Ani Technologies

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Ani Technologies - Total results - 13
Zomato lays off 60 employees in customer support team 'to cut costs and reduce redundancies'
Business

Zomato lays off 60 employees in customer support team 'to cut costs and reduce redundancies'

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
Business

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
Business

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
Business

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 founders seek CCI nod for hiking stake in cab aggregator ANI Technologies
Business

Ola founders seek CCI nod for hiking stake in cab aggregator ANI Technologies

Ola, which competes against US-based Uber counts among its investors names like Softbank, Tiger Global, Tencent and Sequoia Capital, among others

Cab aggregator Ola's losses widen to Rs 4,898 cr in fiscal 2017 despite 70% jump in total income
Business

Cab aggregator Ola's losses widen to Rs 4,898 cr in fiscal 2017 despite 70% jump in total income

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.

Tech nationalism is a complex game; a ‘swadeshi index’ may support the right Indian startups
Business

Tech nationalism is a complex game; a ‘swadeshi index’ may support the right Indian startups

When is a company Indian? Is it by who it serves, who or how many it hires, the origin of the person who runs it, or who owns it?

Right or Left? Home or away? The time has come for India to talk double-edged tech nationalism
Business

Right or Left? Home or away? The time has come for India to talk double-edged tech nationalism

Can a nation of one billion people build a global tech giant even as new frontiers of technology arrive?

Ola to invest $200 mn in Foodpanda after buyout; company returns to food delivery to take on UberEATS
Business

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,

Ola to re-enter online food delivery market, will buy Foodpanda’s India unit in an all-stock deal
Business

Ola to re-enter online food delivery market, will buy Foodpanda’s India unit in an all-stock deal

In 2014, Ola had forayed into food delivery business with Ola Cafe and had expanded offering to cities like Delhi, Mumbai and Bengaluru

SoftBank infuses Rs 1,675 crore in Ola Cabs; fresh funds to help Bengaluru co take on rival Uber
Business

SoftBank infuses Rs 1,675 crore in Ola Cabs; fresh funds to help Bengaluru co take on rival Uber

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

SoftBank loses $350 million on investments in Snapdeal, Ola
Business

SoftBank loses $350 million on investments in Snapdeal, 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.

CCI rejects 'predatory pricing' allegations against Ola
Business

CCI rejects 'predatory pricing' allegations against Ola

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