OLA

Ola Cabs is also Known as OLA is an Indian online provide transport network company (TNC) headquartered in Bangalore, Karnataka, India. It is developed by AVI Technologies PVT Ltd.

As of April 2017, Ola was valued at $3 billion.

OLA Logo

OLA Logo

Ola Cabs was Founded on Dec 3, 2010, in Mumbai, Maharashtra, India, and the Founder Bhavish Aggarwal (CEO) and Ankit Bhati (CTO).

Bhavish Aggarwal CEO of OLA Cabs

Bhavish Aggarwal CEO of OLA Cabs

Ankit Bhat CO founder and CTO of OLA

Ankit Bhat CO founder and CTO of OLA

As of 2018, The expanded to a network of more than 10,00,000+ Vehicles across 169+ Cities, In November 2014, Ola into expanded The business in multiple Cities like Delhi, Pune, Chennai, Hyderabad and Kolkata starting in December 2014.

Now, they operates in more than 25 Cities in India. These Includes  such as Agra, Ahmedabad, Allahabad, Amritsar, Aurangabad, Bangalore, Bhopal, Bhubaneswar, Chandigarh, Chennai, Coimbatore, Dehradun, Delhi, Faridabad, Goa, Gurgaon, Guwahati, Hyderabad, Indore, Jaipur, Jalandhar, Kanpur, Kochi, Kolkata, Kota, Kozhikode, Lucknow, Ludhiana, Madurai, Mangaluru, Manipal, Mumbai, Mysore, Nagpur, Nashik, Noida, Pondicherry, Pune, Ranchi, Surat, Thiruvananthapuram, Thrissur, Tirupati, Tirupur, Trichy, Udaipur, Vadodara, Varanasi, Vellore, Vijayawada, Vizag, and Warangal.

ola car

In January 2018. Ola extended into the leading overseas market Australia and in New Zealand in Sep 2018.

History

In March 2014, Ola Cabs acquired Bengaluru based taxi service of around as ₹1,394 crore (US$200 million).  From 25 June 2015, Ola users gained access to TFS cabs through the Ola mobile application.

In December 2017, Ola acquired with Foodpanda’s business in India. In April 2018, Ola made its second acquisition with Ridlr (Early Traffline), a public transport ticketing app.

Award

ET Awards: Ola’s Bhavish Aggarwal wins Entrepreneur award for corporate excellence of the year.

Services

Ola offers various levels of service, ranging from economic to luxury travel. The cabs are booked through a mobile app and also through their website and the service accepts both cash and cashless payments with Ola money. It claims to measure an average of more than 1,50,000 bookings per day and commands 60% of the market share in India.

OLA Launches privileges program

OLA Launches privileges program

Concerns of drivers

Ola from January 2017 has been highly criticised for continuously leaving the driver incentives which in turn is affecting driver-partners monthly income. Now a day, Daily  income of cab drivers is now equal to auto drivers running in the city after deducting all dues.

Charges include:

  • Base fare (fixed amount)
  • Distance fare (charged per kilometer)
  • Ride time fare (charged per time is taken to travel)
  • Peak pricing (direct ratio depending on the demand for cabs)
  • GST (5%)
Corporate Dossier Ola Cabs

Driver credibility

Delhi Transport authority in early 2015 asked the credibility and required verification of drivers working for Ola, along with other competitors such as Uber. The inquiry revealed that approximately 80% of drivers amongst all services did not own permits to ply commercial transport services in Delhi.