April 20, 2024 13:45 (IST)
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Ola Cabs IPO likely on the cards to raise $500 million: Report

Mumbai: Indian ride-hailing company Ola Cabs is gearing up for an Initial Public Offering (IPO) to secure $500 million with a company valuation of approximately $5 billion, media reports said.

Ola Cabs withdraws international operations to focus on Indian market

Bengaluru: Ride-hailing company Ola Cabs is withdrawing from its international operations, including the United Kingdom, Australia, and New Zealand, to concentrate on expanding its electric vehicle (EV) fleet and strengthening its presence in the Indian market.

Ola Electric to install 10,000 fast charging points by next quarter

Ola Electric has announced plans to ramp up its fast-charging network rapidly to 10,000 points by next quarter.

Ola Electric registers over 30k registrations in December

Ola Electric on Monday announced that it recorded 30,219 registrations in December and captured a 40 per cent market share in the EV 2W segment (as per VAHAN Portal).

Ola Electric IPO likely by Oct end: Report

Mumbai: Ola Electric intends to submit regulatory documents for its IPO, which could raise up to $700 million, by the end of October, Reuters reported.

Ola begins bike taxi services in Bengaluru

Ola Co-Founder and CEO Bhavish Aggarwal has announced restarting the operation of electric bike taxis from Saturday.

Ola reports Rs 1,970.42 cr consolidated revenue in Q1FY24; loss widens 32% YoY to Rs Rs 1,522 cr

Mumbai: Ola, owned by ANI Technologies reported a substantial increase in consolidated revenue to Rs 1,970.42 crore in Q1FY24, marking a nearly 100 percent year-on-year (YoY) growth, Moneycontrol reported citing a filing with the Registrar of Companies (RoC).

Ola likely to launch IPO in 2024

Mumbai/IBNS: Cab aggregator Ola has put a hold on its IPO owing to the turbulent market situation, Ola Cabs Co-Founder and CEO said on Saturday, adding that the company is planning to announce it the next year.

Ola's first electric car on track, likely to hot market in 2nd half of 2024

Bengaluru: Electric-scooter maker Ola Electric Mobility Pvt. is moving ahead on its plan to deliver its first four-wheel vehicle in the second half of 2024, Bloomberg reported citing the company’s Chief Financial Officer G.R. Arun Kumar.

Ola lays off 200 employees across businesses in restructuring exercise: Reports

Bengaluru/IBNS: Soft Bank-backed ride-hailing and EV manufacturing company Ola has laid off around 200 employees, media reported.

Ola CEO Bhavish Aggarwal tore papers, punished employees: Report

Ola CEO Bhavish Aggarwal, who aims to be India's answer for ElonMusk with his cheap electric cars, has found himself in the midst of criticism, as a Bloomberg report said that many past and present employees have revealed his abrasive and unsparing behaviour which upset board members and managers.

Ola likely to layoff 200 employees across software teams: Reports

Ola is likely to lay off 200 employees across its software teams, especially those working for the work related to its app, media reports said.

Ola and Uber in talks for a possible merger: Report

Ola and Uber are mulling a merger of their operations in India, media reports said adding that Ola co-founder and CEO Bhavish Aggarwal met Uber's top officials in San Francisco, US.

Ola to invest $500 million to set up Battery Innovation Centre in Bengaluru

Bengaluru:  Ola Electric will invest $ 500 million to set up a Battery Innovation Centre in Bengaluru, the company said Monday.

RBI slaps Rs 1.7 cr fine on Ola Financial Services for non-compliance

Mumbai: The Reserve Bank of India (RBI) slapped a Rs 1.67 crore fine on Ola Financial Services Ltd, the financial arm of app-based ride-hailing firm Ola, for non-compliance with its prepaid payment instrument (PPI) and know-your-customer (KYC) guidelines.