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Ola Raises Funding From Yes Bank To Expand Fleet

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Ola Raises Funding From Yes Bank,ola cabs raises funding,Ola Latest News,Ola Fleet Technologies,Ministry of Corporate Affairs,Startup Stories,2017 Latest Business News,Ola Cab News Today

Ola Fleet Technologies Pvt., Ltd., has secured a loan of Rs. 1000 crores from  India’s fifth largest private sector bank, Yes Bank to expand its consumer vehicles fleet. Ola Fleet Technologies is Ola’s cab leasing business arm. 

According to documents filed with the Ministry of Corporate Affairs, Ola Fleet secured the Rs. 1000 crores loan through a hypothecation deed agreement with Yes Bank on 21 March. This loan will be used by the company to finance the purchase of commercial vehicles that are used by its driver partners. But, these vehicles will remain as collateral with the bank beside the spares and consumables.

The loan will be based on lease agreements between Ola and its partner drivers while the loan period as mentioned in the agreement will be 48-60 months. The documents reveal the Ola Fleet is eligible to avail this facility till November 30, 2017. After this period is completed, Yes Bank will take a decision on extending the facility on December 4, 2017.

This marks the second time Ola Fleet will secure a loan from Yes Bank, having secured a loan of Rs. 250 crores in 2016. Prior to that, Ola has also taken loans of Rs. 300 crores from Axis Bank, Rs. 200 crores from HDFC Bank and Rs. 100 crores from ICICI Bank over the past one year.

The company launched the leasing program in 2015 and pumped Rs. 50 crores into the subsidiary earlier this year. Ola also said they would invest Rs. 5000 crores in the program during its launch. The program lets Ola’s partner drivers own the vehicles after they make an initial deposit and then pay monthly installments for a period of three to five years, depending on the make and model.

The former managing director of SABMiller India, Shalabh Seth was named as the CEO of Ola Fleet Technologies in January 2017. The company also received Rs. 100 crores from its parent company which operates Ola, ANI Technologies Pvt., Ltd. Ola Fleet posted net sales of Rs. 5.6 crores for the financial year 2015- 2016, while its total expenses increased from Rs. 8.1 crores to Rs. 11.7 crores.

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New Instagram Features Let Users Customize Profiles and Share Quietly

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Instagram Grid

Instagram is rolling out two major features in June 2025 that promise to give users unprecedented creative control and privacy: grid rearranging and silent posting. The long-awaited grid rearranging tool allows users to freely drag and drop posts anywhere on their profile grid, breaking away from the traditional chronological order. This means users can now curate their profiles for a more visually appealing or thematic presentation, without the hassle of deleting and reposting content—an update especially welcomed by brands, creators, and anyone meticulous about their digital aesthetic.


In tandem, Instagram is introducing the “Post quietly to profile” feature, which lets users add photos and videos to their grid without notifying followers or pushing the content to their feeds. This silent posting option is ideal for those who want to document moments privately, experiment with new content, or maintain a cohesive grid without spamming their audience. It’s designed to reduce the pressure of public sharing, making Instagram a more comfortable space for personal expression and experimentation.

 

These updates reflect Instagram’s commitment to user empowerment and flexibility, responding directly to years of feedback. As Instagram head Adam Mosseri stated, the goal is to help users “create and share without added pressure,” giving them more freedom over how their content appears and how they engage with their audience.

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Zepto Delays IPO to Focus on Profitability and Indian Ownership

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Zepto - StartupStories

Overview

Zepto, a leading quick commerce startup, has postponed its planned IPO to early 2026, shifting its focus to achieving profitability and increasing Indian shareholding before going public.

Key Reasons for Delay

  • Profitability Focus: Zepto aims to reach EBITDA break-even before listing, unlike many tech firms that went public while still loss-making.
  • Market Uncertainty: Ongoing global and domestic market volatility influenced the decision to wait for more stable conditions.
  • Peer Comparison: The company wants to present a stronger profit profile, learning from the performance of rivals like Swiggy and Zomato (now Eternal).

Boosting Domestic Shareholding

  • Target: Zepto plans to raise Indian ownership to at least 51% to comply with FDI norms and reinforce its Indian identity.
  • Actions: The company is conducting secondary share sales to Indian investors and founders are increasing their stakes by buying from foreign investors.
  • Progress: Domestic ownership has reached about 40-44%, with expectations to surpass 51% before the IPO.

Financial and Operational Updates

  • Efficiency Drive: Zepto is optimizing operations, running over 900 dark stores and offering 48,000 SKUs, to reduce cash burn and move toward profitability.
  • Challenges: The company faces stiff competition from Swiggy Instamart and Blinkit, leading to higher costs, and has dealt with operational pauses and regulatory scrutiny in some regions.

Outlook

Zepto remains positive about its future, aiming to raise around $800 million in its IPO and attract both domestic and international investors. CEO Aadit Palicha emphasizes building a sustainable, majority Indian-owned business before entering the public market.

Summary: Zepto’s IPO delay reflects a strategic focus on financial stability and regulatory compliance, with profitability and Indian ownership at the forefront.

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Polygon Enters New Era: Leadership Shift and Major Upgrades Under Sandeep Nailwal

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Polygon StartupStories

Sandeep Nailwal, co-founder of Polygon, has been appointed as the first CEO of the Polygon Foundation, marking a shift from decentralized governance to focused leadership. This change aims to provide clear direction and accelerate Polygon’s growth in the competitive blockchain space.

Under Nailwal’s leadership, Polygon will discontinue its zkEVM network in 2026 to concentrate on the Polygon PoS chain and AggLayer, a new cross-chain liquidity protocol. Significant upgrades to the Polygon PoS chain are planned, starting with the Bhilai upgrade in July 2025, to enhance transaction capacity and support large-scale financial applications.

Polygon enters this new phase with a strong financial position, enabling long-term development without fundraising pressures. While Nailwal leads the Foundation, Marc Boiron continues as CEO of Polygon Labs. This leadership restructuring aims to drive innovation and reinforce Polygon’s position in Ethereum scaling and the Web3 ecosystem.

 

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