comscore Ola reaches 1 million trips per day milestone, eyes 3 million trips a day by April 2016

Ola reaches 1 million trips per day milestone, eyes 3 million trips a day by April 2016


Ola has touched a new milestone, and today announced that since its inception it has now served 25 million customers. The company also revealed that it has touched 150 million in cumulative bookings, and now serves over a million requests per day. Also Read - Ola reportedly looking to launch IPO early next year: Details here

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Ola now operates in 102 cities across India, with over 325,000 cabs registered on the platform. The company operates in tier II and tier III cities as well, and its services include Kaali-Peeli taxis in Mumbai, auto-rickshaws in six cities, and Yellow Taxis in Kolkata. It recently launched a shuttle service in Bangalore and Guragon, and started beta testing its Share carpooling service. In September, it also launched Ola Select, an airline-like special service that offers benefits to the company s frequent commuters. Furthermore, it has also launched Ola Cafe, a 20 minute food delivery service in four cities in India. Also Read - Suzuki may launch Ola, Ather-rival electric scooter tomorrow: What we know so far

We are grateful that millions of users everyday rely on Ola as their first choice of accessing a wide range of transportation options, choosing to not own or drive their cars, Bhavish Aggarwal, Co-founder and CEO Ola said. On the other hand, it is overwhelming to see hundreds of thousands of driver-partners trusting the Ola platform as their primary source of earnings and livelihood.

Further breaking down the numbers, the company says that during peak hours, it processes up to 7,500 bookings a minute. As mentioned above, it now serves over a million requests a day, and aims at touching three million requests a day by April 2016.

To put these numbers into perspective, its chief rival Uber now operates in 22 cities in India. Recently the company announced that it will be investing Rs 6,400 crore in its Indian operations over nine months. With the advent of new products and solutions, Uber is planning on touching the one million trips per day mark in six to nine months.

While Ola s journey in India has been anything but smooth, the company says it has grown nearly three times since last April. To take on Uber, Ola acquired its rival TaxiForSure in a deal worth $200 million. It recently raised Rs 1,478 crore in a funding round led by Falcon Edge Capital, and is also said to be in talks to raise another $500 million at a valuation of $5 billion. Going forward it plans on operating in 200 cities by the end of this year.

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  • Published Date: October 19, 2015 9:03 PM IST

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