Ola raises around $16 million from J3T Ventures, HBM Investment, others

Ola raises around $16 million from J3T Ventures, HBM Investment, others

SoftBank-backed Ola has raised another tranche of around $16 million from at least nine new investors, including J3T Ventures and HBM Investment in its ongoing Series J round, according to documents filed with the Registrar of Companies (ROC) and sourced...
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Demonetisation: Ola Partners With Banks, Oil Companies to Help Drivers Go Cashless to Buy Fuel

Demonetisation: Ola Partners With Banks, Oil Companies to Help Drivers Go Cashless to Buy Fuel

Cab aggregator Ola on Wednesday announced that it has joined hands with leading banks and oil and gas companies to help driver-partners fight cash crunch post demonetisation of high value currency notes. In Bengaluru, Ola has partnered with BPCL to...
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Delhi High Court Directs Ola, Uber to Charge Government Rates From August 22

The Delhi High Court on Thursday directed app-based taxi aggregators, including Ola and Uber, not to charge more than government-fixed rates from its passangers from August 22. Justice Manmohan gave 10 days to these aggregators to comply with the Delhi...
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Ola, Matrix Partners Explicitly Deny Stake Sale to Uber

Ola, Matrix Partners Explicitly Deny Stake Sale to Uber

Bengaluru-based transportation aggregator Ola and its investors Matrix Partners India have categorically denied a report that appeared in DNA on Friday, which alleged that certain investors in Ola plan to sell their stake to Uber. The news report, based on...
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Ola, Uber Bike Taxis Seized by Regional Transport Authority in Bengaluru

Ola, Uber Bike Taxis Seized by Regional Transport Authority in Bengaluru

The Karnataka government on Saturday seized five two-wheeler taxis belonging to app-based cab aggregators Uber and Ola for violating the Motor Vehicles Act and operating without requisite permissions. “They (UberMoto and Ola Bike) did not make any applic...
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