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Uber, Ola clock half a billion rides in 2016, says RedSeer

TMT

17 February, 2017

Uber, Ola clock half a billion rides in 2016, says RedSeer

Ride-hailing companies Uber and Ola carried out approximately 500 million rides in 2016, according to a report by RedSeer Management ......

Top-level churn continues at Ola

TMT

13 February, 2017

Top-level churn continues at Ola

The exodus of key personnel at cab-hailing firm Ola shows no signs of stopping, with another top-level resignation coming to ......

Vanguard joins SoftBank in lowering Ola's valuation

TMT

04 February, 2017

Vanguard joins SoftBank in lowering Ola's valuation

A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in ANI ......

Meru Cabs CEO steps down, CTO Nilesh Sangoi to take over

Infrastructure

29 November, 2016

Meru Cabs CEO steps down, CTO Nilesh Sangoi to take over

Meru Cabs CEO Siddhartha Pahwa has resigned from the Mumbai-based radio taxi firm and will be replaced by CTO Nilesh ......

Karnataka HC upholds ban on surge pricing by Ola, Uber

TMT

10 November, 2016

Karnataka HC upholds ban on surge pricing by Ola, Uber

In a blow to ride-hailing apps Uber and Ola, the Karnataka High Court on Thursday upheld the state’s ruling on ......

SoftBank pares down investment value in Snapdeal, Ola again

TMT

08 November, 2016

SoftBank pares down investment value in Snapdeal, Ola again

Japanese telecom and internet giant SoftBank Group Corp has once again marked down the value of its investments in its ......

Ola burnt around Rs 3 for every Re 1 in revenue in FY15

TMT

23 June, 2016

Ola burnt around Rs 3 for every Re 1 in revenue in FY15

Ola, India's largest on-demand cab hailing service, burnt as much cash as the country’s top three legacy online travel agencies—MakeMyTrip, ......