Yes, Ola Cabs, an international ride-sharing business with its headquarters in Bangalore, is an Indian corporation. It also engages in additional industry sectors, such as cloud kitchens and financial services. Bhavish Aggarwal and Ankit Bhati established Ola in December 2010 with the goal of enabling mobility for a billion people.
About OLA Service
With 250+ cities served across India, New Zealand, Australia, and the UK, Ola has become one of the largest ride-hailing firms in the world and the biggest mobility platform within India. By connecting users to drivers and a variety of vehicles, including bikes, metered taxis, auto-rickshaws, and cabs, the Ola app provides mobility solutions.
Ride Options
Ola Cabs offers a range of service tiers, from budget-friendly to opulent. The service takes both cash and internet payments, and the cabs may be booked through a mobile app as well as their website. As of 2014, it claimed to have more than 150,000 bookings per day on average and to hold 60% of the market share in India. The company now has a network of over 1.5 million drivers spread across 250 cities as of 2019.
Its operations
Instead of purchasing and leasing its own vehicles, Ola collaborates with several taxi operators and drivers while incorporating some cutting-edge technologies into the overall system. This enables users of the Ola app to quickly book cabs. According to Uber’s 2020 forecast, India’s native ride-hailing service Ola has a little under fifty percent of the market there.
- Ola Play: Ola has made reserving a taxi much easier. Ola takes care of everything to guarantee a comfortable ride, from easy ways to pay to maintaining the customers engaged while they are traveling via “Ola Play.” Ola now also runs self-driving vehicles.
- Ola outstation: If you want to travel outside of the city, you can choose this option. If you want to hire a cab by the hour, you can use Ola rentals.
- Ola Select: Ola has also introduced “Ola Select,” a membership program with premium ride advantages that is subscription-based.
- ‘Ola pedal’- With more than 500 bicycles, Ola’s bike-sharing program is already very popular on the campuses of IIT Madras and IIT Kanpur.
- Ola Corporate-‘Ola Corporate’ was introduced by Ola in 2016. The fare is debited from the business’s Ola corporate prepaid account when workers book trips through Ola Corporate.
- Ola Financial Services (OFS)- Ola also launched Ola money. Ola and Religare joined together to create Ola HospiCash, which enables policyholders to recover Rs 5000 each day in the event of hospitalization.
Summarized Table
| Is Ola an Indian Company? | Yes, Ola is an Indian company. |
| Headquarters | Bengaluru, Karnataka, India |
| Industry | Ride-sharing, transportation, and mobility services |
| Founded | 2010 |
| Founders | Bhavish Aggarwal and Ankit Bhati |
| Key Services | Ride-sharing, ride-hailing, and mobility solutions |
| Market Presence | Ola primarily operates in India but has expanded its services to other countries |
| Notable Services | Ola offers various services, including Ola Cabs, Ola Auto, Ola Bike, and Ola Electric |
| Innovation | Known for its technological innovations in the ride-sharing and mobility space |
| Domestic Market Focus | Primarily serves the Indian domestic market |
| International Expansion | Ola has expanded its services to several other countries, including the United Kingdom, Australia, and New Zealand |
| Contribution to India | Ola has played a significant role in India’s transportation and mobility industry |
Conclusion
Yes, Ola is an Indian Company. Ola operates with ease and transparency for thousands of millions of users and over 1.5 million driver-partners.
Anantha Nageswaran is the chief editor and writer at TheBusinessBlaze.com. He specialises in business, finance, insurance, loan investment topics. With a strong background in business-finance and a passion for demystifying complex concepts, Anantha brings a unique perspective to his writing.
