Ola raises $330 mn in fresh round led by SoftBank: Report

Untitled-2_feBengaluru-based cab-hailing firm Ola, run by ANI Technologies Pvt. Ltd, has raised $330 million (Rs 2,200 crore) in fresh funding led by existing investor SoftBank Group Corp, a media report said on Monday. Citing sources it did not identify, Business Standard reported that the Japanese tech giant and two other existing investors participated in the […]

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Ola names Pepsi veteran Vishal Kaul COO

ola_feCab-hailing service Ola said on Monday it has appointed Vishal Kaul as chief operating officer in place of Pranay Jivrajka, who has been named a founding partner. Kaul is an 18-year veteran at beverages giant PepsiCo Inc, where he was most recently general manager at Pepsico Foods for Thailand, Myanmar and Laos. At Ola, he […]

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Ola names Pepsi veteran Vishal Kaul COO

ola_feCab-hailing service Ola said on Monday it has appointed Vishal Kaul as chief operating officer in place of Pranay Jivrajka, who has been named a founding partner. Kaul is an 18-year veteran at beverages giant PepsiCo Inc, where he was most recently general manager at Pepsico Foods for Thailand, Myanmar and Laos. At Ola, he […]

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Ola ropes in former SABMiller exec as CEO of leasing arm

Shalabh SethCab-hailing service Ola has appointed Shalabh Seth as chief executive of Ola Fleet Technologies, a wholly owned leasing subsidiary, the company said in a statement on Wednesday. Prior to joining Ola Fleet, Seth was serving as managing director at SABMiller India, where he was responsible for business expansion and growth in the country. Seth will […]

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Exclusive: Ola’s head of luxury cab business quits

Abhimanyu RawalIt turns out that Ola’s head of new initiatives Sundeep Sahni’s wasn’t the only senior-level exit from the company last week. Abhimanyu Rawal, head of Ola’s luxury cab category, also left the taxi aggregator last week and joined a US retail firm, he told TechCircle. TechCircle first reported about the exit of Sahni, former MD […]

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Exclusive: Sundeep Sahni quits as Ola’s head of new initiatives

VCCircle_Quit2Cab hailing service Ola’s vice president new initiatives Sundeep Sahni has quit the company, two people with direct knowledge of the development told Techcircle. Sahni, a former MD and co-founder of Rocket Internet-incubated e-commerce marketplace Lazada Indonesia, is quitting Ola a year-and-a-half after joining the firm to start his own firm, according to one of […]

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Amazon to go all out in 2017, up India investments

Amit_AgarwalAmazon is planning to ramp up its investment in India in the new year as it continues to take on home-grown e-commerce players Flipkart and Snapdeal. Amit Agarwal, Amazon’s India chief, in an interview with The Economic Times said the firm “will demonstrate massive scale in 2017,” investing heavily in technology, infrastructure and innovation. On […]

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Should the government heed to Flipkart, Ola’s call for protection?

flip-olaA nationalistic fervour swells up in the Indian startup landscape with two of the largest homegrown consumer internet companies seeking protectionist policies amid heightened competition from their global rivals. Co-founders of Flipkart and Ola have demanded a level-playing field for domestic companies and even suggested blockades against foreign firms. Speaking at an event on Wednesday […]

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Flipkart’s Sachin Bansal and Ola’s Bhavish Aggarwal take potshots at ‘non-Indian’ firms

For-Bansal-Aggarwal-Story_ThinkstockPhotos-516357942_feAs the country’s internet and mobile economy is booming in a battle for ideas and capital, Indian founders of startups are increasingly taking aggressive stands against foreign-origin firms. Sachin Bansal, co-founder of India’s biggest e-commerce firm Flipkart and Bhavish Aggarwal, co-founder of ride hailing service Ola were speaking at an event on Wednesday in Bengaluru. […]

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Ola’s Bhavish Aggarwal again takes a potshot at Uber

Bhavish Aggarwal, Co-Founder & CEO, OlaWinning in a competitive market is as much about making tactical pronouncements at opportune moments as it is about making the right business decisions at the right time. It ain’t politicians alone who pick ideas or popular beliefs they know will resonate with their target audience and use them against their rivals. Corporations do the […]

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