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Quick commerce boom: Industry giants race to claim their slice of the pie

India's quick commerce sector has seen an astonishing growth rate, with sales increasing by more than 280 per cent over the past two years

Elon Musk should try something new for a change: Ola CEO Bhavish Aggarwal

Ola founder recently mentioned that he is not sure why Elon Musk is venturing into the same businesses he is in. He also stated that started his Krutrim AI before the latter launched his AI venture

Ola set to enter grocery delivery service again, this time through ONDC

Ola has established itself as the second-largest buyer-side platform for food delivery on ONDC, following Magicpin

Engaging with govt on AI, see big opportunities: Krutrim's Ravi jain

The vision is to enable the developers to do cutting-edge innovation. These platforms or tools that developers need are computing and services and that is what we have opened up

Ola's AI to outdo global players in energy-efficient data centres: Founder

Ola's AI platform Krutrim will compete with global technology majors in building energy-efficient data centres and offer cloud services at the lowest price for the development of artificial intelligence, its founder Bhvish Aggarwal said. While speaking at an event, Aggarwal announced an AI cloud platform - Krutrim Cloud - to enterprises, researchers, and developers at low cost with a focus on addressing the needs of Indian developers. "We are building our own technology to do energy management to make the most efficient data centres in the world. I am willing to compete with Microsoft, Google or whoever to say, we will do better than them. The cloud cost we pay is the same as the amount paid by American developers. How is it justified? We will resolve that," Aggarwal said. He alleged that big technology companies like Amazon, Google and Apple are having closed ecosystems and locking developer's work on their platform. "Krutrim's overall ambition is to build a full stack AI platform

Bhavish Aggarwal's Krutrim unveils Android app, iOS app coming soon

Krutrim has opened up its cloud platform for enterprises, researchers, and developers, enabling development of new-age technology products at a fraction of current costs

Air taxi fare for Delhi-Gurugram to be 1-1.5x of Uber: Archer Aviation

He mentioned that the aim is to keep the air taxi service "very affordable," and the lower labor costs (for pilots, maintenance) in India will assist in achieving this goal

Ola cabs pulls the plug on international business amid 'rising competition'

The company has begun notifying users about the impending closure, with operations in Australia scheduled to halt from April 12

Ola to use Rs 1,226 cr of IPO proceeds on boosting cell manufacturing unit

IPO-bound Ola Electric Mobility Ltd plans to utilise Rs 1,226.43 crore out of the proceeds of its Rs 5,500-crore public issue on capacity expansion of its cell manufacturing plant to 6.4 GWh from 5 GWh, according to preliminary papers filed by the company with capital markets regulator Sebi. The company, which had filed the draft red herring prospectus (DRHP) last week is also looking to use Rs 1,600 crore from the public fund raising on research and product development, while another Rs 800 crore will be deployed to repay debt. Ola Electric Mobility (OEM) which had on August 15, 2023 announced a line-up of electric motorcycles -- Cruiser, Adventure, Roadster and Diamondhead -- expects to begin delivery of the motorcycles in the first half of fiscal 2026. In its DRHP, the company said the Phase 1 (a) and Phase 1 (b) of the set up and expansion of the Ola Gigafactory at Krishnagiri district in Tamil Nadu will be funded from internal accruals and long term borrowings availed by its ar

Ola launches 'Prime Plus' cabs for cancellation-free rides; details here

Ola will not hire new drivers or vehicles for the new service and would instead rely on its existing fleet, sources said

Ola Electric scales up as it plans to gain a lead over competitors

Company will be adding in-house manufacture of motors as well as cells, which account for the bulk of the cost of a scooter

Ola Electric crosses 1 lakh production mark, says CEO Bhavish Aggarwal

The company sells three models of Ola electric scooters, Ola S1, Ola S1 Pro and Ola S1 Air

Karnataka High Court asks state govt, Ola and Uber to reach a consensus

Ola and Uber moved the court challenging an order issued by the State Transport Department effectively banning auto-rickshaw rides through their apps, following multiple complaints of overcharging

Ola not obligated to deduct tax at source on payment to driver: ITAT

Tribunal says Ola is a mere intermediary; its role is limited to managing OLA app, facilitating transport services by the driver to the rider and payment collection via e-wallet on driver's behalf

Top headlines: TCS to hire over 40k freshers; $500 mn more invested in Ola

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Ola eyeing sites in India, Europe to build charging station network: Report

The network is for electric two-wheelers

US funds lower valuation of Indian unicorns Paytm, Ola due to Covid: Report

The funds, T Rowe Price and Vanguard, hold about 1% in both companies; while Paytm's valuation has taken a 26% hit, Ola's has suffered a 50% drop

Green shoots emerging for ride-hailing firm Ola amid the pandemic

The SoftBank-backed company is now serving about 50 per cent rides in major cities that have opened up as compared to the pre-Covid phase.

Ola's self-driven car-sharing service registers sharp demand after launch

The average number of kilometers and hours pre-booked by customers has also quadrupled for the upcoming holiday season

Ahead of IPO, Ola plans realignment of various businesses to cut costs

According to sources in the know, this exercise would result in reduction of its workforce by around 300 people, which is roughly 5-8 per cent of its overall headcount