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
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Pooja Malik | January 22, 2025
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Sai Keerthi | January 19, 2025
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Daily Capsule
In conversation with Freshworks Dennis Woodside; Meet SuperOps’ new VP of Sales
Team YS | January 17, 2025
Freshworks CEO Dennis Woodside discusses the company’s India, bets on AI, and lessons from the founder. SuperOps brings in ex-Freshworks exec Javeeth Ahamed as VP of Sales. Indian startups clocked in around $131 billion in funding since the launch of the Startup India mission in 2016.
News
Startup and news updates: Daily roundup (January 16, 2025)
Team YS | January 16, 2025
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Funding
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Thimmaya Poojary | January 16, 2025
With the exception of the pandemic year, the funding inflow into the Indian startup ecosystem has consistently remained above $10 billion every year ever since the Startup India initiative was launched in 2016.
Daily Capsule
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Economy
Kotak Mahindra expects Indian IPO market to reach $35B in 2025
Press Trust of India | January 11, 2025
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