Story Behind OLA , business information and its turnover

Ola is a ride-hailing company based in India that was founded in December 2010 by Bhavish Aggarwal and Ankit Bhati. The company started as a small project under ANI Technologies, a company that provided online logistics and transportation solutions.

The idea for Ola came when Bhavish Aggarwal, then a student at the Indian Institute of Technology (IIT) Bombay, had a bad experience with a taxi driver in Bangalore. He realized that there was a need for a reliable and affordable taxi service in India, and set out to create a better alternative.

Aggarwal and Bhati started by launching Ola Cabs in Mumbai in 2011 with just a few cars. They quickly expanded to other cities, including Bangalore and Delhi, and within a few years, Ola had become one of the leading ride-hailing companies in India.

In addition to offering traditional taxi services, Ola has also expanded into other transportation verticals such as auto-rickshaws, bike taxis, and car rentals. The company has also launched Ola Electric, an electric vehicle (EV) division that is focused on developing and manufacturing EVs and charging infrastructure.

Today, Ola operates in over 250 cities across India and has expanded to other countries such as Australia, New Zealand, and the United Kingdom. The company has raised billions of dollars in funding from investors such as SoftBank, Tencent, and DST Global, and is one of the most valuable startups in India.

Here are some key business information and facts about Ola:

1.Founded: Ola was founded in December 2010 by Bhavish Aggarwal and Ankit Bhati.

2.Headquarter: The company is headquartered in Bangalore, India.

3.Services: Ola offers a range of services, including Ola Micro, Mini, Prime, Lux, and Outstation for taxis, Ola Auto and Ola Bike for auto-rickshaws and bike taxis, and Ola Rentals for car rentals.

4.Mobile Application: Ola's services can be accessed through its mobile application, which is available on both iOS and Android platforms.

5.Funding: Ola has raised over $4.3 billion in funding from investors such as SoftBank, Tencent, and DST Global.

6.Valuation: As of 2021, Ola is valued at over $6 billion.

7.Employees: Ola has over 10,000 employees across its various business units.

8.Ola Electric: Ola has also launched Ola Electric, an electric vehicle (EV) division that is focused on developing and manufacturing EVs and charging infrastructure.

9.Partnerships: Ola has partnered with various companies, including Microsoft, Hyundai, and Flipkart, to expand its offerings and services.

10.COVID-19 response: Ola has taken various measures to ensure the safety of its drivers and riders during the COVID-19 pandemic, including providing personal protective equipment and sanitization kits, and implementing hygiene and safety protocols.

      As a private company, Ola does not disclose its exact revenue or turnover figures publicly. However, according to estimates from industry analysts, Ola's annual turnover is believed to be in the range of several hundred million dollars.