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India sets rules for commissions, surge pricing for Uber and Ola

India sets rules for commissions, surge pricing for Uber and Ola Ride-hailing firms such as Ola and Uber can only draw a fee of up to 20% on ride fares in India, New Delhi said in guidelines on Friday, a new setback for the SoftBank-backed firms already struggling to improve their finances […]

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Uber is hiring hundreds of engineers in India to cut costs

Uber is hiring hundreds of engineers in India to cut costs Uber said on Thursday it is working to hire 225 engineers in India, strengthening its tech team in the key overseas market months after it eliminated thousands of jobs globally. The ride-hailing firm, which competes with Ola in India, said today […]

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Months-old Uni raises $18.5 million seed round to expand India’s credit card market

Months-old Uni raises .5 million seed round to expand India’s credit card market Even as close to a billion debit cards are in use in India today, only about 58 million credit cards are in circulation in the world’s second most populous nation. According to industry estimates, between 30 million to 35 […]

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Ola fails to get ride-hailing license renewed in London, says it will appeal and continues to operate

Ola fails to get ride-hailing license renewed in London, says it will appeal and continues to operate Just six days after Uber won its appeal against London transportation regulators to continue operating in London for another 18 months, one of its bigger rivals has found itself in the hot seat. Ola, the […]

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Indian ride-hailing giant Ola adds tipping option to its app globally

Indian ride-hailing giant Ola adds tipping option to its app globally You can now tip your Ola driver. The Indian ride-hailing giant said on Tuesday that it has rolled out this feature to its users in India, Australia, New Zealand, and the United Kingdom — all the nations where it currently operates. […]

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Ola Electric acquires Etergo, to launch own line of electric two wheelers this year

Ola Electric acquires Etergo, to launch own line of electric two wheelers this year Ola Electric, the EV business that spun out of the ride-hailing giant Ola last year, has acquired an Amsterdam-based electric scooter startup as the Indian firm looks to locally produce and launch its own line of two wheelers […]

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Indian ride-hailing firm Ola cuts 1,400 jobs

Indian ride-hailing firm Ola cuts 1,400 jobs Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country. Bhavish […]

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Amazon, Flipkart, Ola and Uber begin to resume their services in India

Amazon, Flipkart, Ola and Uber begin to resume their services in India E-commerce firms Amazon, Flipkart, and ride-hailing giants Ola and Uber are partially resuming their services in India after Prime Minister Narendra Modi’s government eased some restrictions late last week to revive economic activity that’s been stalled since the stringent stay-at-home […]

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Ola opens its tech platform to Indian government to combat coronavirus crisis

Ola opens its tech platform to Indian government to combat coronavirus crisis As India scrambles to keep its citizens safe from the coronavirus, local ride-hailing giant Ola has stepped up to help. The Indian firm has made its technology platform — which is capable of, among other things, conducting real-time tracking and […]

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Uber, Ola suspend all rides in New Delhi

Uber, Ola suspend all rides in New Delhi Uber and Ola have suspended all ride options in New Delhi till March 31 and the Indian ride-hailing firm is restricting ride options across the country in a bid to slow the coronavirus pandemic. The firms said the suspension of their services in India’s capital […]

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