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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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Ola Electric Customises Ola S1 Pro For The Netherlands Embassy In India

The advanced manufacturing and industry 4.0 processes implemented at the Ola Futurefactory enabled Ola to customize the scooters effortlessly and within days without interruptions to its regular production.

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Ola General Counsel Sandeep Chowdhury Steps Down: Report

Ola did not respond to emailed queries seeking response on Chowdhury's resignation and the spate of senior-level exits being seen at the company.

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Ola Begins Pilot Of Quick Grocery Delivery Service: Sources

Customers will be capable to order from an assortment of practically 2,000 objects throughout a number of classes together with groceries, drinks, residence and private care as properly pet care merchandise.

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