The Oxford Internet Institute has published what it bills as the world’s first rating system for working conditions on gig economy platforms. The Fairwork academic research project is a collaboration with the International Institute of Information Technology Bangalore, the University of Cape Town, the University of Manchester, and the University of the Western Cape. As […]
View More Flipkart ranked highly for ‘fairness’ of working conditions in India gig platform studyCategory: Ola
Ola raises $300M as part of a new electric vehicle partnership with Hyundai and Kia
Ride-hailing platform Ola announced today that it has raised $300 million from Hyundai and Kia as part of a strategic partnership focused on electric vehicle development. This brings the company’s total raised to $3.8 billion according to Crunchbase. Ola’s last funding was announced just three weeks ago, when the company said it had raised $56 […]
View More Ola raises $300M as part of a new electric vehicle partnership with Hyundai and KiaWhy can’t we build anything? (Part 2)
One of the major themes we are working on these days at the Extra Crunch Daily is trying to understand why America and many other Western nations can’t seem to build infrastructure anymore. The answers are complicated but critical: our infrastructure is decrepit, climate change is intensifying, and population growth will put even more strain […]
View More Why can’t we build anything? (Part 2)Flipkart co-founder Sachin Bansal invests $92M in Ola
The money is starting to flow from India’s largest startup exit. Ola has added a major name to its ongoing financing round after it confirmed that Flipkart co-founder Sachin Bansal has invested 650 crore INR (around $92 million) into the Indian ride-hailing business. The deal rumored in January when Paper.vc, an intelligence service that sifts through company […]
View More Flipkart co-founder Sachin Bansal invests $92M in OlaIndia’s Ola is adding a monthly billing option for its ride-hailing customers
Ola, the ride-hailing service battling Uber in India, is introducing credit services to its users as it moves closer to a major new funding round. Today the company took the wraps off Ola Money Postpaid, a service that builds on Ola’s existing payment service — which can be used to pay rides and also third-party […]
View More India’s Ola is adding a monthly billing option for its ride-hailing customersUber’s India rival Ola nears $6 billion valuation ahead of huge funding round
Ola, India’s local rival to Uber, has seen its valuation jump to nearly $6 billion as it prepares to take in a large round of financing. The ride-hailing firm, which was founded in 2010, has raised around $3.3 billion from investors to date, and it topped that up a little this week. Ola pulled in […]
View More Uber’s India rival Ola nears $6 billion valuation ahead of huge funding roundOla, Uber’s India rival, invests $100M in scooter rental startup Vogo
We’re familiar with Uber cozying up to scooter startups — it has bought one and invested in another — but over in India, the U.S. firm’s key rival is hatching a major alliance of its own it invested $100 million in scooter rental startup Vogo. Ola first invested back in August when Vogo raised an undisclosed Series […]
View More Ola, Uber’s India rival, invests $100M in scooter rental startup VogoOla raises $50M at a $4.3B valuation from two Chinese funds
Ola, the arch-rival of Uber in India, has raised $50 million at a valuation of about $4.3 billion from Sailing Capital, a Hong Kong-based private equity firm, and the China-Eurasian Economic Cooperation Fund (CEECF), a state-backed Chinese fund. The funding was disclosed in regulatory documents sourced by Paper.vc and reviewed by Indian financial publication Mint. […]
View More Ola raises $50M at a $4.3B valuation from two Chinese fundsIndia’s Uber rival Ola is headed to Europe with ride-hailing launch in the UK
The UK is getting a new alternative to Uber after India-based ride-hailing company Ola announced plans to expand to the country, which will become its first market in Europe. Ola was founded in 2010 and it covers over 110 cities in India where it offers licensed taxis, private hire cars and rickshaws through a network […]
View More India’s Uber rival Ola is headed to Europe with ride-hailing launch in the UKUber’s Indian rival Ola is aiming for an IPO in 3-4 years
Ola, Uber’s chief rival in India, is planning to go public potentially as soon as in three years time, according to its CEO. Co-founder and chief executive officer Bhavish Aggarwal told the audience at an event in Bengaluru last week that seven-year-old Ola is poised to become a cash flow positive business — having recently hit operational […]
View More Uber’s Indian rival Ola is aiming for an IPO in 3-4 yearsChina’s Didi Chuxing continues its international expansion with Australia launch
Didi Chuxing, China’s dominant ride-hailing company, is continuing its international expansion after it announced plans to launch in Australia this month. The company — which bought Uber’s China business in 2016 — said it will begin serving customers in Melbourne from June 25 following a month-long trial period in Geelong, a neighboring city that’s 75km […]
View More China’s Didi Chuxing continues its international expansion with Australia launchUber bets on developing world growth with low-data Uber Lite
“The next hundreds of millions of riders for us are going to come from outside of the United States”, Uber’s head of rider experience Peter Deng tells me. The transportation giant already sees 75 million riders per month and 15 million rides per day. But to grow in the developing world, it had to rethink […]
View More Uber bets on developing world growth with low-data Uber Lite