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

6May By NitishNo Comments

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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 co-founder Travis Kalanick to offer start-up tips at IIT-B on January 19

Uber co-founder and CEO Travis Kalanick will be in Mumbai next week to address students of IIT-Bombay and share his own success story. Kalanick, on his maiden trip to India, is among other top executives who will be in town to take part in the government's Start-up India event scheduled for January 16. He will be sharing the stage with over 40 CEOs and founders of start-ups, including SoftBank's Masayoshi Son, at IIT-B, one of the country's premier centres for start-up incubation. Kalanick will be addressing the students on January 19. Uber is also partnering with 'Invest India', an initiative under the Department of Industrial Policy and Promotion, and has already launched 'UberExchnage', a start-up mentorship programme. The five-year-old US taxi aggregator, which is valued at...

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 ...