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Ola Cabs (stylized as OLΛ) is an Indian transportation company that provides ride-hailing services and operates other business verticals such as financial services and cloud kitchens. It is headquartered in Bangalore, and operates in 250+ Indian cities. A variety of venture capitalists including Softbank have large stakes in the company. [ 4]
However, while Ola's revenues have soared, it is yet to turn a profit. In the year to the end of March, the company's sales rose 90% year-on-year, but losses widened 8%.
Ola Electric was established in 2017 as a wholly-owned subsidiary of ANI Technologies, the parent entity of Ola Cabs. [8] [9] The company was started to reduce emission and fuel dependency of Ola's cabs, and shift to mass electric mobility; a pilot program was launched in Nagpur in May 2017 by setting up charging stations across the city and procuring electric cabs, e-buses, and e-rickshaws ...
Bhavish Aggarwal (born 28 August 1985) is an Indian entrepreneur. He is the co-founder and CEO of Ola Cabs, founder of Ola Electric [1] and founder of OlaKrutrim, a large language model artificial intelligence (AI) company which became India’s first AI unicorn in 2024 an estimated valuation of $1 billion.
India's IPO-bound Ola Electric has suspended its electric car launch plans as the Softbank-backed company wants to focus on its e-scooter business, two people with direct knowledge of the decision ...
Ola Electric accounted for 39% of two-wheeler EV sales in the country in July, per government data. Revenue surged 90% in the year March 2024, but it is yet to turn a profit.
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Olam International is an agri-business company, operating in 60 countries and supplying food and industrial raw materials to over 20,900 customers worldwide, placing them among the world's largest suppliers of cocoa beans, coffee, cotton and rice. [ 3][ 4][ 5] Its value chain includes farming, origination, processing and distribution operations ...