Who is funding Ola?
Ola Electric has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others in a funding round that pegged the mobility startup’s valuation at $5 billion.
What is the turnover of Ola?
Ola Cabs
Type | Private |
---|---|
Revenue | ₹2,544 crore (US$330 million) (FY 2019) |
Number of employees | ~3,000 (2020) |
Parent | ANI Technologies |
Website | www.olacabs.com |
Who acquired Ola?
ANI Technologies Pvt. Ltd, the parent of ride-hailing platform Ola Cabs, has reached an agreement to pick up a 100% stake in fintech startup Avail Finance, which serves the blue collar workforce, the company said on Thursday evening.
Is Ola a loss making company?
Bengaluru: Ola Electric’s losses in the financial year ended March 2021 touched nearly Rs 200 crore, regulatory filings accessed by ET showed, a period in which the mobility company pivoted from building a battery-as-a-service business to manufacturing electric scooters.
Is Ola profit or loss?
Ola’s losses accumulate to Rs 17,453 Cr as revenue shrinks 63% in FY21. Transportation business was hit hard by the pandemic globally and it had strangulated growth and revenue for the ride-hailing major Uber India and Ola.
What is the valuation of Flipkart?
Industry executives said the funding would provide leverage for Flipkart’s plans to go public in the US by 2022. They said it would set the stage for Flipkart’s initial public offering (IPO) and increase its valuation to $50-60 billion.
Who is the first investor of Ola?
Nevertheless, his parents became supportive once OLA got its first round of angel investment from Snapdeal founder Kunal Bahl, Rehan yar Khan and Anupam Mittal.
Is Anupam Mittal investor in Ola?
He has invested about ₹1 Crore in OLA Cabs, currently, he has a 2% share of OLA Cabs. Anupam Mittal has also invested in a reality show which airs on Sony TV.
How much did Ola buy Etergo for?
But after raising around €21 Mn ($24.8 Mn) in equity financing from more than 6,000 individual investors (most of them were carried away by the e-scooter craze), the company got sold to Ola Electric for €3.75 Mn ($4.44 Mn) valuation, according to internal emails and multiple Etergo investors who spoke to Inc42.
Did Ola bought Etergo?
Ola Electric acquires Etergo, looks to launch electric scooters in India by 2021. BENGALURU: Ola Electric Mobility Pvt Ltd, the electric vehicle arm of Ola, has acquired Amsterdam-based Etergo BV, manufacturer of electric scooters.