Ola Cabs

ANI Technologies Pvt. Ltd., operating under the trade name Ola, is an Indian online transportation network company. Ola is India's most popular mobile application for booking your cab, changing the way you travel in your city, forever! We bring together cab drivers and customers using technology to make transportation hassle free for everyone.

Ola integrates city transportation for customers and driver-partners onto a mobile technology platform ensuring convenient, transparent, and quick service fulfilment.

Ola Cabs was founded on 3 December 2010 by Bhavish Aggarwal, currently CEO, and Ankit Bhati. As of 2017, the company has expanded to a network of more than 600,000 vehicles across 110 cities. In November 2014, Ola diversified to incorporate autos on trial basis in Bangalore.

Ola is focused on leveraging the best of technology and building innovative solutions ground-up, that are relevant at global scale.

Ola Play the world’s first connected car platform for ride-sharing was launched in 2016, transforming commuting experiences and setting the tone for global innovation in this space. Beyond offering a highly personal experience for users during their rides, Ola Play also allows its partners like Microsoft, Apple Music, Sony Liv amongst others, to build a high quality interactive and productive experience for its users.

 

With Ola mobile app, users across 110+ cities, can connect with over 1,000,000 driver-partners across cabs, auto-rickshaws, and taxis.  

 

Ola Cabs is backed by top tier investors including Temasek Holdings, RNT Capital, SoftBank, and Tencent Holdings. The company raised $11.4M in it's most recent funding of a "Series J" round on Jul 2, 2019. The latest financing brings Ola's total funding to $3.8B to-date.

 

Ola hits its valuation to $6.2B during a financing in late March 2019. The company has acquired 6 companies including Foodpanda India, & Qarth, as well as made around 5 investments totalling over $140M to-date.

 

 

 

  • Year founded: 2010
  • Funding Info: $3.8B in 22 Funding Rounds (Last Funding Type: Series J)
  • Yearly Revenue: Rs 1,170 crore in (2018)
  • Employee Size: 5,001-10,000
  • Business Valuation: Valued at $6.2B as of Mar 17, 2019
  • City/Town: Bengaluru
  • State: Karnataka
  • Country: India
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