This Is Uber’s Answer To Ola Play, Coming Soon To A Cab Near You

Uber is taking a page out of Ola’s playbook as it pushes to expand business in India, its largest overseas market. Months after its Indian rival introduced its “connected platform” called Ola Play, Uber is set to launch its own infotainment system across several of its cab tiers in the country.

Why Uber and Ola Drivers are Unlikely to Go on Another Strike Anytime Soon

As Ola and Uber started to gain ground in cities, the companies began to actively experiment with exactly how much money they needed to spend like this. Could drivers hit 40 rides in three days, and do it for less money? Uber and Ola both kept tweaking the figures.

Ola’s Aggarwal, Bhati Lowest-Paid Unicorn Founders, Yet Raked In Millions

Bhavish Aggarwal and Ankit Bhati, co-founders of cab-aggregator Ola, may be the proverbial poster boys of Indian e-commerce, but they are the lowest paid among all unicorn—a business valued at more than a billion dollars—founders in the country.

Ola’s Cab-Leasing Arm Swings To A Loss In FY16

Ola Fleet Technologies Pvt. Ltd, the cab-leasing arm of taxi aggregator Ola, has posted a loss of Rs 13.3 crore for FY16 compared to a profit of Rs 3.9 crore the previous year, show filings with the Registrar of Companies (RoC).

Cognizant Layoffs: Gloom Continues, Jobs In Tech And IT Companies Dry Up

Cognizant, the New Jersey-headquartered software services company with most of its operations in Chennai, is likely to lay off 6,000-10,000 “ redundant and non-performing” employees.

How Start-Ups Die Plop!

Start-ups, the playfield of the young and the restless, have had a hard reality check.

Uber Is Done Giving Lucrative Incentives To Drivers In Its Fastest Growing Market

Uber is finally opening up about the ongoing cab strikes in Indian cities and publicly addressing drivers’ demands.

The Metric That Indian Startups Once Swore By Is Now Being Blamed For All The Sector’s Ills

Till a few years ago, profitability received the step-child treatment from Indian e-commerce entrepreneurs.

Uber Drivers Are Just An Unhappy Lot In This Country

Uber’s desperate attempt to turn India into its next big market isn’t chugging along smoothly.

Is it End Of Road For Ride-Sharing By Uber And Ola, Over Safety, Legality Debate?

Rideshare, which allows two or more people going in the same direction to use one cab, might be a good concept, but when did a good concept come in the way of law? It has in the case of cab aggregators Ola and its American rival Uber.

With UberEATS, Is Uber Biting Off More Than It Can Chew?

Online food delivery is a tricky space for Indian startups, what with intense competition, wafer-thin margins and a funding drought that shows no signs of a let-up. So it was a bit of a surprise when San Francisco-based Uber, the world’s biggest startup by valuation, announced last week that it will soon launch its global on-demand food delivery app, UberEATS, in India. To roll out the service, it is currently inviting restaurants and delivery partners.

The New Era Of Startups

The startup ecosystem has become a hot topic for all and sundry. They have taken off and matured because of various factors such as availability of funding, consolidation activities by a number of firms, evolving technology space and a burgeoning demand within the domestic market has led to the emergence of startups.

Internet Giants Turning One-Stop Platforms To Beat App Economy

Internet giants Facebook and Google are moving beyond their existing offerings and platforms to venture into aggregating online services. Instead of using multiple applications for various needs, Facebook and Google are looking to layer these services to a single platform.

After China Sellout, Uber May Now Sharpen Its Focus On India, Look For Buyouts

Uber has created a bump in its tracks with Didi Chuxing, the global giant’s arch rival in China buying out its operations there. The combined entity is now valued at $35 billion, according to news reports. The buyout is a jolt in the smooth travel of Uber operating in several countries across the world. It is also in keeping with the rumblings that Uber has managed to create with its caring two hoots for local regulations in some of the countries it has a presence in.

LinkedIn sets sights on Indian start-ups

US-based social networking company LinkedIn is looking at buying Indian start-ups, has tweaked its India portal and with its new 800 seater office in Bengaluru, as it seeks to build on its India presence. India is currently the second biggest market for LinkedIn globally, with a user-base of 35 million. “This country is of great strategic importance and we are open for acquisitions that are strategic fits,” said Allen Blue, Co-founder, LinkedIn, a company which he co-founded with Reid Hoffman in 2002.

