Verified employee & interview reviews

Ola Reviews

Bengaluru, Karnataka

4.0/ 5

1 review

Ola Consumer (formerly Ola Cabs) is a major Indian technology company primarily known for its ride-hailing and mobility services. Founded on December 3, 2010, by IIT Bombay graduates Bhavish Aggarwal and Ankit Bhati, the company initially started as an online taxi aggregator service in Mumbai. Seeking to capitalize on India's burgeoning smartphone and mobile internet market, it quickly shifted its headquarters to Bengaluru, Karnataka, which remains its primary base of operations. Operating under the parent entity ANI Technologies Private Limited, Ola grew rapidly to become India's largest mobility platform and one of the world's largest ride-hailing networks. By 2019, the company had scaled its platform to manage over 1.5 million driver-partners across 250 cities, capturing a dominant share of the Indian domestic ride-hailing market. Its core app-based services offer consumers an array of transportation models, ranging from budget-conscious options like auto-rickshaws, bikes, and shared micro-mobility to economic and luxury cars, as well as outstation trips and hourly rental packages. To sustain its aggressive expansion, Ola raised over $3.8 billion across multiple institutional funding rounds from prominent global venture capital groups, including SoftBank, Tiger Global Management, DST Global, and Tencent, reaching an estimated valuation peak of around $7.3 billion. The company utilized this capital to expand into international markets, including Australia and New Zealand in 2018 and the United Kingdom in 2019. However, in April 2024, the company undertook a strategic pivot to exit all international markets to re-consolidate its resources entirely on its core Indian operations. Beyond ride-hailing, Ola transformed itself into a multi-vertical consumer ecosystem. Under its rebranded identity, Ola Consumer, the organization operates in the financial services sector through Ola Financial Services and handles digital food delivery networks and cloud kitchens. The group also pioneered major infrastructure spin-offs, most notably Ola Electric Mobility Limited. Founded in 2017, Ola Electric grew into India's leading electric vehicle manufacturer, operating the 500-acre "Ola Futurefactory" in Krishnagiri, Tamil Nadu. Ola Electric successfully went public on the Indian stock exchanges via an IPO in August 2024. In recent years, the company has heavily focused on technological self-reliance. In May 2024, Ola transitioned its massive data operations from Microsoft Azure to its own independent cloud platform, Krutrim. This was soon followed by another key infrastructure migration in July 2024, when the enterprise replaced Google Maps across its interfaces with an proprietary, in-house routing system called Ola Maps. Financially, for the fiscal year 2023, Ola Consumer reported consolidated operations revenue of approximately INR 2,799 crore, functioning alongside its public EV sister firm under the continuing executive leadership of Bhavish Aggarwal.