The battle for dominance in India’s fast-growing online food delivery market is a two-way affair between Swiggy and Zomato
Sachin Bansal pumps in Rs 150 cr in Ola, more investments on the cards; firm eyes to raise $1 bn in funding
The allotment of these shares to Bansal is part of Ola's plans to raise about $1 billion in funding, they added.
Ola in talks with Naspers for fresh funding; cab-hailing major may see its valuation go up to $7-8 billion
Ola is also in talks with Singapore's Temasek Holdings Pvt. Ltd and two other funds to raise $1 billion capital
Ola raises $50 million from Sailing Capital and China-Eurasian Economic Cooperation Fund; plans to enter New Zealand
Sailing and CEECF (state-backed investment fund of China) will together hold more than one per cent stake in Ola (run by ANI Technologies)
Ola, which competes against US-based Uber counts among its investors names like Softbank, Tiger Global, Tencent and Sequoia Capital, among others
Ride hailing app Ola saw its losses widening to Rs 4,897.8 crore, even though its total income grew 70 percent during FY2016-17 as compared to the previous fiscal, as per regulatory documents.
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Ola to invest $200 mn in Foodpanda after buyout; company returns to food delivery to take on UberEATS
The deal marks Ola’s return to the food delivery business, which it exited in 2016,
In 2014, Ola had forayed into food delivery business with Ola Cafe and had expanded offering to cities like Delhi, Mumbai and Bengaluru
SoftBank subsidiary SIMI Pacific Pte picked 12,97,945 shares valued at Rs 10 at a premium of Rs 12,895 in ANI Technologies -- which runs Ola
In the earning statement for nine months ended December, SoftBank wrote off 39.28 billion yen in the value of shares in its Indian investments, which include Ola and Snapdeal.
It was alleged that the company was driving out existing players as the fare charged by it was 'abysmally low' and was claimed to be less than one-third of the government prescribed rates