MobiKwik App Now Lets You Make Ola Cab Bookings

MobiKwik and Ola announced a partnership. This deal will enable MobiKwik users to book Ola cabs and autos across 110 cities in India from within the MobiKwik app. With this partnership, MobiKwik users will have access to Ola’s multi-modal commuting offerings, from pocket-friendly options such as Ola Auto, Micro, and Mini to premium categories such as Ola Prime, Ola Prime Play, Ola Prime SUV, and Ola Lux. It also aims to provide a more seamless experience as customers can directly book an Ola ride through their MobiKwik app and pay up through the…

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Indians dumping cars in favor of Uber, Ola in cities like Bangalore, Mumbai: Reasons

Indians are now buying fewer cars in the bigger cities, and now there are numbers to support this. In the last 12  months between April 2017 and March 2018, car sales in Mumbai dipped by a whopping 21%, 11% in Bangalore and 4.5% in Chennai. In Delhi, which has India’s highest car penetration, sales grew by just 1.6%. So, why are Indians living in big cities buying fewer cars? Here are some reasons. Rise of Ola and Uber Cab aggregating apps such as Ola and Uber have made the second car…

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Ola Raises Rs. 670 Crores From Ratan Tata-Backed Fund, Others

SoftBank-backed Ola has raised Rs. 670 crores ($104.4 million) in fresh funding from investors including UC-RNT Fund, a venture between the University of California and Ratan Tata. While UC-RNT Fund has pumped in Rs. 267.99 crores, another Rs. 402 crores has been infused by FO Mauritius I Ltd, according to regulatory filing by ANI Technologies – which runs Ola. However, the valuation of the company benchmarked against the fresh round of funding could not be ascertained. The said shares were allotted to the investors on March 31, 2017. An email…

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