SoftBank Offloads 2.15% Stake in Ola Electric Through Open Market Transactions
SoftBank's SVF II Ostrich sold 2.15% of Ola Electric, dropping its stake from 15.68% to 13.53%.
Tag: Ola
SoftBank Adjusts Its India Approach Amid Departures and a Fresh Emphasis on AI
SoftBank's recent activity in India indicates a strategic reset, focusing on AI and enterprise technology.
Uber CEO Identifies Rapido as a Greater Competitor than Ola in India
Uber's Khosrowshahi sees Rapido as India's main rival, praising its subscription model for drivers.
New Regulations Unveiled for Ride-Hailing: Double Surge Caps, Cancellation Charges, and a Boost for Bike Taxis
The new Motor Vehicle Aggregator Guidelines 2025 allow surge pricing and support bike-taxi services.
Post-CCPA Notice: Tipping Trends Rise for Ola, Uber, Rapido, and Namma Yatri
The advance tipping feature on ride-hailing apps remains active despite user criticism and a CCPA notice.
Krutrim Expands Horizons by Acquiring BharatSahAIyak from Samagra Tech Consulting
Krutrim acquires BharatSahAIyak to enhance AI solutions for public infrastructure in India.
Karnataka’s Ongoing Ban on Ola, Uber, and Rapido Bike Taxis
The Karnataka High Court upheld the suspension of bike taxi services, affecting drivers and commuters.
Vanguard Pegs Ola’s Valuation at $1.25 Billion
Vanguard has marked down Ola's valuation to $1.25 billion, over 80% drop from its peak of $7.3 billion.
Karnataka High Court Grants Temporary Operations to Bike Taxis Until June 15
The Karnataka High Court allowed bike taxi services to continue until June 15, pending regulatory guidelines.
Ola’s Ride-Hailing Ventures Experience 11% Decline in FY24 Yet Achieve EBITDA Profitability
Ola recorded a 5.5% year-on-year decline in revenue for FY24, with ride-hailing income down 11.3%.
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