Ola fires 1,400, says revenues plunge 95% in two months
Ola — backed by global marquee investors including SoftBank, Tiger Global, Tencent, and Steadview Capital—employs about 4,000 people in its Indian operations. It was valued at around $6 billion during its last funding round in September.
Lockdown 4.0: Uber, Ola resume services in more cities
"In compliance with Lockdown 4.0 guidelines by the Government, Uber is resuming servic...
COVID-19 impact: OLA to lay off 1400 employees as lockdown hits revenues
Ride-hailing major OLA has decided to lay off 1,400 employees amid t...
Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners
Apoletto Managers, the and Arun Sarin's family office also participated in the round. This deal closed at a valuation of $250 million, according to two people directly aware of the matter.
Ola to lay off 1,400 staff as COVID-19 pandemic hits revenues
In an email to employees, Aggarwal made it clear that the prognosis ahead for the business is "very unclear and uncertain" and the impact of this crisis is "definitely going to be long-drawn for us".
Ola platform to aid state governments
Ola said it has opened up its technology platform to assist state governments in managing real-time navigation and on-ground operations to tackle the Covid-19.
Ola, Uber resume services in select cities. Read to know if yours is on the list
Uber's services in all cities which fall under the Red Zone remains suspended.
Ola partners Delhi government to offer free emergency mobility to citizens
"Ola is providing convenient, reliable and safe transport services for all non-COVID medical trips such as scheduled check-ups, dialysis, chemotherapy and for immediate medical needs such as injuries, amongst others," it added.
Ola Group, Bhavish Aggarwal contribute Rs 1 crore towards Punjab CM Relief Fund
Bhavish Aggarwal was born in Chandigarh and hails from Ludhiana, where he spent a significant part of his early years.
Ola starts service for hospital visits in Bengaluru
Ola Emergency, as the ride-hailing firm calls it, will offer rides from a customer’s home to any of the 200 hospitals in Bengaluru, and back.
Ola Group contributes Rs 50 lakh to CM's Relief Fund
The fund would be used to provide on-ground relief measures across the state during the on-going COVID-19 pandemic.
Ola Cabs to start services for non-COVID-19 medical emergencies in 15 cities across India
Ola has decided to ferry non-COVID medical emergencies. We launched Ola Emergency services in Bengaluru & now we are offering services in ne...
Covid-19: Ola waives car lease rentals
For drivers, the move is likely to reduce the burden of managing a vehicle, which includes leasing cost and parking, besides offering them flexibility to find other jobs in the meantime. It also helps Ola to protect its assets.
Shared mobility companies take a U-turn to stay on the road
Ola, Uber, Vogo, Bounce, Rapido, and Yulu are expanding their portfolio and restructuring their category mix as consumer appetite for on-demand mobility looks to weaken, at least for a year.
Coronavirus: Ola, Uber suspend shared rides temporarily
Ride hailing companies like Ola and Uber have announced temporary measures to prevent the spread of coronavirus and protect customers and its drivers.
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