Topics: Ola

Silicon Valley Bank’s closure shocked India’s investment and startup ecosystem: Prateek Toshniwal, Partner at MI Capitals

Silicon Valley Bank (SVB) closure has shocked India's investment and startup ecosystem, says Prateek Toshniwal, Co-founder of IVY Growth Associates and Partner at MI...

Ola scoops $500 Mn through Term Loan B

Ola, India's largest mobility platform, has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. The proposed loan issuance...

Healthtech startup Spry secures $3 Mn in series seed round funding

India based health-tech platform, Spry has announced that "It has secured $3 million in series seed round funding led by Together Fund." The round also...

Ola Electric starts pan India test rides for Ola S1 & Ola S1 Pro

India based electric scooter maker, Ola Electric has said that "It has started a pan India test ride for Ola S1 and Ola S1...

Ola Electric customizes nine Ola S1 Pro for Netherlands Embassy in India

Electric scooter maker, Ola Electric has announced that it will be building nine customized Ola S1 Pro scooters for the Embassy of The Netherlands...

Ola expands its leadership team, hires across finance, and mobility segments

India based leading mobility platform, Ola has announced its key leadership appointments across Ola Financial Services, Ola Cars, and Ola Electric.  "The appointments are a...

Ola Cars eyes for $2 Billion in GMV, plans to add 10,000 people across department

India based mobility platform, Ola has announced its plan to hire 10,000 new people across the department, as it eyes a market leadership position...

IPO: Ola expands ESOP pool to Rs 3000 Crore

Global mobility platform, Ola has announced an expansion of its employee stock options (ESOP) pool to ₹3000 crores and has also allocated an additional...

Ola Electric secures $100 Mn in debt from Bank of Baroda

India based electric scooter manufacturer, Ola Electric has secured $100 Million in debt financing from Bank of Baroda. Ola Electric in its issued statement said...

IPO Ola: Ola secures 500 Mn from Temasek & Warburg Pincus

Leading mobility platform, Ola has announced that Temasek and Plum Wood Investment Ltd, an affiliate of Warburg Pincus, a leading global private equity...

Rakesh Bhardwaj joins Ola as Group CIO

Leading mobility player, Ola has announced the appointment of Rakesh Bhardwaj as Group Chief Information Officer. In this role, Rakesh will provide strategic direction...

Ola to cover COVID-19 vaccination cost for all employees and dependents

Leading mobility company Ola has announced to cover the cost of COVID-19 vaccination for all its employees and their dependents. "The vaccination drive will also...

Ola Electric commences construction of mega-factory in Tamil Nadu

Global mobility company Ola has commenced the construction of two-wheeler mega factory on its 500 acres site in Tamil Nadu. In December 2020, Ola announced...

Orios Venture Partners Report: 44 Unicorn creates $106 billion value for Indian startup ecosystem

India's leading early-stage venture fund Orios Venture Partners has released a report on 'Indian Unicorns' which highlights the performance of the Unicorns across the...

Ola to deploy ABB robotics and automation solutions at the electric scooter factory in India

Ola, one of the leading mobility companies in the world, today announced that it has selected ABB as one of its key partners for...

In conversation with Greg Moran, Co-founder & CEO of ZoomCar

Today we speak to Greg Moran, Co-Founder & CEO of ZoomCar to understand the journey of ZoomCar and how it is shaping the car...

Budget 2021: Reactions from Automobiles & EV industry

In a bid to boost the pandemic hit economy, through the multiple investment announcement in the financial and banking sector. Finance Minister Nirmala Sitharaman...

Ola ropes Julien Geffard for its electric scooters business in Europe

As Ola is gearing up to launch its first electric scooters to Europe in the coming months. The company on Friday announced the appointment...

Ola Foundation partners with Robin Hood Army to deliver 25 lakh free meal to driver-partners

Ola Foundation a private charitable trust backed by a ride-hailing company, Ola Cabs has announced that it has partnered with Robin Hood Army to...

Edutech startup Lattu Kids raises seed funding from Mumbai Angels

Edutech startup Lattu Kids has raised an undisclosed amount in series seed round funding from Mumbai Angels Network (MA). This follows Airtel picking up...

Ola Exit: Pranav Tiwari, Sarmad Nazki resigns from Ola

A Bangalore-based ride-hailing company, Ola Cabs have reported the departure of two more senior executives from the company. According to the sources, familiar with the...

JLR Chief Ralf Speth says, “Millennials using ride-hailing service would mean more demand for cars”

Millennials depending more on ride-hailing service providers for commuting would mean more demand for cars rather than affecting sales in mega cities, including those...

Sumer Juneja: “The partnership between SoftBank and Ola’s CEO Bhavish Aggarwal is Open and Transparent.”

Japanese internet giant and a major stakeholder in Ola Cabs, ‘Softbank’ has said, “the relationship with Ola’s co-founder and CEO, Bhavish Aggarwal is open...

Ola Electric Mobility secures Rs 400 cr from Tiger Global Management, Matrix Partners and few others

Ola Electric Mobility, a venture backed by India's largest ride-hailing platform Ola Cabs on Friday announced that "it had secured Rs 400 crore in...

Ola secures $74 million in J series round funding from SteadView Capital

India's ride-hailing company, Ola, has reportedly secured $74 million (Rs 520 crore) in series J round funding from Hong Kong-based capital management firm, Steadview...

Byju’s may join as Indian startup Unicorn with the valuation at $3.5 billion

India is budding with startups and upcoming initiatives and to rank 4th in this country's startups, the class is what Byju's aspires to achieve....

Ola in talks to raise $100Mn from Hong Kong-based hedge fund Steadview Capital

India based ride-hailing company Ola, is planning to raise $100 Mn investment from one of its existing investor from Hong Kong-based hedge fund Steadview...

Flipkart Co-founder Sachin Bansal may invest $100 Mn in Ola cabs

The co-founder of the e-commerce behemoth Flipkart may invest $100 million in the Bhavish Aggarwal led ride-hailing firm, Ola. As per reports, this is...

These Billion-Dollar Startup Unicorns you don’t believe that they belong from Mumbai

Bollywood, Finance, and Commerce - the three ingredients of Mumbai aren’t enough to encapsulate its diversity. The city that shelters almost 2 crore people...

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