Ola Stock
Mobility Platform
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About Ola Stock
Ola operates a mobile technology platform that integrates city transportation for customers and driver partners in India. Its mobile application allows its customers to book a range of cabs, auto-rickshaws, bikes, and shuttle buses. Ola's mobile application allows customers to book city taxi, outstation travel, car rental, and corporate travel services. Its mobile application is available on Windows, Android, and iOS platforms. Ankit Bhati and Bhavish Aggarwal founded Ola on December 1, 2010. It has its headquarters with additional offices in Bengaluru in India.
Investors
ARK Ola Pre IPO Private Investment Trust
China Eurasian Economic Cooperation Fund
Deshe Holdings
DIG Investment
Eternal Yield International
GIC
Flipkart, Alibaba, Ola, Rappi, Devoted Health, Affirm, Brex, SambaNova Systems, OakNorth, Square
Hyundai Motor Company
J3T Ventures
Kia Motors
Lyon Assets
Matrix Partners
Ola, Quikr, Fivetran, Sila Nanotechnologies, Salsify, Goat Group, Vectra, Quora, TechStyle Fashion Group, Gilt Groupe
Matrix Partners India
RNT Capital
Sailing Capital
Sequoia Capital India
MobiKwik, OYO, Ola, Razorpay, WuXi NextCODE, Polygon Technology, Druva, Innovaccer, Twin Health, Beam
SoftBank
One97, Flipkart, Delhivery, Cruise, OneWeb, Tokopedia, Ola, Rappi, Devoted Health, AUTO1 Group
SoftBank Capital
Alibaba, SoFi, Ola, Compass, Snapdeal, Plenty, Guardant Health, BuzzFeed, Fitbit, Lemonade
SoftBank Telecom Corp
Steadview Capital
Flipkart, Delhivery, Ola, Quikr, Urban Company, Chargebee, Innovaccer, Zenoti
Temasek Holdings
PharmEasy, Tokopedia, Ola, Magic Leap, DoorDash, Impossible Foods, Wish, Snyk, AvidXchange, SambaNova Systems
Tencent Holdings
Flipkart, Swiggy, Ola, Reddit, Nubank, Discord, Miniso, SoundHound, Airwallex, Blockstream
Tiger Global Management
Flipkart, Delhivery, Ather Energy, Databricks, Grab, Chime, Ola, Quikr, Palantir Technologies, CoinSwitch Kuber
Vanguard
Yes Bank
Funding History
| May 2011 | $20K |
|---|---|
| December 2011 | $21K |
| March 2012 | $2.4M |
| January 2013 | $43K |
| July 2013 | $2.3M |
| November 2013 | $4.4M |
| July 2014 | $21.0M |
| July 2014 | $3.3M |
| August 2014 | $719K |
| October 2014 | $154M |
| March 2015 | $79.8M |
| March 2015 | $11.5M |
| March 2015 | $234M |
| April 2015 | $68.0M |
| May 2015 | $114K |
| August 2015 | $1.5M |
| September 2015 | $177M |
| September 2015 | $115M |
| October 2015 | $7.7M |
| November 2015 | $38.4M |
| August 2016 | $50K |
| August 2016 | $151K |
| August 2016 | $378K |
| August 2016 | $86K |
| August 2016 | $12K |
| August 2016 | $255K |
| August 2016 | $96 |
| August 2016 | $1K |
| August 2016 | $81K |
| August 2016 | $56K |
| August 2016 | $17K |
| August 2016 | $278M |
| August 2016 | $385M |
| November 2016 | $201M |
| March 2017 | $80.4M |
| June 2017 | $27.8M |
| September 2017 | $310M |
| December 2017 | $3.4M |
| December 2017 | $20.9M |
| September 2018 | $43.7M |
| December 2018 | $1.7M |
| January 2019 | $62.5M |
| January 2019 | $18.0M |
| January 2019 | $13.5M |
| May 2019 | $29.7M |
| June 2019 | $9.4M |
| September 2019 | $4.3M |
| November 2019 | $256M |
| January 2020 | $7.2M |
| November 2021 | $25.7M |
| November 2021 | $47.8M |
| December 2021 | $82.9M |
| December 2021 | $15.0M |
| January 2022 | $18.0M |
| February 2022 | $1.0M |
| March 2022 | $18.0M |
Management
Chief Executive Officer
Bhavish Aggarwal
Chief Financial Officer
Arun Kumar
Press
TechCrunch - Aug, 1 2023
Ola’s Aggarwal sets eyes on AI, semiconductor designTechCrunch - Aug, 1 2023
