OLA | CASE STUDY | STARTUP | SUCCESS STORY |

OLA | CASE STUDY | STARTUP | SUCCESS STORY |

You want to go somewhere what would you prefer Ola or Uber. Yes today we are going to talk about one of them named as Ola. Ola is an Indian startup, providing taxies to travel.

 OLA INTRODUCTION 

Ola is one of the fastest growing startup which brings together cab drivers and customers using technology to make transportation hassle-free in India. Behind this there is two young mind named as Bhavish Aggarwal and Ankit Bhati in the year 2010. The Headquarter Region is Asia-Pacific (APAC) and main headquarters is in Bangalore, Karnataka India. This is a unicorn startup also known as olacabs.com, Ola Cabs, Olacabs and more. 

FACILITIES 

Ola is very useful for all the people's in fast running cities like Mumbai, Delhi, Hyderabad, etc because everyone can't afford own car but to move from his home to office or outing uses Ola for car/taxi. For people's in different new cities it is difficult to trust normal taxies but it's easy to trust Ola drivers. It provides services like booking your cabs, changing the way you travel in cities, easily available, etc. This taxi services company Ola is running more than 10,000 taxies but not owning a single cab of their own. We foster entrepreneurship at the driver level by enabling him to own the car and grow his business. 

PEOPLES BEHIND OLA

There are more than 4000 employees working for the growth of the company.  The main people's named with their position below :-

BHAVISH AGGARWAL (CO-FOUNDER & CEO) 

ANKIT BHATI (COFOUNDER & CTO) 

ANAND SUBRAMANIAN (DIRECTOR MARKETING COMMUNICATION) 

PRANAY JIRRAJKA (FOUNDING PARTNER) 

RAJIV BANSAL (CFO) 

VISHAL KAUL (COO) 

RAHUL MAROLI (VICE PRESIDENT & BUSINESS HEAD) 

ANAND SAHA (SENIOR VICE PRECIDENT) 

And the Sub-Organizations work with Ola are Ola Store, Ola Cafe, Ola Flect Technologies. 

As a result Ola ranked 12,724 among websites globally based on its 4,310,331 monthly web visitors. Ola has $ 150M in revenue annually which shows the success of the startup. 

ACQUISITIONS 

There are five acquisitions and the most recent acquisition was Ridlr on 3rd April, 2018. Rest of the acquisition are as 

#FoodPanda India on 19th Dec, 2017

#Qarth on 21st March, 2016

#Geotagg on 11th Nov, 2015

#Taxiforsure.com on 2nd March, 2015 for  $200 M. 

 FUNDING

The legal name is ANI Technology Pvt. Ltd. and the funding status is Late Stage Venture. Ola has raised a total of $3.4 B in funding over 18 rounds. There are total of 31 investers and the number of Lead investors are 16 aprox. Their latest funding was raised on 10 Jan, 2019 from a Series J round and number of investors are 7. Money raised ₹5.2B and the lead invester was Steadview Capital. The most recent investors are Soft bank and Accel.

OLA | CASE STUDY | STARTUP | SUCCESS STORY |

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