Startup story of OLA: - Best News Hub

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Home All News Startup story of OLA:

Startup story of OLA:

-

July 5, 2023

Startup story of OLA:

The first Indian cab aggregator company, Ola has made availing of cab services a smooth experience. Owned by ANI Technologies Pvt. Ltd. and formerly known as OlaCabs, Ola was launched in December 2010 by two IIT Bombay graduates. Being a pioneer among the cab companies in India, Ola bridges the gap between cab owners and commuters, and it has done so really well!

Instead of buying and renting out its own cars, Ola partners with a number of taxi drivers and owners and adds a touch of modern technology to the whole setup. This allows people to book cabs at a short notice through Ola’s app. Ola is India’s homegrown ride-hailing app with a little less than 50% market share (as of Uber’s 2020 report) in India. It has users in over 250 cities of India and employs 2.5 million+ driver-partners.

Driven by a hyperlocal approach, Ola is committed to its mission of building mobility for a billion people. Staying in line with its mission, Ola has also ventured into auto and bike booking services. Ola also started off a bicycle sharing service called ‘Ola Pedal’ in 2017 to facilitate last-mile connectivity.

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Ola.

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