Unicorns 39/229 – Ola
Founders: Bhavish Aggarwal, Ankit Bhati
Key people: Bhavish Aggarwal (CEO), Ankit Bhati (CTO)
Number of employees: 6000 (2017)
ANI Technologies Pvt. Ltd., operating under the trade name Ola, is an Indian online transportation network company. Ola was founded as an online cab aggregator in Mumbai, but is now based in Bangalore. As of September 2015, Ola was valued at $5 billion.
It was founded on 3 December 2010 by Bhavish Aggarwal (currently CEO) and Ankit Bhati. As of 2017, the company had expanded to a network of more than 600,000 vehicles across 110 cities. In November 2014, Ola expanded to incorporate autos on-trial basis in Bangalore. Post the trial phase, Ola Auto expanded to other cities like Delhi, Pune, Chennai and Hyderabad and Kolkata starting December 2014. In December 2015, Ola expanded its auto services in Mysore, Chandigarh, Indore, Jaipur and Guwahati, Visakhapatnam. Ola is valued at $5 billion as of September 2015.
In March 2015, OlaCabs acquired Bangalore based cab service TaxiForSure for about $200 million. From the 25th of June 2015, Ola users have gained access to TFS cabs via the Ola mobile application. By November 2015, Ola had acquired Geotagg, a trip-planning applications company, for an undisclosed sum to strengthen its new bus-shuttle service.
Ola provides different types of cab service ranging from economic to luxury travel. The cabs are reserved through a mobile app. This cab service supports both cash and cashless payment options with Ola money. It claims to clock an average of more than 150,000 bookings per day and commands 60 percent of the market share in India. November 2014 Ola also started on-demand auto rickshaw service on its mobile app in Bangalore, Pune and now available in 73 cities