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Popular Vehicles and Services to float IPO on March 12

The IPO comprises a fresh issuance of equity shares worth Rs 250 crore and an Offer For Sale (O…

PTI   


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Layoffs begin at Ola, 200 employees to be impacted by restructuring exercise

Ride-hailing major Ola has started to lay off 200 employees from its Ola Cabs, Ola Electric and Ola…

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DotPe raises $58 mn, plans to foray into financial services

The platform, which "plans to foray into financial services", currently serves over 7.5 million …

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Ola fined by RBI for failing to comply with its KYC norms

The Reserve Bank of India (RBI) on Tuesday fined Ola Financial Services Private Ltd over Rs 1.67 cr…

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Ola's valuation slashed by more than half by Vanguard

Leading US asset manager Vanguard has further slashed its holding in ride-hailing major Ola by more…

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Ola to invest up to ₹786 crore in Ola Financial Services

As per documents submitted by ANI Technologies (which operates Ola) to the Registrar of Companie…

PTI   


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Xiaomi shuts Mi Financial Services in India to focus on core biz services

Global technology brand Xiaomi on Friday said it has closed the Mi Financial Services in India as p…

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Ola Electric, Ather to refund charger cost to e-scooter buyers

Ola Electric and Ather Energy on Thursday said they will reimburse the cost of chargers to buyers o…

PTI   


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Goa govt launches taxi service app to facilitate easy travel for tourists

Speaking on the occasion, Sawant said the tourist footfall in the state will increase, once visi…

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6 mins read

Tech layoffs to continue for sometime thanks to a slowdown in demand and an uncertain economic environment

Bipin Singh, a business development manager at Byju’s with over 11 years experience in the EdTech i…

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2 mins read

Ola may end up firing another 500 people to save up costs

As Bhavish Aggarwal focuses his energies towards Ola Electric, the ride-hailing platform Ola is pla…

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Ola Electric’s HR Director quits after fourteen months as top executives depart

According to sources, Kondeshan would depart from Bhavish Aggarwal-run electric mobility company o…

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Ola shuts it used car and quick commerce businesses

Ride-hailing platform Ola has shut down its used vehicle business Ola Cars as well as Ola Dash, its…

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4 mins read

BYJU’s, Zomato, Dream11 among India’s most valuable PE/VC-funded companies as per Hurun

The second edition of the Burgundy Private Hurun India 500 report featured India’s 500 most valuabl…

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6 mins read

At least 16 top executives have left Ola in the last two years

Ride hailing giant Ola — run by ANI Technology — has been undergoing a series of high profile exits…

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Bhavish Aggarwal is reportedly stepping away from day-to-day functions of Ola to focus more on tech

ANI Technologies’ founder and chief executive officer (CEO) Bhavish Aggarwal has reportedly decided…

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Ola raises half a billion dollars in debt to fuel its food delivery and quick commerce dream

Ride hailing firm Ola has raised $500 million in debt from undisclosed institutional investors as t…

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Ola is going to acquire CEO Bhavish Aggarwal’s brother’s firm Avail finance

Ride hailing giant Ola on Friday announced that it has entered an agreement to acquire online lendi…

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Ola S1 and S1 Pro test rides to begin on November 10

Test rides will allow users to see how the vehicle works and if it is suitable for them. …

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5 mins read

DMart and JioMart are unable to keep pace with Dunzo, Swiggy Instamart, Ola Dash

“Grocery shopping in India’s major cities is set to undergo a never-seen-before tec(h)tonic …