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Ola

company

About

Ola is a mobility platform and ride-hailing company that integrates city transportation for customers and driver partners.

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
₹10B
Industries
Apps,Mobile,Ride Sharing,Transportation
Founded date
Dec 3, 2010
Number Of Employee
5001 - 10000
Operating Status
Active
Legal Name
ANI Technologies Private Limited
Also Known As
Olacabs.com,Ola Cabs,Olacabs,ANI Technologies

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
29
₹26.35B $4.57B
Ola has raised a total of ₹26.35B $4.57B in funding over 2 rounds. Their latest funding was raised on Feb 22, 2022 from a Series J round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Feb 22, 2022 Series J ₹1.50B 3 Arrow Capital Partners
Axis Asset Management Company
Segantii Capital Management
Detail
Dec 16, 2021 Debt Financing $500M 1 SoftBank Detail
Dec 8, 2021 Series J $139M 8 Edelweiss Financial Services Detail
Jul 9, 2021 Private Equity(PE) $500M 4 Temasek Holdings Detail
Sep 23, 2019 Series J $5.10M 1 ARK Ola Pre IPO Private Investment Trust Detail

Investments

Number of Investments
Number of Lead Investments
4
3
Ola has made 4 investments. Their most recent investment was on Dec 18, 2018, when Vogo raised $100M.
Date Company Name
Round Money Raised Industry Lead Investor
Dec 18, 2018 Vogo
Corporate Round $100M Rental Yes
Aug 14, 2018 Vogo
Series A $7M Rental Yes
Series Unknown ₹500M Internet Radio Yes
Series D $31M Financial Services

Employee Profiles

Number of Employee Profiles
21
Ola has 21 current employee profiles, including Employee Vishnu Kaura
Employee
Executive
Executive
Employee
Advisor

Exits

Ola has had 1 exits. Ola most notable exits include Vogo

Date Company Name Exit Type Industry
Mar 28, 2022 Vogo M&A Rental Detail

Acquisition

Ola has acquired 8 organizations. Their most recent acquisition was TaxiForSure on Mar 2, 2015. They acquired TaxiForSure for $200M.

Date Company Name
Industry Acquisition Type Price
Mar 2, 2015 TaxiForSure
Association acquisition $ 200M Detail
Nov 11, 2015 Geotagg
Information Technology acquisition Detail
Mar 21, 2016 Qarth
Mobile Payments acquisition Detail
Dec 19, 2017 Foodpanda India
E-Commerce acquisition $ 31.70M Detail
Apr 3, 2018 Ridlr
Apps acquisition Detail