Last Updated : GMT 09:40:38
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Wednesday 16 April 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

Ola

India’s ride-hailing company Ola raises $1.1 billion from investors led by Tencent, SoftBank

Themuslimchronicle, themuslimchronicleIndia’s ride-hailing company Ola raises $1.1 billion from investors led by Tencent, SoftBank279337/85
Bangalore - Muslimchronicle
Uber’s Indian rival Ola said Wednesday it has raised $1.1 billion (SR4.12 billion) from investors led by Tencent, the first time the Chinese tech giant has put money into the ride-hailing company. Ola and Uber have been in a fierce battle to gain riders and retain drivers and have spent millions of dollars to increase their share of the boomingRead more

Drivers' strike paralyses Uber, Ola services in Indian capital

Themuslimchronicle, themuslimchronicleDrivers' strike paralyses Uber, Ola services in Indian capital239916/190
New Delhi - Arab Today
A strike led by drivers' unions in the Indian capital demanding better pay from Uber and Ola has paralysed the ride-hailing services that have grabbed business from traditional taxi and rickshaw operators with their cheaper fares. Commuters faced delays for a fourth day on Monday even as the city state's government laid on extra buses to help them to getRead more

Uber sues Indian rival Ola over 'bogus' bookings

Themuslimchronicle, themuslimchronicleUber sues Indian rival Ola over 'bogus' bookings166193/196
New Delhi - AFP
Uber on Tuesday filed a lawsuit against Indian rival Ola, accusing it of making nearly half a million bogus bookings with Uber drivers in the past six months, as competition intensifies in the cut-throat taxi-hailing market. The San Francisco-based company is seeking 490 million rupees ($7.3 million) in damages from Ola for unfair practices, a lawyer representing Uber said. ItRead more

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