In a surprising twist, India’s ride-hailing giants Ola and Uber are facing a major investigation after reports surfaced that passengers using iPhones might be paying more for the same ride than those using Android phones. The government has taken notice, and the companies are now under the scanner for potentially engaging in unfair trade practices. Here’s the scoop on this latest controversy…
Introduction: A New Era of Financial AccessibilityInCred Financial Services has announced an exciting partnership with Ola Financial Services, allowing users to apply for personal loans of up to INR 10 lakh directly through the Ola app. This collaboration aims to enhance financial accessibility for millions of users across India, revolutionizing the way personal loans are obtained.
Simplifying…
In the burgeoning landscape of electric mobility in India, Ola Electric has emerged as a formidable player, surpassing competitors like Ather Energy with its ambitious vision and strategic initiatives. Founded by Bhavish Aggarwal and Ankit Bhati, Ola Electric represents a significant leap forward in the country’s transition towards sustainable transportation solutions, particularly with its…
Ola scored valuations by $139 million in its continuous Series J round drove by Edelweiss. The new tranche additionally saw the interest of 20 different financial backers including monetary companies, family workplaces, people and key financial backers.
This is the second financing tranche for Ola in 2021. It had reported a $500 million pre-IPO round in July from Temasek, Warburg Pincus and…
Business by all accounts back for portability new companies after the passes up the pandemic. The last two-fourth of the ongoing monetary (FY22) have flagged this, just as the development on the fundraising front, with Ola, Ola Electric, Rapido, BluSmart, Zoomcar and Chalo raising new adjusts.
The space additionally saw some combination with Mumbai-based public vehicle innovation firm Chalo…
Digital insurance supplier Acko has raised $255 million in a new round led by General Atlantic and Multiples Private Equity. The round also saw participation from CPPIB, Lightspeed Growth and existing investors Intact Ventures and Munich Re Ventures.
According to Acko, the new assets have been raised at a valuation of $1.1 billion, making it the 34th unicorn this year to pave its way into the…
On Indian Independence day, Ola Electric at long last divulged conspicuous provisions, dispatch, conveyance and evaluating of its S1 and S1 Pro bikes. A month prior, the organization additionally announced that it brought $100 million up in the red from the Bank of Baroda (BoB). In any case, it didn’t reveal which element got the obligation round from the public sector bank.
Ola has fused…
Ola, has announced the expansion of its worker investment opportunities (ESOP) pool to Rs 3,000 crore. The company stated it is also allocating an additional Rs 400 crore worth of stocks to its representatives in the approach its IPO.
“This is aimed at long haul, meaningful wealth creation,” said the statement.
Bhavish Aggarwal, Ola’s Co-founder and CEO said,
“At Ola, we’re centered…
As Ola gears up for the launch of electric vehicles under Ola Electric, the company has steered the launch of another portion — Ola Cars, marking its entrance into the pre-owned vehicle retailing space.
While the company is officially yet to remark on this turn of events, the app already has numerous choices for purchasing various cars. It has also has restricted with financial partners for car…
India is home to more than 19,500 dialects and vernaculars, yet in case you are not an English language speaker, odds are you may struggle fitting in at top level colleges and global organizations.
During their corporate work life, Ishan Gupta and Aarti Gupta saw that having the option to talk in English, having great relational abilities, and intellectual capacity has a tremendous effect in…
