Connect with us

Entrepreneur Stories

OLA Cabs Success Story

Published

8 years ago

on

OLA Cabs Success Story,Startup Stories,2017 most Read Startup Stories,Inspirational Stories,Startup News,Motivational Stories,OLA Founders Bhavish Aggarwal and Ankit Bhati,OLA Founders Biography,OLA Founders Success Story,OLA Cabs Story,OLA Cabs Founders Story

Taking a can or hiring cars for cross city travels has always been a huge issue in the Indian society. Stuck in a similar situation, abandoned in the middle of the road by his cab driver, this young entrepreneur decided to take matters into his own hands. Homegrown cab aggregator startup Ola Cabs was born when Bhavish Aggarwal found himself in the middle of a trip from Bangalore to Bandipur, having a horrible experience.

Ola Cabs became the collective prodigy of Bhavish Aggarwal and Ankit Bhati, owned by ANI Technologies Pvt., Ltd. After a humble beginning in 2010, Ola became one of the fastest growing startups in India, beating its global rivals Uber and Meru Cabs.  By 2014, the company spread to more than 100 cities pocketing a network of more than 200,000 cars. Clocking more than 150,000 bookings per day, Ola held over 60% of the market share in India. What started off as a cross city cab aggregator company soon launched mini cabs for city travel in Bangalore and Delhi NCR. With a base price of Rs.150 for the first six kilometers and an introductory price of Rs. 12 per kilometer, Ola became the cheapest AC cab services.

Till date, the company claims to have a user base of 125 million in India and a network of over one million driver-partners across 110 cities. The company has also raised close to $1.1 billion from investors, including Tencent and SoftBank.

Watch the amazing story of how Bhavish Agarwal and Ankit Bhati transformed the Indian cab rental industry here!

Related Topics:
Continue Reading
Advertisement
16 Comments

16 Comments

  1. droversointeru

    December 30, 2024 at 4:54 am

    Its excellent as your other content : D, thanks for posting. “For peace of mind, we need to resign as general manager of the universe.” by Larry Eisenberg.

    Reply

  2. Conrad Lobell

    March 5, 2025 at 4:22 am

    I am curious to find out what blog system you’re using? I’m having some small security problems with my latest website and I would like to find something more safeguarded. Do you have any suggestions?

    Reply

  3. process server louisiana

    March 11, 2025 at 1:08 am

    Wow that was odd. I just wrote an really long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say wonderful blog!

    Reply

  4. eviction notice

    March 11, 2025 at 2:20 am

    I think this is one of the most significant information for me. And i am glad reading your article. But wanna remark on some general things, The site style is wonderful, the articles is really nice : D. Good job, cheers

    Reply

  5. moonstone

    March 12, 2025 at 8:19 pm

    Hello are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any html coding knowledge to make your own blog? Any help would be really appreciated!

    Reply

  6. gomedhikam

    March 12, 2025 at 9:03 pm

    I consider something truly special in this web site.

    Reply

  7. 78712

    March 13, 2025 at 4:30 am

    I like this website very much, Its a real nice office to read and find information.

    Reply

  8. zoritoler imol

    March 15, 2025 at 11:11 pm

    Wow, superb weblog format! How long have you ever been running a blog for? you make running a blog look easy. The total look of your site is excellent, as neatly as the content!

    Reply

  9. drover sointeru

    March 30, 2025 at 9:10 pm

    great post, very informative. I wonder why the other experts of this sector don’t realize this. You must continue your writing. I am confident, you’ve a huge readers’ base already!

    Reply

  10. ดูซีรี่ย์

    March 31, 2025 at 6:31 am

    I delight in, cause I discovered exactly what I used to be taking a look for. You’ve ended my 4 day lengthy hunt! God Bless you man. Have a great day. Bye

    Reply

  11. https://menbehealth.Wordpress.com/

    March 31, 2025 at 4:21 pm

    Pretty! This was an extremely wonderful article.
    Many thaanks for supplying these details. https://menbehealth.Wordpress.com/

    Reply

  12. https://menbehealth.Wordpress.com/

    March 31, 2025 at 4:21 pm

    Pretty!This was an extremely wonderful article. Manny thanks for
    supplying thrse details. https://menbehealth.Wordpress.com/

    Reply

  13. drover sointeru

    April 3, 2025 at 3:59 pm

    I truly appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thanks again

    Reply

  14. Digna Carvalno

    April 10, 2025 at 9:40 pm

    I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.

    Reply

  15. stone display design

    April 11, 2025 at 5:02 am

    Hello. magnificent job. I did not expect this. This is a great story. Thanks!

    Reply

  16. droversointeru

    April 12, 2025 at 8:57 pm

    I was suggested this blog by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my problem. You are wonderful! Thanks!

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Entrepreneur Stories

Meta’s Upcoming AR Glasses: A Sneak Peek

Published

1 week ago

on

April 7, 2025

By

Meta’s Upcoming AR Glasses: A Sneak Peek,Startup News,Startup Stories 2025,Startup Stories India,Tech News,Meta,AR Glasses,Ray-Ban Smart Glasses,OLED displays,Qualcomm Snapdragon,AR and AI,Meta unveils new AR glasses with heart rate monitoring,Meta’s Upcoming AR Glasses,Meta News,Meta Latest News,Meta Updates,Meta Latest Updates,Orion AR glasses,Meta AR glasses,Meta's upcoming ar glasses,Meta Upcoming AR Glasses,Meta AR Glasses News,Meta AR Glasses Latest News,Meta AR Glasses Update,Meta AR Glasses Latest Update,Ray-Ban,Marketing,Apple,Google,Meta's AR glasses with Mark Zuckerberg,Mark Zuckerberg,Mark Zuckerberg Latest News,Mark Zuckerberg News,Technoly,Electronics,

Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

Continue Reading

Entrepreneur Stories

From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

Published

3 weeks ago

on

March 26, 2025

By

From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

Continue Reading

Entrepreneur Stories

Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Published

3 weeks ago

on

March 26, 2025

By

Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

Continue Reading
Advertisement

Recent Posts

Advertisement