Ola

India’s Ola to begin operations in London in ‘coming weeks’

Indian ride-hailing giant Ola said today it will begin operations in London “in the coming weeks,” a day after the local authorities revoked Uber’s license to operate in one of the world’s

PR pitch to Ola reveals the inner workings of UK ride-hailing politics

A UK PR firm pitching to run an account for Ola has proposed running a campaign to politicize ride-hailing as a tactic to shift regulations in its favor. The approach suggests that, despite the appear

‘Cloud kitchens’ is an oxymoron

The biggest wave in consumer products right now has all the hallmarks of another bubble of misplaced investor expectations and sadly lower margins. Cloud kitchens (the category, and not just CloudKitc

Indonesia’s ride-hailing giant Gojek launches video streaming service GoPlay

On-demand video streaming giant Netflix, which is increasingly expanding its footprint in developing markets, now has a new competitor in Indonesia: Gojek. The Indonesian ride-hailing giant on Thursda

India’s ride-hailing giant Ola makes serious bet on two-wheeler

Ola, the largest ride-hailing service in India, said today its two-wheeler service — Ola Bike — is now operational in 150 Indian cities and towns and it intends to grow this business by th

Ola gets a taxi license in London and plans to launch services in September

London is one of the world’s biggest markets for consumers who travel using ride-hailing services. Is it now also becoming one of the most crowded when it comes to the companies offering the tra

Ola Electric becomes India’s newest unicorn with new $250 million investment from SoftBank

India’s Ola is further widening its lead over Uber in the nation — and getting the help it needs from their mutual investor. Ola Electric has raised $250 million from SoftBank as India&#82

India orders Uber and rival Ola to electrify 40% of fleets by 2026

India is doubling down on its push to replace gasoline and diesel vehicles on its streets with environmentally friendly electric cars. The government plans to order ride-hailing firms such as Uber and

The savage genius of SoftBank funding competitors

Venture capitalists aren’t supposed to make their portfolio companies battle to the death. There’s a long-standing but unofficial rule that investors shouldn’t fund multiple competit

India’s Ola switches gears on its food delivery business, Foodpanda

India’s Ola, which has expanded to select international markets and set ambitious goals for its electric vehicles business, is struggling with selling food. So it is making major changes to its food

Flipkart ranked highly for ‘fairness’ of working conditions in India gig platform study

The Oxford Internet Institute has published what it bills as the world’s first rating system for working conditions on gig economy platforms. The Fairwork academic research project is a collabor

Ola raises $300M as part of a new electric vehicle partnership with Hyundai and Kia

Ride-hailing platform Ola announced today that it has raised $300 million from Hyundai and Kia as part of a strategic partnership focused on electric vehicle development. This brings the company’s t

Why can’t we build anything? (Part 2)

One of the major themes we are working on these days at the Extra Crunch Daily is trying to understand why America and many other Western nations can’t seem to build infrastructure anymore. The answ

Flipkart co-founder Sachin Bansal invests $92M in Ola

The money is starting to flow from India’s largest startup exit. Ola has added a major name to its ongoing financing round after it confirmed that Flipkart co-founder Sachin Bansal has invested

India’s Ola is adding a monthly billing option for its ride-hailing customers

Ola, the ride-hailing service battling Uber in India, is introducing credit services to its users as it moves closer to a major new funding round. Today the company took the wraps off Ola Money Postpa

Uber’s India rival Ola nears $6 billion valuation ahead of huge funding round

Ola, India’s local rival to Uber, has seen its valuation jump to nearly $6 billion as it prepares to take in a large round of financing. The ride-hailing firm, which was founded in 2010, has rai

Ola, Uber’s India rival, invests $100M in scooter rental startup Vogo

We’re familiar with Uber cozying up to scooter startups — it has bought one and invested in another — but over in India, the U.S. firm’s key rival is hatching a major alliance

Ola raises $50M at a $4.3B valuation from two Chinese funds

Ola, the arch-rival of Uber in India, has raised $50 million at a valuation of about $4.3 billion from Sailing Capital, a Hong Kong-based private equity firm, and the China-Eurasian Economic Cooperati

India’s Uber rival Ola is headed to Europe with ride-hailing launch in the UK

The UK is getting a new alternative to Uber after India-based ride-hailing company Ola announced plans to expand to the country, which will become its first market in Europe. Ola was founded in 2010 a

Uber’s Indian rival Ola is aiming for an IPO in 3-4 years

Ola, Uber’s chief rival in India, is planning to go public potentially as soon as in three years time, according to its CEO. Co-founder and chief executive officer Bhavish Aggarwal told the aud
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