Cab service Archives

Ace Cab-hailing Company Ola Raises Rs. 232 Crores from Existing Investors

Chinmay BidkarAugust 3, 2017

03 August 2017, India: One of India's ace cab-hailing company Ola has raised Rs. 232 Crores from the existing investors as per the report by VCCircle. ...

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Ola Set to Raise $400 Million Funding from Chinese Internet Giant Tencent Holdings

Chinmay BidkarJuly 27, 2017

27 July 2017, India: Bangalore-based Ola is all set to raise a whopping $400 Million funding from the Chinese internet giant Tencent Holdings. “Tencen...

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HPE’s Meg Whitman to be Uber’s New CEO?

Chinmay BidkarJuly 27, 2017

27 July 2017, India: Every week, there's a new name popping up for the role of CEO of Uber. Latest addition to the list is Meg Whitman, current CEO of He...

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Grab to Raise $2.5 Billion from Softbank, Didi Chuxing

Chinmay BidkarJuly 24, 2017

24 July 2017, India: Southeast Asia's Grab, Uber Technologies's biggest rival is raising $2.5 billion in funding from Japan's SoftBank and China's top ri...

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Ola Raises $50 Million Funding from US-based Tekne Capital

Chinmay BidkarJune 14, 2017

14 June 2017, India: One of India's leading ride-hailing company Ola has raised additional $50 million funding. The round was led by US-based hedge fund ...

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SBI Suspends Loans For Uber And Ola Cab Operators

Chinmay BidkarMay 29, 2017

29 May 2017, India: While Ola might be aiming for Electric cars and Uber for Business expansion in India, the cab drivers of both the companies are facin...

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Bengaluru-based Ola Loses Rs. 2313.7 Crore in FY16

Chinmay BidkarMay 1, 2017

1st May 2017, India: India's leading ride-hailing startup, Ola has widened its losses in the Financial Year 2016 to Rs. 2313.7 crore as per the report by...

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Post the Fresh Funding of $5 Billion, Didi Chuxing Will Become Second Most Valuable Startup in World

Chinmay BidkarApril 27, 2017

27 April 2017, India: China's top ride-hailing firm, Didi Chuxing is set to raise up to $6 billion with Softbank Group Corp leading the round. It'll incr...

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Inspite of Double the Bookings, Uber lost $2.8 Billion in FY16!

Chinmay BidkarApril 15, 2017

15 April 2017, USA: The ride-hailing service Uber, for the very first time, opened up about the finances. The company shared financial data with Bloomber...

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Turning Point for Ola If SoftBank Invests Rs 2,000 cr!

Chinmay BidkarOctober 24, 2016

24 October 2016, India : Ola is always a step behind Uber, investment might be one of the key factor but that soon is going to change. As per the ET repo...

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