Although Ola is a leading Indian cub curating service, but the company faces a massive competition from US-based Uber, which is equally popular among cab riders in India. Both the companies, along with different categories of economical and luxurious rides, offer an option of shared rides, where people can pool in a cab with fellow riders going in the same direction. Now, since the fare gets divided in a shared ride, it s the cheapest and a very popular ride option among Indians. Therefore, pulling in more people to use its Ola share, the company has launched a new offer, under which a pool ride to a metro station in Delhi NCR costs a flat Rs 50.
Ola will invest $20 million (over Rs 130 crore) by March 2016 on various initiatives to ensure passenger safety. The Bengaluru-based company has already introduced a new number masking feature on its app that does not disclose the customer's mobile number to drivers.
In what is one of a kind move, Ola has announced a benefits program, called Ola Select , for its frequent customers. Much like how airlines offer special services to its frequent fliers, Ola too will offer a bunch of benefits for customers who are a part of this program.
Since aggregating cabs and autorickshaws, Ola has branched out to new avenues including food and grocery deliveries. Now, it seems the company is moving on from cabs to buses, Economic Times reports.
Ratan Tata is on an investment spree, and the latest in line is Ola. CEO and co-founder Bhavish Aggarwal made the announcement on the company s blog, though he didn t reveal how much stake Tata picked up.
Ola has already branched out from just aggregating taxis, to experimenting with services like Ola Store and Ola Caf to deliver groceries and food. Now however, the company is reportedly looking at disrupting the courier services by launching a model on the lines of UberRUSH, Business Line reports.
A day after Delhi government rejected application for licence by Uber, a section of drivers of the US-based taxi aggregator met transport minister Gopal Rai and raised their issues before him.
The Centre will today issue an advisory to the states with regard to the functioning of app-based taxi hailing services such as Uber and Ola, a senior Road Ministry official said yesterday.
Reports of Uber, TaxiForSure and Olacabs going off the roads in Delhi have been doing the rounds, with ISPs blocking the websites to prevent booking of cabs in the city. However, a person close to the matter has just confirmed to BGR India that the three aggregators have not been informed of any such ban, and the app and the website of the companies are functioning perfectly.
Last week, reports surfacing online claimed that Ola was in talks to raise as much as $400 million in the latest round of funding. Today, the company has announced that it has successfully raised Rs 2,500 crore in Series E funding with an aim to expand its services in the country.
App-based taxi aggregator Ola is in talks to raise fresh funding of up to USD 400 million (about Rs 2,500 crore) from a clutch of investors including DST Global, sources said. Ola is locked in intense negotiations over the new round of funding as investors are closely "studying the firm's future plans," sources close to
After buying rival TaxiForSure last month for $200 million, Olacabs has announced that is has raised $314 million (approximately Rs 1,954 crores) in fresh funds. This new funding round saw investors like DST Global, Accel Partners, Tiger Global and Steadview Capital.
Uber has changed its business model considerably since its entry into India. Now, for the first time, Uber has entered into the autorickshaw aggregation space and have launched UberAUTO. The initiative has made its debut in Delhi, where autorickshaws can now be booked just via a swipe on the app.
Cab service company Olacabs received a rather peculiar request from a customer yesterday. A Hyderabad-based physician Seelam Veerapa Naidu tweeted at Olacabs if there could be an option to choose a driver based on their religious faiths. As soon as he tweeted this odd conservative request, Olacabs won the Internet with an apt reply, which not only got lauded by Twitter users but also the likes of rivals Uber and Easy Cabs but also former J&K chief minister, Omar Abdullah.
The government is mulling blocking mobile taxi hailing apps of Uber, OlaCabs and TaxiForSure all over the country, with the Department of Electronics and Information Technology (DEITY) seeking views from the Transport Ministry for the same.
In a new development, Uber is thinking of getting into the auto-rickshaw space. Business Standard reports that the company is branching out of its cab service space, and is foraying into auto rickshaw aggregation services, to give more competition to the likes of Olacabs.
So it s April 1 and as the grand old tradition goes, it's that time of the year when laughing at other people is sort of a mandate. Tech companies love to announce outlandish products on the day, and this year was no different. We saw the existing pranksters like Google getting their game on as usual, but we also some new entrants giving some tough competition to the professionals. Here's our pick of the best and the worst pranks coming out of April Fools' Day 2015 by tech companies.
Looks like tech companies have taken the onus of making us laugh rather seriously. After Uber's elaborate plans to prank car-crazy users with its personal toy versions of Lamborghinis and Ferraris, Olacabs has introduced Ola Air. As the name suggests, it is a chopper service aimed to fly people to their destinations in real-time at just Rs 499 per hour. The service is an incredible step forward, and also very untrue. The Ola Air initiative is nothing but a joke, courtesy April Fool s Day.
Uber and Olacabs are under the scanner again in Delhi for operating in the city, even when their radio-taxi license applications are still being processed. Authorities in Delhi Transport department have sent letters to the two companies saying that 'continuing their taxi services would contravene a December order by the government'.
Cab service company Olacabs has announced the launch of Ola Cafe - a food delivery service that promises to deliver your order within 20 minutes. The service has currently been launched in Mumbai, Delhi, Hyderabad and Bangalore, and will be rolled out to other cities soon.