Indian ride-hailing giant Ola is shutting down its operations in the UK, Australia and New Zealand, six years after expanding to international markets.
Krutrim, an AI startup founded by Ola founder Bhavish Aggarwal, said it has raised a funding round that values it at $1 billion. The startup, founded last year, is the fastest to become a unicorn in I
India’s Ola Electric seeks to raise $661.8 million by selling new shares in an initial public offering, the six-year-old Bengaluru-headquartered startup said in draft papers filed with the coun
The U.S. index fund pioneer Vanguard has cut the worth of its holding in the Indian ride-hailing startup Ola by nearly two-thirds since original investment, and Neuberger Berman has slashed the worth
Ola Electric said on Thursday that it has raised $384.43 million in a funding round, which included about $240 million in debt. The new round values the Bengaluru-headquartered electric vehicle startu
The U.S. index fund pioneer Vanguard has cut the worth of its holding in the Indian ride-hailing startup Ola by more than half since original investment, according to an analysis of its filings. Vangu
Indian entrepreneur Bhavish Aggarwal, co-founder of ride-hailing firm Ola and electric vehicle startup Ola Electric, is venturing into fresh terrain as he navigates his businesses toward initial publi
Ola, an Indian ride-hailing startup, has seen its valuation trimmed by its backer Vanguard amid a weakening global economy that has significantly impacted market capitalizations across numerous public
Suneeta Kohli, a female Uber driver in New Delhi, had her account suddenly disabled one evening while she was en route to pick up a rider in a southern part of the capital city. “I was reaching
Research firm Fairwork India blasted Ola, Uber, Dunzo, PharmEasy and Amazon Flex in a report Tuesday, saying the firms scored zero in its assessment of whether they created fair conditions for their g
SoftBank-backed Ola plans to eliminate about 200 jobs across its engineering teams over the next few days, on track to shrink its workforce by over 1,200 this year, as the ride-hailing giant streamlin
For nearly all fintech startups, lending has long been the end game. A notice from India’s central bank this week has thrown a wrench into the ecosystem, scrutinizing just who all can lend. The Rese
Uber said on Thursday it has never explored exiting India, a key overseas market for several tech giants, dismissing a claim that it had held discussions to sell the local unit. Bloomberg reported ear
Ola said on Thursday evening it has reached an agreement to acquire Avail Finance, a financial services startup that serves the blue-collar workforce, as the ride-hailing giant looks to expand its fin
Airtel said on Monday it is launching a credit card, the latest attempt from the Google-backed Indian telecom operator to make inroads with financial services as it looks to expand its offerings in th
Ola Electric said on Monday it has raised $200 million in a new financing round even as the Indian ride-hailing giant’s spin-off struggles to deliver its maiden electric scooter to customers and
Indian ride-hailing giant Ola has raised $139 million at a valuation of about $7.3 billion, it said in a filing, ahead of its plans to file for an initial public offering early next year. Mumbai-headq
Bangalore-based Bounce on Thursday priced its first electric scooter at as low as 36,000 Indian rupees ($480), considerably undercutting the heavily-backed rival Ola as the mobility war intensifies in
SoftBank Group chief executive Rajeev Misra said the fund has invested $3 billion in Indian companies this year and can invest $5 billion to $10 billion next year, the latest aggressive play by a top
It appears that India's startups utterly crushed previous venture records in Q3. What does that tell us? That India is precisely as bonkers-busy as we thought. And that it's coming for China.
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