OLA Cabs Success Story - The Ride Hailing App That's Going Places

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Founded in 2010, Ola is a leading Indian ride-hailing company based in Bangalore, offering diverse services like ride-hailing, food delivery, and electric vehicle rentals via a mobile app. Known for promoting sustainability, Ola is a key player in transforming urban mobility globally.

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2010: Inception

Ola Cabs, founded by Bhavish Aggarwal and Ankit Bhati, started as an online cab aggregator in Mumbai, India.

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2011 - Expansion

- Ola expanded its services to other cities in India, providing users with a convenient and reliable way to book local transportation. - OLA Cabs raised $500k in Angel Investment from Kunal Bahl and other Investors.

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2011: First International Venture

- Ola Cabs raised $5 Million from Tiger Global Management. - Ola achieved a significant milestone by expanding its operations to several cities across India.

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2015: Funding and Valuation

- Ola secured substantial funding, contributing to its growth and leading to an increase in valuation. - Ola became a unicorn after raising over $900 mn from different investors in Series E & F funding and also acquired TaxiForSure.

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2018: International Expansion

OLA raises over $250 million in series I funding.Ola expands globally, initiating operations in Australia, the UK, and New Zealand.

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2020: Electric Mobility Initiative

- Ola launches initiatives for electric mobility, integrating electric vehicles for sustainable transportation.

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2021: IPO Plans

- Ola unveils plans for an IPO, marking a significant step toward becoming a publicly listed company.

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