The Real Reasons Behind Indian Startups Shutting Down

In April, on-demand grocery delivery service PepperTap shut shop. Recently, online beauty services provider Amber Wellness, which was operating in Bangalore, New Delhi and Mumbai, closed down.

But these are not isolated cases. In 2015, around 13 startups closed operations. And others, such as food technology startups TinyOwl and Zomato, scaled down last year. Between the two companies, more than 400 people lost their jobs last year.

Is it stupid to end surge pricing by Ola and Uber in India?

The business models of major online taxi aggregators may be headed for a test in India.

 On April 6, the southern Indian state of Karnataka announced a ban on surge pricing—the practice of raising fares when demand for taxis is higher than supply. The new law said that online cab-hailing services such as Ola and Uber cannot charge more than Rs19.50 per kilometer for an air-conditioned taxi and Rs14.50 for a non air-conditioned one in the state.

Are we celebrating SoftBank and Nikesh Arora too soon?

Around two years ago, India’s technology startup space was dominated by American investors such as Tiger Global and Sequoia Capital. But it all started changing in October 2014 when Japan’s SoftBank announced investments of around $800 million in two Indian startups—online retailer Snapdeal and ride-hailing startup Ola.

What Olacabs is doing to keep its competitors at bay

The  list of those betting on the future of Ola, India’s largest taxi aggregator, keeps getting longer. After having mopped up close to $900 million from more than a dozen investors since 2011 when it was set up, Ola (formerly Ola Cabs) received $30 million from Didi Chuxing (formerly known as Didi Kuaidi), China’s largest taxi hailing service.

What Ola cabs is doing to keep its competitors at bay

The  list of those betting on the future of Ola, India’s largest taxi aggregator, keeps getting longer. After having mopped up close to $900 million from more than a dozen investors since 2011 when it was set up, Ola (formerly Ola Cabs) received $30 million from Didi Chuxing (formerly known as Didi Kuaidi), China’s largest taxi hailing service.

Will Uber come up trumps against homegrown Olacabs?

Why is taxi-hailing app Uber doubling down in India and China? Last month, the San Francisco-based company closed $1 billion in fresh funding, raising its valuation to $50 billion-plus. The fund-raising coincided with its announcement that it was going to invest $1 billion in India over the next nine months. Only the previous month, Uber had bared its intentions to pump in $1 billion this year into China to play catch up with Didi Kuaidi, which has reportedly outgunned the US challenger in that huge market.

Funds In The Driver’s Seat

Garnering funds is not difficult for Indian companies. Retaining ownership of companies is. Private equity (PE) and venture capital (VC) funds are only too happy to come on board, but they like to secure their exit route as they invest. As a result, they are increasingly getting involved in the operations of their portfolio companies, especially e-commerce companies and startups. Some are even taking control of the management of investee companies in order to prepare them for exits as in today’s environment investing is easy but cashing out profitably is not.

Ola’s Buy Signals Early Shakeout In The Taxi Segment

The country’s organised taxi industry has shown first signs of consolidation at a time when a majority of companies in the segment are losing money.

Ola’s Buy Signals Early Shakeout In The Taxi Segment

The country’s organised taxi industry has shown first signs of consolidation at a time when a majority of companies in the segment are losing money.

All will be well: taxi service investors

Confident that strong regulatory and monitoring mechanism will eliminate problems. Despite the Delhi government and some States banning the operations of taxi aggregators after a Uber cab driver allegedly raped a passenger, investors continue to place faith in them, in the expectation that the recent problems will be resolved soon.

Ola Gets Second Round Of Funding From Matrix Partners

Olacabs, India’s largest aggregator of car rentals and cab services, has received second round of financing from private equity firm Matrix Partners India and existing investor Tiger Global Management. While the company did not divulge the amount of funding, industry sources say it’s around $20 million (about Rs 125 crore). Olacabs will use these funds to expand operations to newer markets and deepen its technology and analytics expertise, the company said in a statement.