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Users can Now Pay With Single Touch Using ‘Ola Money’

22Mar By AnkitaNo Comments

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Users can Now Pay With Single Touch Using ‘Ola Money’

Ola Money, the popular digital payment solution from Ola, India's leading mobile app for transportation, today announced that it has partnered with Mumbai Metro, which will enable commuters to recharge their prepaid metro cards by using the Ola Money app. Ola Money is also the exclusive digital payment partner for RSRTC- the Rajasthan State Road Transport Corporation, where users booking tickets online on http://rsrtc.rajasthan.gov.in/ or offline during their bus ride, can pay using Ola Money. The Ola Money app can also be used for prepaid mobile phone recharge across all network operators in India and for sending money to friends and family within minutes. Additionally, Ola Money has recently partnered with Cafe Coffee Day, Cleartrip and Stayglad over and above existing partners ...

3Mar By PriyankaNo Comments

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Uber Launched It's Service in Pakistan

Taxi Aggregator Platform Uber has launched its service in Pakistan. Uber will start operating from tomorrow in Lahore. Commuters now will be able to use Uber as their ride to work, hangout or anywhere they want in Lahore. The service is already open for sign-ups and their app now has Pakistan listed in it. Further more, Uber also introduced an option for cash payments for anyone signing up from Pakistan — so anyone without a credit card can also sign up now. Uber app is available for download for the following mobile platforms: iOS, Android, Blackberry 7 and Windows. So here are some important details after the jump that you might be interested in about Uber. Uber set Standard Pricing for the rides. Uber Base Fare will starts from Rs. 100 and Cancellation fee would be Rs. 150. Mi...

Ola Shuts Down Its Grocery and Food Delivery Services

2Mar By PriyankaNo Comments

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Ola Shuts Down Its Grocery and Food Delivery Services

New Delhi/Bengaluru: Ola, India’s largest taxi-hailing service will shut down its grocery (Ola Store) and food delivery services (Ola Cafe). As per report the company slows expansion plans and struggles to build customer demand for the business units and huge delivery costs is the main reason behind this move. “It (grocery) is not a profitable business and has huge delivery costs,” said one of the two people cited above, requesting anonymity. While Ola Store currently operates in Bengaluru, Hyderabad and Gurgaon, Ola offers its food delivery services in Mumbai, Bengaluru, Hyderabad and Delhi. Investors have poured more than Rs.800 crore into online grocers and delivery firms over the past two years.The food and groceries market in India, which is estimated to touch $480 billion in 2...

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

12Jan By Press Trust of IndiaNo Comments

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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...

India’s Leading Taxi Aggregator Platform Ola has Launched ‘Ola Corporate’

11Jan By AdityaNo Comments

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India’s Leading Taxi Aggregator Platform Ola has Launched ‘Ola Corporate’

India's leading taxi aggregator platform Ola has launched 'Ola Corporate', an enterprise solution for India Inc. Claiming to transform the way India Inc travels, the company said 'Ola Corporate' would make rides available at a fraction of cost as against the existing scheduled corporate travel options, along with benefits of a centralised, paperless billing system. 'Ola Corporate' offers enterprise customers, the flexibility and ease of hailing an Ola as and when required for business and pay from their company's centralised pre-paid account, it said in a release. Centralised billing makes the entire process of applying for transport reimbursements redundant for corporate travellers and organisations resulting in improved business productivity, it added. Fares for Ola Corpora...

War of Words : OLA (Taxi Aggregator) vs JUGNOO (Auto Aggregator)

8Dec By AdityaNo Comments

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War of Words : OLA (Taxi Aggregator) vs JUGNOO (Auto Aggregator)

As Startup movement soaring up in India, so there is some war of words would be exchanged as well. To sustain their model and to be in positive cash model, startups are trying to implement every kind of opportunity (By Hook or Crook). In its blog India's leading Auto aggregator Jugnoo, accused Ola of poaching employees and taking its employee and driver database to disrupt business in its hometown Chandigarh, ahead of Ola's plan to launch its auto rickshaw hailing service in the city. Dear Ola, You got us all confused now. First you ignore us, then you laugh at us, then you fight us and finally, I am guessing here, we win! (Fist punch) If this is what you are trying to do, then we accept the compliment and I promise, will keep running this marathon just like we always have been. ...

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

5Dec By AnkitaNo Comments

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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 ...

Ola ropes in ex Infosys CFO Rajiv Bansal to head finance

26Nov By AnkitaNo Comments

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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 experience f...

Ola eyes on 3 million daily bookings by April next year

20Oct By Press Trust of IndiaNo Comments

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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 ...

Ola opens up API for selected mobile apps

26Sep By Press Trust of IndiaNo Comments

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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…)