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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of Ola Cabs
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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.
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.
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Private equity investments are managed across multiple sectors.
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Investments in multiple sectors are made by Siddhant Partners.
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Venture capital investments are directed toward companies in multiple sectors.
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Investor details for Ola Cabs
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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.
Investment portfolio details for Ola Cabs
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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| 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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Neobank for individuals
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Geospatial data integration solutions are provided using patented tools.
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Locked | Locked | 2014 | Locked |
Complete acquisition details for Ola Cabs
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Financial Statements - Ola Cabs
Detailed financials for Ola Cabs
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Ola Cabs Comparisons
Peer comparison for Ola Cabs
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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.
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Online platform food ordering and delivery service
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Food and grocery items are ordered via an online network.
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Online food delivery service platform
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Online platform to discover and order food from restaurants
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Food and groceries are delivered locally through an online platform.
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Operates a digital hub for food ordering and delivery services.
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Detailed competitors of Ola Cabs
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Latest news on Ola Cabs
Complete news archive for Ola Cabs
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- Older coverage
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Frequently Asked Questions about Ola Cabs
Ola Cabs was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Ola Cabs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Bhavish Aggarwal is the current CEO of Ola Cabs. They have also founded this company.
Ola Cabs is a funded company, having raised a total of $3.84B across 25 funding rounds to date.
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.
Ola Cabs offers Ola Cabs, Ola S1, and Ola Stores.
Ola Cabs has made 11 acquisitions, including Avail Finance, Foodpanda, and Foodpanda India.
Ola Cabs has 90 investors. Key investors include Yes Bank, Didi, Tencent, SoftBank, and Delivery Hero.
The valuation of Ola Cabs is $6.7B as of Feb 2022.