About Ola Cabs
Ola Cabs is a company based in Bengaluru (India) founded in 2010 by Bhavish Aggarwal. It operates as a Mobility-as-a-Service, and Two-Sided Marketplace. Ola Cabs has raised $3.84 billion across 25 funding rounds from investors including Yes Bank, Didi and Tencent. Ola Cabs has completed 11 acquisitions, including Avail Finance, Foodpanda and Foodpanda India. Ola Cabs offers products and services including Ola Cabs, Ola S1, and Ola Stores. Ola Cabs operates in a competitive market with competitors including Zomato, Swiggy, EatSure, JustMyRoots and Scootsy, among others.
- Headquarter Bengaluru, India
- Founders Bhavish Aggarwal
- Stage Unicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Ola Electric Mobility Pvt Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.84 B (USD)
in 25 rounds
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Latest Funding Round
$20 M (USD), Series J
Feb 22, 2022
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Investors
Yes Bank
& 89 more
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Employee Count
Employee Count
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Investments & Acquisitions
Avail Finance
& 10 more
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Products & Services of Ola Cabs
Ola Cabs offers a comprehensive portfolio of products and services, including Ola Cabs, Ola S1, and Ola Stores. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Ride-hailing services are provided for urban mobility needs.
Electric scooters are offered for sustainable personal transport.
Online shopping platform is provided for various products.
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Software Development Team
24 people
Product Management Team
10 people
Principal Team
6 people
Leadership Team
5 people
Sales and Marketing
5 people
Senior Team
5 people
Finance and Accounting
4 people
Creative and Marketing Team
4 people
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Funding Insights of Ola Cabs
Ola Cabs has successfully raised a total of $3.84B across 25 strategic funding rounds. The most recent funding activity was a Series J round of $20 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 25
- Last Round Series J — $20.0M
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First Round
First Round
(21 Apr 2011)
- Investors Count 90
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2022 | Amount | Series J - Ola Cabs | Valuation | Arrow Capital | |
| Jan, 2022 | Amount | Series J - Ola Cabs | Valuation | Segantii Capital Management |
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| Dec, 2021 | Amount | Debt – Conventional - Ola Cabs | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ola Cabs
Ola Cabs has secured backing from 90 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Yes Bank, Didi and Tencent. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Investments in multiple sectors are made by Siddhant Partners.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward companies in multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ola Cabs
Ola Cabs has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Avail Finance, Foodpanda and Foodpanda India. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-driven solutions for unmanned retail stores are provided.
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2018 | ||||
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Neobank for individuals
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2017 | ||||
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Geospatial data integration solutions are provided using patented tools.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ola Cabs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ola Cabs Comparisons
Competitors of Ola Cabs
Ola Cabs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zomato, Swiggy, EatSure, JustMyRoots and Scootsy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform food ordering and delivery service
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| domain | founded_year | HQ Location |
Food and grocery items are ordered via an online network.
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| domain | founded_year | HQ Location |
Online food delivery service platform
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| domain | founded_year | HQ Location |
Online platform to discover and order food from restaurants
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| domain | founded_year | HQ Location |
Food and groceries are delivered locally through an online platform.
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| domain | founded_year | HQ Location |
Operates a digital hub for food ordering and delivery services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ola Cabs
Frequently Asked Questions about Ola Cabs
When was Ola Cabs founded?
Ola Cabs was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Ola Cabs located?
Ola Cabs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Ola Cabs?
Bhavish Aggarwal is the current CEO of Ola Cabs. They have also founded this company.
Is Ola Cabs a funded company?
Ola Cabs is a funded company, having raised a total of $3.84B across 25 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $500M, raised on Apr 21, 2011.
What does Ola Cabs do?
A comprehensive mobility ecosystem is managed by Ola Cabs, covering ride-hailing services across 250 cities in India, Australia, New Zealand, and the UK. Solutions for daily commuting, outstation travel, and hourly rentals are provided. Additionally, electric scooters under Ola S1 are manufactured, and an e-commerce platform via Ola Stores is supported. Social impact initiatives through Ola Foundation are also undertaken, benefiting numerous families across India.
Who are the top competitors of Ola Cabs?
What products or services does Ola Cabs offer?
Ola Cabs offers Ola Cabs, Ola S1, and Ola Stores.
How many acquisitions has Ola Cabs made?
Ola Cabs has made 11 acquisitions, including Avail Finance, Foodpanda, and Foodpanda India.
Who are Ola Cabs's investors?
Ola Cabs has 90 investors. Key investors include Yes Bank, Didi, Tencent, SoftBank, and Delivery Hero.
What is Ola Cabs's valuation?
The valuation of Ola Cabs is $6.7B as of Feb 2022.
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