Description
Ola Cabs is an Indian ridesharing company offering services that include vehicle for hire and food delivery. The company is based in Bengaluru, Karnataka, India and was developed by ANI Technologies Pvt. Ltd. As of October 2019, Ola was valued at about US$ 6.5 billion A variety of venture capitalists including Softbank have large stakes in the company.
Ola Cabs was founded on 3 December 2010 as an online cab aggregator in Mumbai, and is now based in Bengaluru. As of 2019, the company has expanded to a network of more than 1.5 million drivers across 250 cities. In November 2014, Ola diversified to incorporate auto rickshaws on a trial basis in Bengaluru. After the trial phase, Ola Auto expanded to other cities like Delhi, Pune, Chennai and Hyderabad starting in December 2014.
In January 2018, Ola extended into its first overseas market, Australia, and in New Zealand in September 2018. In March 2019, Ola began its UK operations introducing auto rickshaws in UK. More than 10,000 drivers have applied both in online and offline mode ahead of its launch in London. In February 2020, Ola launched its taxi-hailing services with over 25,000 drivers registered.
