US SEC filing: Vanguard marks down Ola Consumer's valuation to ~$70.3M; Ola, which faces intense competition from Uber and Rapido, was valued at $7.3B in 2021
US-based asset management firm Vanguard has sharply marked down the valuation of ride-hailing company Ola Cosumer to approximately $70.3 million …
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 :
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
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
Ola says Ola Bike, the two-wheeler service it launched in 2016, is now operational in 150 Indian cities and towns, and it intends to grow it 3x in the next year
Ola, the largest ride-hailing service in India, said today its two-wheeler service — Ola Bike — is now operational …
Ola says it has received a private hire vehicle license from Transport for London and plans to launch its ride-hailing service in the city in September
Tim Bradshaw / Financial Times :
Ola says it has received a private hire vehicle license from Transport for London and plans to launch its ride-hailing service in the city in September
London's transport agency has given India's Ola the green light to launch its ride-hailing service in the UK capital …