Key Highlights
Ola plans to make its private-label brands the Cornerstone Business Solutions for development
Foodpanda reduced marketing and customer acquisition by 2/3rds
Foodpanda’s India business in an all-stock deal in 2017
OLA is one of India’s most well-funded tech start-up application. It was found on 3rd December 2010 by two IIT Bombay graduates, Bhavish Aggarwal, and Ankit Bhati. Bhavish in partnership with Ankit Bhati started OLA Cabs in Mumbai and is now headquartered in Bangalore.
Ola is currently available in major cities such as Mumbai, Delhi, Pune, Chennai, Hyderabad, and over 180 cities. In 2018, Ola expanded to the international market and launched it in Australia, New Zealand, and the United Kingdom. The company also introduced auto-rickshaw (tuk-tuk) services in the streets of Liverpool, United Kingdom.