Sources: Ola's AI venture Krutrim is looking to raise up to $300M, down from a planned raise of about $500M, after seeing poor investor appetite
New Delhi: Bhavish Aggarwal is looking to raise up to $300 million for his artificial intelligence venture Ola Krutrim, curtailing his ambitions …
Industry executives say Rapido has a 20% ride-hailing market share in India's four-wheeler segment, Uber has ~50%, and Ola holds most of the remaining 30%
The Economic Times :
Uber and Ola deny setting fares based on phone models in India after a government body alleged that the firms use differential pricing for Android and iOS users
Google cuts Maps API pricing for Indian developers by ~70% and starts accepting payments in rupee, after Ola offered one-year free developer access to Ola Maps
Google has slashed the pricing of Google Maps platform for developers in India by as much as 70% from August 1 as the company …
Bain & Co. and Flipkart report: India's e-commerce userbase is expected to grow 25%-30% annually for the next five years, passing the US in two years
One quick thing: In a blow to ride-hailing platforms Ola, Uber, and Rapido … Bain : How India Shops Online 2022 How India Shops Online 2022
Sources: Ola and Uber are discussing a merger, four years after a deal didn't materialize, when common investor Softbank pushed for it; Uber denies merger talks
Manu P Toms / The Economic Times :
Indian ride-hailing company Ola reports its first operating profit since beginning operations a decade ago, with $12M for FY ending March 2021
Aditi Shah / Reuters :
Sources: Indian ride-hailing company Ola is seeking to raise about $1B at an $8B+ valuation in a Mumbai IPO; source says the filing could arrive by October
- Citigroup, Kotak Mahindra, Morgan Stanley are on the listing — Startup to seek valuation of more than $8 billion in the IPO
Indian ride-hailing company Ola says it is cutting 1,400 jobs, or 35% of its workforce in the country, as revenue dropped by 95% in the last two months
Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works …
Amazon, Flipkart, Ola, and Uber say they are resuming some services in India's “green” and “orange” zones, covering 82% of the country's 733 districts
E-commerce firms Amazon and Walmart's Flipkart, and ride-hailing giants Ola and Uber are partially resuming …