April 21st, 2017Cab aggregator Ola's board has approved raising up to USD 100 million from existing shareholders, primarily to fund its expansion plans.
The company, which is locked in an intense battle with American rival Uber, had recently raised funds to the tune of Rs 1,675 crore from its Japanese investor, SoftBank.
The approval was for...
April 14th, 2017New Delhi: Japanese investor SoftBank has pumped in about Rs 1,675 crore in fresh funding in Indian transportation startup Ola to give it more muscle to take American rival Uber head-on.
SoftBank subsidiary SIMI Pacific Pte picked 12,97,945 shares valued at Rs 10 at a premium of Rs 12,895 in ANI Technologies -- which runs Ola --...
February 15th, 2017Encashing the growing demand for application-based cab services, the Indian Railways is all set to provide space for such facility at about 500 major stations, eyeing an annual profit of Rs 300 crores.
Railway Minister Suresh Prabhu will unveil the new policy for app-based cab service next month along with providing parking space and...
June 28th, 2016Taxi hailing app Ola has signed an agreement with Haryana government to create over 10,000 entrepreneurs in the state with an investment of Rs 350 crore over the period of five years, the company said today.
"We are proud to partner with the Haryana government to create more than 10,000 entrepreneurship opportunities across the state....
April 16th, 2016India'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...
