Ola

About

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

Kormangala,Karnataka,India
5001 - 10000
https://www.olacabs.com

Highlights

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
Feb 28, 2018 Ola Fleet Technologies	Series Unknown	₹500M	Internet Radio	Yes
Jun 21, 2017 Mswipe Technologies	Series D	$31M	Financial Services	—

Investors

Number of Lead Investors

Number of Investors

33

60

Ola is funded by 60 investors. Arrow Capital Partners and Axis Asset Management Company are the most recent investors.

Investor Name	Lead Investor	Funding Round
Arrow Capital Partners	Yes	Series J
Axis Asset Management Company	Yes	Series J
Segantii Capital Management	Yes	Series J
SoftBank	Yes	Debt Financing
Edelweiss Financial Services	Yes	Series J
Temasek Holdings	Yes	Private Equity（PE）
ARK Ola Pre IPO Private Investment Trust	Yes	Series J
Deshe Holdings	Yes	Series J
DIG Investment	Yes	Series J
Hyundai Motor Company	Yes	Corporate Round

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