10 facts you didn't know about ola - rediff

HOME NEWS BUSINESS MOVIES SPORTS CRICKET GET AHEAD SHOPPING rediff NewsApp

SHOP FOR: Men's Lifestyle Women's Lifestyle Mobiles Electronics Watches Car Accessories Home & Decor Personal Care Books All Categories

Ashutosh Sachan | Sign out

Share CommentTo get such articles in your inbox

[email protected]

Text size: A A A

Buy A Nova Hot/Cold Hair DryerAnd Get A Nova Straightener Free

Aquafresh 5 Stage Uv WaterPurifier

Mobile Phone Foldable 3D ScreenEnlarge X 3 Movie Theater

Rediff.com » Business » 10 facts you didn't know about Ola

10 facts you didn't know about Ola

Last updated on: November 18, 2015 16:00 IST

Cab-hailing service Ola is on the fast track on the back of a $500 million funding

from investors including Japan's SoftBank Group, Baillie Gifford, Falcon Edge,

Tiger Global and DST Global.

Image: Ola is now present across 100 cities in India. Photograph, courtesy: Ola

ake a look at 10 facts you didn’t know about Ola …

* Ola, started by two IITians, Bhavish Aggarwal and Ankit Bhati, has now raised a total of $1.3

billion (Rs 8,600 crore).

* At $5 billion (Rs 33,058 crore), Ola is the third-most valuable venture-backed company in

India after online retail giants Flipkart and Snapdeal.

* Set up in 2011 with operations only in Mumbai, Ola is now present across 102 cities in India.

Latest from rediff.com

PHOTOS: Millionspray to settingsun to markChhath festival

Wriddhi Saha, agood replacementfor Dhoni

Hot! Edgy!Stunning!

Madhuchandan, asoftware engineerfrom US ismaking farmersricher!

IPL spot-fixing:Delhi HC issuesnotice to allaccused

Is India ready forhumour withoutpunchlines?

Search

10 facts you didn't know about Ola - Rediff.com Business http://www.rediff.com/business/report/10-facts-you-didnt-know-about-ol...

1 of 3 18-Nov-15 7:56 PM

Rs. 1,499 Rs. 449

Add to cart

Rs. 4,700 Rs. 1,399

Add to cart

Rs. 2,499 Rs. 340

Add to cart

Share CommentPrint this article

* The company has seen an astounding rise, growing 30 times in the last one year.

* Ratan Tata has acquired a stake in OlaCabs in his personal capacity.

* The company has a network of more than 3,50,000 cars.

* According to the company, it receives over one million booking requests a day.

* OlaCabs bought Bangalore-based cab service TaxiForSure for about $200 million in March

2015.

* Ola has acquired Geotagg, a trip-planning applications company.

*As competition is heating up, Ola may step on the accelerator to triple the number of

bookings to about 3 million by the end of FY16, and apparently is also looking at newer

business models such as car pooling and ride sharing and is most likely to rope in more

entrepreneurs to scale up operations to tier-2 cities as well.

Related News: Ola Cabs, DST Global, GIC, India, Baillie Gifford

More from rediff

It's free!

To get such articles in your inbox ashutoshsachan@rediffmail. SUBSCRIBE >

Enter Company or Mutual Fund Get Quote

BSE 25,482.52 -381.95 9:0015:59

NSE 7,731.80 -105.75 9:0015:59

Top Gainer - Balrampur Chini +14.63 - View AllTop Loser LIC Housing Fi 44 94 View All

'Don't know whythe govt callsGreenpeaceanti-national'

Dieters beware!How trouble-freeis fat-free?

Sensex sinksfurther as worldstocks lack shine;aviation stocksfall

'Aiyar's remarksseditious, Soniashould apologise,'says BJP

Moneywiz Live!

Ola announcesboat service in rainbattered Chennai

How 2 IIT-iansbuilt a $1 billioncompany in 3 yea


2 of 3 18-Nov-15 7:56 PM

Discussion Board

Write a message

Total 3 messages Pages | 1

OLA THE .....FACTS.....!by Shrinivas Narahar Kulkarni (View MyPage) on Nov 18, 2015 04:26 PM | Hide replies

Ola .... Cheats every one, it can....! By the ways of false promises to upcoming entrepreneurs like new cab owners.In Pune initially they offered a good package to the cab owners, and at the time of registering their vehicles withOLA, they reduced the package drastically, even refused to pay compensation package already agreed. Better talkto Pune Cab Owners....!!

Forward | Report abuse

Re: OLA THE .....FACTS.....!by ravichandran viswasam (View MyPage) on Nov 18, 2015 05:04 PMNot only in Pune it is everywhere. They cheat passengers too by peak time charges.


11th Factby ravichandran viswasam (View MyPage) on Nov 18, 2015 04:18 PM

And the 11th FACT is that they don't operate during rainy season. in Chennai I was not able to book a cab for 3days.


Total 3 messages Pages: | 1

Write a message Terms of use | Disclaimer

Business email Office email App Domain registration Website Rediffmail Money Company email Online Shopping Books Gifts Videos Blogs Buzz

© 2015 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Careers - Feedback - Terms of use


3 of 3 18-Nov-15 7:56 PM

10 facts you didn't know about ola - rediff

Documents