Sources: Ola's AI venture Krutrim's smart assistant Kruti is unavailable to users and the development of its Indian multilingual LLM, Krutrim 3, has stalled
While ‘Kruti’ was not accessible via its direct website, kruti.ai, which showed a “site not found” error, users accessing …
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 …