recently transitioned to being an advisor to the CEO. Rajiv will be part of Ola's core leadership team," Ola said in a statement. Mitesh Shah, who is currently the CFO, will lead strategic finance initiatives as part of Bansal's team, it added. "We are thrilled to welcome Rajiv on board. He brings with him a wealth of experien...
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Ola eyes on 3 million daily bookings by April next year
20Oct By Press Trust of IndiaNo Comments
News

Ola eyes on 3 million daily bookings by April next year

India's leading taxi aggregator Ola is looking at a three-fold rise in the number of daily bookings through its platform to three million by April next year. Ola sees over one million daily booking requests at current scale and has served over 150 million cumulative bookings on its platform till date, it said in a statement. Currently, the Bengaluru-based company has operations in 102 cities with over 3.25 lakh vehicles are registered on its platform.   "The company Ola has grown three times its size over the last six months from April 2015. We expect to clock three million booking requests a day, by April 2016," it added. Bhavish Aggarwal, co-founder and CEO of Ola, said the company has served 25 million unique customers in India. "Our next phase of growth will be ...
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Ola opens up API for selected mobile apps
26Sep By Press Trust of IndiaNo Comments
News

Ola opens up API for selected mobile apps

Taxi aggregator Ola today announced the public release of its API, allowing major mobile apps as well as individual developers to integrate the company's offering with their platforms. (more…)
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Why Ecommerce Giants Like Kunal Bahl, Sachin Bansal Are Backing Entrepreneurs As “Super Angel”
23Sep By No Comments
News

Why Ecommerce Giants Like Kunal Bahl, Sachin Bansal Are Backing Entrepreneurs As “Super Angel”

Saras Agarwal's main agenda at a networking event early this year was to meet Zishaan Hayath, cofounder and chief executive of education technology startup Toppr. The associate vice-president at VenturEast, among India's oldest venture capital firms, wasn't looking to invest in Toppr but discuss startups Hayath had put his money into. "It was a general meet-up from the point of view of deal flow to understand what kind of startups (Hayath) is interested in," Agarwal said. Hayath represents a widening pool of so-called super angels — reputed startup founders who are increasingly becoming the first port of call for entrepreneurs seeking money for their emerging businesses, having been among the earliest to bet on consumer Internet companies such as Ola, Housing, TinyOwl, Grofers and Delhi...
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Ola sets customer privacy, Introduced number masking
20Sep By No Comments
News

Ola sets customer privacy, Introduced number masking

Taxi aggregator Ola today said that it has introduced number masking on its platform which will enable mobile numbers of customers to remain undisclosed to drivers. Taxi aggregator Ola today said that it has introduced number masking on its platform which will enable mobile numbers of customers to remain undisclosed to drivers. Drivers calling from their Ola device will not be able to see the customer's mobile number but will automatically be routed through the encrypted number, the company said in a release. The number masking feature is active for driver-partners in all cities where Ola operates, it added. With this, calls made by the driver-partners can be traced by Ola from archived recordings at all times, Ola said. The company's driver-partners will not bear the cost...
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Ratan Tata will advise IDG Ventures India as a senior advisor
10Sep By No Comments
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Ratan Tata will advise IDG Ventures India as a senior advisor

Ratan Tata has joined the advisory board of venture capital firm IDG Ventures India as a senior advisor, third such move by Tata Sons' chairman emeritus this year. IDG Ventures, which holds stakes in e-tailer Flipkart and online travel portal Yatra, has offices in Delhi and Bengaluru. Tata will be advising IDG Ventures India and portfolio entrepreneurs on its overall business strategy and growth, global expansion, team building and leadership. He will also be a special invitee, on selective basis, in portfolio company board meetings on strategic matters, said a statement. The venture capital firm, which completes ninth year of operations in India, has backed 50 companies from its funds committing over Rs 1,000 crore in the Indian early stage technology venture capital market. Other p...
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After cabs, Uber plans own ‘Uber wallet’ in India
1Sep By No Comments
News

After cabs, Uber plans own ‘Uber wallet’ in India

US-based cab service provider Uber is planning to come up with its own mobile payment wallet in India, according to sources. It is planning to apply to RBI for the licence. At present, consumers can pay for Uber trips via Paytm wallet. It recently tied up with Airtel Money to facilitate payments via the latter's wallet as well. The latest plan is in line with the firm's ambition to make India its second biggest market after the US. It recently entered four new Indian cities, taking its tally to 22 cities. "It would be a natural progression for Uber in India given the importance it attaches to Indian market.The growth plans will get a further boost if it gets the nod from RBI for a semi-closed wallet ," a source close to the development said requesting anonymity . When contacted, a...
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Ola opens Ola wallet for Oyo Rooms, Lenskart and Saavan
25Aug By No Comments
News

Ola opens Ola wallet for Oyo Rooms, Lenskart and Saavan

Taxi hailing app Ola said its wallet, which was earlier only used for paying for taxi rides can now be used on other platforms including budget hotel rooms aggregator Oyo Rooms, online spectacle retailer Lenskart, and music streaming service Saavan. The company expects to add more players from other retail categories. "We will be leveraging our customer base and provide (ola money) payments solutions for all categories including travel, on demand food and groceries," Rushil Goel, Head, Ola Money, told ET. "Soon we will also be launching offline in store partnerships with brands," he added without specifying the timeline. More than 50% of transactions on Ola are from its wallet.   Ola does not hold a licence for a semi closed wallet and has tied up with mobile wallet Zip-Cash ...
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