Ola invests ₹100 crore in its car leasing business
Ola Fleet Technologies, the cab leasing subsidiary of Ola, has received an additional investment of Rs 100 crore from its parent company.
Ola Fleet Technologies, the cab leasing subsidiary of Ola, has received an additional investment of Rs 100 crore from its parent company.
Ola and Uber cab drivers have to pay more taxes for leasing. Previously the tax was 14% but now it will increased to 29-43%.
The Maharashtra government is planning to create their own app based autorickshaws and cabs, by collaborating with Ola and Uber.
Lahari Recording company filed a complaint of copyright infringement against Ola and their supporting company ANI Technologies.
Ola has raised ₹300 crores in the latest round led by Tekne Capital Management. Ratan Tata's RNT capital also participated in the round which values Ola at ₹23,485 crores
Ola has announced that its shared mobility offering, Ola Share has registered 500 per cent growth in the last one year.
Ola CEO Bhavish Aggarwal has claimed that Ola Auto is a profitable segment for the company and accounts for over 15% of its total revenue.
Cab Aggregator companies, Ola and Uber are looking to increase prices shortly to meet the increasing demands of drivers and to tackle the huge cash burnout.