Founded in 2010, Ola is the biggest mobility platform in India. It is one of the greatest ride-hailing entities in the world, operating in over 250 cities across the UK, New Zealand, Australia and India. The recognised Ola app facilitates mobility services by offering a variety of vehicles such as cabs, metered taxis, auto-rickshaws and bikes. With its transparency and convenience, this company has a large customer base and more than 1.5 million empowered driver-partners.
The headquarter of Ola is located in Bangalore, with Ankit Bhati and Bhavish Aggarwal as its founders. Through data sciences and engineering, the platform ensures a steady back-end system and offers a comfortable experience to the driver-partners and riders. Ola now plans to float its initial public offering to reach greater heights.
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Listing at NSE, BSE
| IPO Open Date | To be announced |
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| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
| Financial year | Total Assets | Total Revenue | Profit After Tax |
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| FY 2021 | To be updated | To be updated | To be updated |
| FY 2020 | To be updated | To be updated | To be updated |
| FY 2019 | To be updated | To be updated | To be updated |
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Ola has emerged as a successful platform with over 1 billion rides served each year.
It also includes Ola Electric (the electric-vehicle arm) and Ola Fleet Technologies (the biggest fleet management business in India).
Ola Skilling focuses on ensuring livelihood opportunities for the youth in India.
It has acquired Ridlr, a leading ticketing and public transport commuting app in the country.
Further, it has invested in Vogo, which offers keyless scooter and bike rentals across Hyderabad and Bangalore.
It also extends its customer offerings such as credit led payments and micro-insurance via Ola Financial Services.
Under Ola Foods, it offers a variety of food brands via the biggest network of kitchens in India.
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In 2020-21, the standalone operating profit for Ola was Rs. 89.82 crores.
Ola fetched $ 500 millions via a TLB (Term Loan B) in December 2021. It has obtained the amount from marquee institutional investors.
The operating revenue of Ola in FY 21 is Rs. 689.6 crores, marking a 65% drop from FY 20. This is because the COVID-19 pandemic brought about nationwide lockdowns that affected travel.
Yes, Ola has raised $ 139 millions from entities such as Edelweiss, Atul DP Family Trust, Alka DP Family Trust, Vicco Laboratories, Hero Enterprise, Tejal Merchantile, IIFL and Siddhant Partners.
Ola Futurefactory is located in Krishnagiri, Tamil Nadu. This facility focuses on producing an e-scooter every 2 seconds.
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