Taxi aggregator Uber on July 28 announced the ‘Mi Pan Malak’ scheme to encourage taxi and auto drivers across the megapolis to join its platform. Under the scheme, the drivers can avail of offers and services through Uber’s partnerships with leading financial institutions and car manufacturers wi…
Tag: Ola
PayU India plans to double value of processed transactions to $1 billion per month
Financial technology arm of Naspers, PayU India, said its payment gateway business plans to double the total value of transactions processed, to $1 billion per month in the next one year, backed by boost in volumes from offline and online partnerships. “Striking partnerships is critical to …
Jugnoo looks to turn net-independent, starts offline booking
In a bid to become internet-independent, Chandigarh-based autorickshaw-hailing platform Jugnoo has introduced autorickshaw booking on the app in the offline mode. The company also filed for a patent last week with the Patent Authority of India, New Delhi. All other players, including its competit…
Freecharge to take on Paytm on taxi fare payments
While ride hailing services Ola (ANI Technologies Pvt. Ltd) and Uber Inc. strive for a pole position in the domestic ride hailing market, there is another battle silently brewing among wallet and payment service providers Paytm (One97 Communication Pvt. Ltd) and Freecharge to make the most of the…
Ola signs MoU with Haryana to create 10,000 entrepreneurs in the state
Ola, India’s leading mobile app for transportation, has signed a Memorandum of Understanding (MoU) with the Government of Haryana, to create over 10,000 entrepreneurs in the state. As part of the MoU, Ola will invest Rs. 350 crores over the next five years to skill and train thousands of men and …
Uber unveils upfront fare
Taxi-hailing app Uber is giving a new name to surge pricing — upfront fare. Uber hopes that by showing fares to customers before booking a ride, a practice it follows for shared rides on its platform, it can be more successful. Uber says it is able to predict the fare for a trip by having [&helli…
Investors say Angel Tax exemption will not benefit several startups
The government’s much-lauded decision to repeal the controversial ‘angel tax’ will not benefit several startups because of the riders attached in the new regulation, industry leaders said. ‘Angel tax’, or tax on investments in startups, was considered regressive by a…
Zopper looks to double GMV to $200 million this fiscal
Hyperlocal model may not have turned out to be viable for grocery players such as PepperTap, Localbanya, Ola Store and Flipkart’s Nearby, leading all of them to shut shop, but Neeraj Jain, Co-Founder of Zopper, hyperlocal for home appliances, expects to double its GMV (Gross Merchandise Value) to…
Ola to raise $1 billion to fend off Uber
ANI Technologies, the company that owns India’s largest taxi aggregator, Ola, is in talks to raise nearly $1 billion (Rs 6,700 crore) in fresh funding to compete with global rival Uber, which has a war chest for India, ‘the only market that remains open globally. Ola is expected to close th…
Ola expands premium service ‘Lux’ to Delhi-NCR
After Micro, taxi aggregator Ola is now betting on the luxury segment for growth and has expanded its premium service ‘Lux’ to Delhi-NCR. Using Ola ‘Lux’, users will be able to book rides in high-end sedans like Jaguar, Mercedes, Audi, BMW, Toyota Camry, Fortuner and Honda…