About OLA Money
OLA Money is a company based in Bengaluru (India) founded in 2015 by Bhavish Aggarwal. OLA Money has raised $27.22 million across 2 funding rounds from investors including Alpha Wave Global, Gemini Investment Management and Sarin Family India. The company has 125 employees as of April 08, 2024. OLA Money operates in a competitive market with competitors including PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
- Headquarter Bengaluru, India
- Employees 125 as on 08 Apr, 2024
- Founders Bhavish Aggarwal
- Stage Minicorn
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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- Legal Name Ola Financial Services Private Limited
- Date of Incorporation 24 Feb, 2007
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$11.57 M (USD)-21.1as on Mar 31, 2023
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Net Profit
-$6.57 M (USD)-729.49as on Mar 31, 2023
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EBITDA
-$7.46 M (USD)-123960as on Mar 31, 2023
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Total Equity Funding
$27.22 M (USD)
in 2 rounds
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Latest Funding Round
$27.22 M (USD), Series A
May 26, 2020
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Investors
Alpha Wave Global
& 3 more
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Employee Count
125
as on Apr 08, 2024
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Funding Insights of OLA Money
OLA Money has successfully raised a total of $27.22M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $27.22 million completed in May 2020. 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 Money
OLA Money has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Alpha Wave Global, Gemini Investment Management and Sarin Family India.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on growth-stage companies
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Single family office of Arun Sarin
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Venture capital investment firm
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Investor details for OLA Money
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Investments & Acquisitions by OLA Money
Investment portfolio details for OLA Money
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Financial Statements - OLA Money
Detailed financials for OLA Money
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Ola Money Comparisons
Peer comparison for OLA Money
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Competitors of OLA Money
OLA Money 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 PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment, financial, investment, and lending services are provided digitally.
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Operator of platform for online mobile, DTH recharge, and bill payments
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Digital payments, financial services, and e-commerce platforms are provided.
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Digital wallet services for bill payments and recharges are facilitated.
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Cross-border payments are enabled via wallet solutions for consumers.
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Wallet-based payment solutions are provided for consumers and businesses.
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Detailed competitors of OLA Money
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Latest news on Ola Money
Complete news archive for OLA Money
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Frequently Asked Questions about OLA Money
OLA Money was founded in 2015 and raised its 1st funding round 5 years after it was founded.
OLA Money is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Bhavish Aggarwal is the current CEO of OLA Money. They have also founded this company.
OLA Money is a funded company, having raised a total of $27.22M across 2 funding rounds to date.
As of Apr 08, 2024, the latest employee count at OLA Money is 125.
Annual revenue of OLA Money is $11.57M as on Mar 31, 2023.
OLA Money was established in 2015 in Bengaluru, India, within the fintech sector. A range of digital financial services is offered, encompassing credit cards, postpaid payment solutions, digital wallets, and hospital cash insurance. Car insurance facilitation is also included. Operations focus on accessible financial tools tailored for everyday use across India, supporting seamless transactions and coverage needs.
OLA Money has 4 investors. Key investors include Alpha Wave Global, Gemini Investment Management, Sarin Family India, and Z47.
The valuation of OLA Money is $250M as of May 2020.