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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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Zoho Pay Debuts as India’s New UPI Challenger, Taking on PhonePe, Paytm, and Google Pay

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Zoho Payment

Zoho Corporation has expanded its fintech portfolio with the launch of Zoho Pay, a UPI-based payments app built to challenge India’s top digital payment giants such as PhonePe, Paytm, and Google Pay. The new app supports peer-to-peer transfers, bill payments, QR-based transactions, and merchant settlements in a streamlined interface. Available as both a standalone app and an integrated feature inside Zoho’s privacy-driven messenger Arattai, Zoho Pay enables users to handle chats and payments in one platform, emphasizing data privacy and Made-in-India innovation.​

Through seamless integration with Arattai, Zoho Pay allows users to send or request payments, split expenses, and conduct UPI-based transactions directly in their chat windows. Users can link bank accounts, scan dynamic QR codes, and receive audio confirmations of payments, ensuring speed and security. This design mirrors the simplicity of India’s leading UPI apps but is powered by Zoho’s non-advertising, privacy-first model. The integration aligns with Zoho’s mission to build a self-reliant digital ecosystem, where messaging and money management coexist securely.​

In the competitive digital payments market, Zoho Pay differentiates itself through its tight business software integration with apps like Zoho Books, Zoho Payroll, and Zoho Commerce, offering small businesses unified access to payments, billing, and accounting. The company is also expanding its reach with POS devices for merchants featuring UPI QR, card payments, and instant reconciliation tools. With founder Sridhar Vembu’s vision of a ‘Chat + Pay’ ecosystem, Zoho Pay reflects a bold step toward redefining India’s fintech scene with a secure, ad-free, and locally developed alternative to global payment platforms.

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Meta Expands AI-Powered Reels Translation to Hindi and Portuguese, Enhancing Global Creator Reach

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Meta has expanded its AI-powered translation feature for Reels to include Hindi and Portuguese, joining English and Spanish in empowering creators to reach a broader global audience on Instagram and Facebook. Originally launched in August 2025 with support for English and Spanish, this update now allows creators to seamlessly translate and dub their short videos, breaking language barriers across some of the largest Reels markets worldwide. The AI technology mimics the creator’s voice tone and even offers lip-syncing to ensure the translated videos feel natural and engaging for viewers.​

This enhancement is especially significant for India, the largest market for Facebook and Instagram, where over 600 million people speak Hindi. Content creators who are not fluent in Hindi can now easily access this vast audience, increasing their reach and engagement across diverse linguistic groups. To maintain transparency, all translated Reels are clearly labeled with “Translated with Meta AI,” and viewers can choose to switch translations on or off based on their preference.​

In addition to voice dubbing, Meta is developing features to translate captions and text stickers on Reels, making content more accessible even without sound. These AI translation tools are available free for eligible public Instagram accounts and Facebook creator profiles with over 1,000 followers. This innovation reinforces Meta’s commitment to fostering cross-cultural content sharing and enhancing creators’ ability to connect with audiences around the world through short-form videos.

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Dunzo’s Collapse: Reliance’s ₹1,645 Crore Loss Signals Challenges in India’s Hyperlocal Delivery Market

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Startup Stories

Reliance Industries has officially written off its $200 million investment in Dunzo, a once promising quick-commerce startup in India. Despite high-profile backing and the potential to disrupt the hyperlocal delivery sector, Dunzo faced insurmountable challenges including high operational costs, unsustainable cash burn, and stiff competition from larger players like Zepto and Blinkit. Reliance’s decision follows Dunzo’s operational suspension, leadership exits, and failed attempts at securing additional funding or acquisition partners, ultimately resulting in the company’s digital platforms going offline in early 2025.​

The downfall of Dunzo was accelerated by its inability to maintain a healthy balance between rapid expansion and revenue growth, with losses in FY23 reaching an alarming ₹1,800 crore. With monthly expenses crossing ₹100 crore and mounting pressure to scale, Dunzo resorted to layoffs and delayed payments before shutting down most services outside Bengaluru. Reliance’s significant stake, initially seen as a strategic advantage, ended up limiting the startup’s flexibility in making independent decisions during its final months.​

Reliance’s write-off sends a strong message to India’s startup ecosystem about the risks inherent in quick-commerce and hyperlocal delivery models. Investors are increasingly focused on sustainable growth, disciplined scaling, and profitability. For Reliance, lessons from Dunzo’s collapse are shaping future e-commerce strategies, driving greater emphasis on operational efficiency and prudent financial planning in an intensely competitive market.

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