Latest Articles in ola
Bengaluru Man Wins Case Against Ola Over Defunct AC in Cab, Receives Rs 15k As Compensation
The judges looked over customer's complaint and observed that, despite the vehicle's broken AC, Ola had received the full amount of Rs 1,837, as the company admitted in the email
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Ola Fires 200 Employees Across Verticals In 'Restructuring Exercise': Report
Fresh downsizing round had started early this week across the verticals of Ola Cabs, Ola Electric and Ola Financial Services
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Ola Acquires 1500 Acres Land To Set Up EV Factory
Ola is expected to infuse around Rs 1 lakh crore in the 'electric vehicles' park that is setting up in the Krishnagiri district in Tamil Nadu by the end of the decade
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Ola Shuts Down Used Cars And Quick Commerce Business; Plans To Focus On EVs
The company claimed its ride-hailing business is delivering its highest ever GMV month on month along with profitability
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Ola Scales Down Food Delivery, Plans To Integrate With Instant Grocery Service
The company had doubled down on its cloud kitchens back in 2020 during the height of the pandemic, and it operated nearly 50 cloud kitchens in the year
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6 Popular Venture-Backed Companies That May Launch IPO In 2022
With the power of alternate datasets, Synaptic has identified a list of 20 venture-backed entities globally that would be aiming for an IPO in 2022 including the likes of Byju’s, Flipkart, Ola, OYO, PharmEasy and Pinelabs from India
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Ola Raises $500M Through Term Loan B
The proposed loan issuance received a staggering response from investors with interest and commitment of approximately US$1.5B.
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Ola In Talks To Raise Over $1B Through Equity, Debt: Sources
The $139 million equity funding raised is part of this larger round, they said adding that the proceeds will be utilised for key growth areas in the new mobility ecosystem.
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Ola Plans IPO In First Half Of 2022
Ola, which has a majority share of India's ride-hailing market, where it competes with Uber Technologies (UBER.N), has plans to raise up to $1 billion through an IPO.
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Moody’s Assigns First-Time ‘B3’ Ratings To Ola, Outlook Stable
Moody's CFRs are opinions of a corporate family's ability to honour all of its financial obligations. It has also assigned a B3 rating to the company's proposed senior secured term loan.
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