In a significant strategic shift, Ola, operated by ANI Technologies, has announced the closure of its ride-hailing operations in the UK, Australia, and New Zealand to concentrate its resources and growth efforts on the Indian market. This decision comes as the company reports a substantial narrowing of its financial losses and identifies a considerable opportunity […]
Ola Electric, a business unit of ANI Technologies, has signed a 10-year debt financing agreement for $100 million with Bank of Baroda for funding and financial closure of phase 1 of its Ola Futurefactory. To be located in Krishnagiri, Tamil Nadu, Ola Futurefactory will be the global manufacturing hub of Ola Electric for its electric […]
Ola acquisition of foodpanda India : Indian online cab booking company Ola has struck a deal to acquire foodpanda India, an online food delivery company from Germany-based Delivery Hero for an undisclosed price. In return, Delivery Hero will get an undisclosed stake in Ola and will secure an investment of $200 million from the online […]