Ola
Founded in 2010 by Bhavish Aggarwal and Ankit Bhati, Ola is a ride-hailing and mobility service company. Headquartered in Bengaluru, it serves over 250 cities across India, Australia, New Zealand, and the UK.
It ventured into its first overseas market in Australia in January 2018, followed by New Zealand in September, and then the UK in 2019.
The Ola mobile application allows users to sign up using their mobile numbers, set up their accounts and access all its features, which include, booking rides, buying their electric vehicle products, and insurance.
In 2019, the company launched Ola Bike, which offers bike taxi services for short-distance travelling. And in 2020, it launched Ola Fleet which caters to corporate travel and employee transportation.
The company has raised $5 billion in funding across 29 rounds. Its investors include SoftBank, Steadview Capital, and Temasek Holdings, among others.
In 2017, Aggarwal launched Ola Electric, which unveiled its first electric scooter Ola S1 in August 2021, soon after the announcement of its construction of the world's largest electric scooter manufacturing plant in Tamil Nadu, India.
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News
Ola Electric in talks to cut costs on registration, VAHAN data to see temporary dip
Press Trust of India | February 19, 2025
Ola Electric, India's largest electric scooter maker, on Wednesday announced it is renegotiating contracts with its vehicle registration agencies- a period during which actual sales will not be impacted but the registration numbers showing on the government's VAHAN portal may see a temporary blip.
News
Uber rolls out zero commission model for auto drivers across India
Sai Keerthi | February 18, 2025
The move comes after Rapido and Namma Yatri introduced similar models that helped the ride-hailing platforms attract more drivers.
News
Startup news and updates: Daily roundup (February 18, 2025)
Saranya Chakrapani | February 18, 2025
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Tuesday, February 18, 2025.
Daily Capsule
Ronnie Screwvala on edtech IPOs; Fashion for style-first consumers
Team YS | February 18, 2025
Ronnie Screwvala gives a reality check on the preparedness of edtech firms for an IPO. Cove & Lane is creating high quality styles that can be worn from day meetings to cocktail nights. ZenStatement is helping businesses handle financial operations with AI-powered solutions.
Interview
No edtech company is ready for an IPO today: Ronnie Screwvala
Ishan Patra | February 18, 2025
Seasoned entrepreneur and edtech industry veteran Ronnie Screwvala gives a no-holds-barred reality check on the preparedness of edtech firms for an IPO and the dangers of a premature listing.
The Interview
Big Basket promoter K Ganesh’s debut book ‘Mastering Disruption’ is a handbook for every aspiring entrepreneur
Swetha Kannan | February 12, 2025
Companies—new-age or traditional—can embrace disruption by fostering adaptability, innovation, and resilience, says K Ganesh, serial entrepreneur and author of ‘Mastering Disruption - A Practical Guide to Understanding New-age Business Models’.
