olacabs

  • Ola, Uber’s Main Rival In India, Raises $315M More According To Filing

    Ola, Uber’s Main Rival In India, Raises $315M More According To Filing

    Ola, the taxi-calling app that is Uber’s biggest competitor in India, has raised $315 million in new funding from DST Global, as well as returning investors Tiger Global, Steadview Capital, and Accel Partners. The new capital was disclosed in filings with the Registrar of Companies obtained by research firm Tofler and brings the total Ola has raised so far to about $592 million. Read More

  • India’s Answer To Uber, Ola Takes $210M Led By Softbank At $1B Valuation

    India’s Answer To Uber, Ola Takes $210M Led By Softbank At $1B Valuation

    SoftBank is doubling down on India, quite literally. The Japanese tech powerhouse, flush with billions from its extremely lucrative Alibaba investment, is today confirming that it has led a $210 million investment in Ola, an Uber-style service in India that aims to use technology to shake up and dominate the car-for-hire and wider transportation market in the country. The news comes at the… Read More

  • Olacabs Makes Live Traffic Heatmaps In India To Solve Its Cab Problem

    Olacabs Makes Live Traffic Heatmaps In India To Solve Its Cab Problem

    Getting a cab in Mumbai isn’t the same as it is in other countries, according to one of the taxi app startups in India. Olacabs‘ co-founder, Bhavish Aggarwal, said it’s harder to flag down a cab in India’s financial capital because there are fewer of them plying the streets. For Mumbai’s 15 million people, there are just 60,000 taxis running around. Car… Read More