Vanguard cuts Indian ride-hailing giant Ola’s valuation by 52%TechCrunch - Apr, 6 2023
Drivers in Europe net big data rights win against Uber and Olabuff - Aug, 17 2022
E-scooter maker Ola to launch made-in-India electric cars in two yearsndtv - Jul, 21 2022
Competition Issues: Paytm, Ola Founders, 6 Other Executives To Meet Panelpv-magazine-india - Jul, 19 2022
Ola to open battery cell R&D center next monthmybs - Jul, 18 2022
Bhavish Aggarwal-led Ola to invest $500 million in EV battery R&D unitift - Jul, 17 2022
Ola CEO Bhavish Aggarwal shares plan on sports car, upcoming update for e-scootersthehindu - Jul, 14 2022
Ola unveils indigenously made li-ion cellthetechportal - Jul, 9 2022
Ola delays yearly appraisal, begins layoffs across verticals: Reporteconomictimes - Jul, 8 2022
Ola starts handing pink slips, defers appraisalbusinessinsider - Jul, 8 2022
Ola's talent acquisition head Shikharr Sood quits toobusinessinsider - Jun, 29 2022
11,000 and counting — that’s how bad startup job losses are after Ola, Byju’s & 22 others cut costsstartuparound - Jun, 25 2022
Ola Shuts Down Used Car Business Ola Cars & Grocery Service Ola Dashthehindu - Jun, 7 2022
Ola in talks with multiple global suppliers for USD 1 bn cell manufacturingbgr - May, 26 2022
Ola S1 Pro electric scooter's front fork broke during ride, alleges userbgr - May, 23 2022
Ola CEO claims Ola S1 Pro electric scooters being delivered in 24 hoursyourstory - May, 19 2022
Ola to scale down food business, integrate it with instant grocery servicemedianama - May, 17 2022
Ola threatens to sue if customer doesn’t erase social media postsfirstpost - May, 11 2022
Ola, Uber get warning from Centre; issues of deficiency in services, customer support raised for all ride-hailing platformsthehindubusinessline - May, 6 2022
Ola Cars to shutdown operations in five citiesstandard - May, 20 2021
Uber rival Ola hires Sir Mike Rake in move sparking ride hailing float hopesift - May, 19 2021
Ola appoints Rakesh Bhardwaj as group chief information officeryourstory - May, 13 2021
Ola launches its electric ride-hailing category in London in 'global first'ift - May, 12 2021
Ola, GiveIndia to give free oxygen concentrators at doorstepinc42 - May, 5 2021
Ola, Uber Lose 30,000 Cabs As Drivers Struggle With EMI Paymentstechcircle - May, 5 2021
Second wave of Covid, lockdowns adversely impact Uber India biztelegraphindia - Apr, 25 2021
Ola to launch its electric scooter in Julytrib - Apr, 22 2021
Ola Plans to Build World’s Largest Scooter-Charging Network in Indiabit - Mar, 24 2021
Ola backer Vanguard bets big on listed Indian cos in FY21economictimes - Mar, 24 2021
Policybazaar to team up with Paytm, Ola and IndusInd Bank for NUE bidtrak - Mar, 21 2021
Ola, Uber Drivers On Strike In Delhi-NCR; Demand 200% Raise In Base Farelivemint - Mar, 17 2021
Ola to provide free Covid vaccination to all its employees, their dependentsmintne - Mar, 8 2021
Ola's 500-acre e-scooter factory in Bengaluru to make EV every 2 secondsmintne - Mar, 8 2021
Ola’s EV gambit calls for a silver bullet on wheelslivemint - Mar, 7 2021
Ola wants to do a Tesla, affordablymybs - Mar, 7 2021
Inside Ola's mega factory, India's potential answer to Elon Musk's Teslamedianama - Feb, 24 2021
Ola, Uber drivers say they are exhausted, fear being wiped outaithority - Jan, 20 2021
Ola Adopts Siemens’ Digital Enterprise to Build India’s Most Advanced Manufacturing Facilitymybs - Jan, 11 2021
Uber, Ola face DG-GST Intelligence probe related to alleged tax evasionEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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