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Amidst exploring mega investment round, Ola may pause global expansion

Thursday, June 6, 2019, 6:21 PM

Ola may be preparing to pause its international market expansion for the second time in two years, according to the source. Ola was supposed to expand to the Netherlands, Kenya, Dubai, Israel, and Brazil, it added. The ride-hailing company is also reportedly slowing down investment in its current overseas markets of the UK and Australia.
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Ola launches credit card in tie-up with SBI Card

Friday, May 17, 2019, 9:19 AM

Ride-hailing company Ola has launched Ola Money SBI Credit-Card in partnership with SBI Card, one of India's largest credit-card issuers. Powered by Visa, Bangalore-based company aims to provide a flexible and convenient payment-system alongside several benefits to its customers. Ola is targeting 10 million Ola Money SBI Credit Cards by 2022. Meanwhile, SBI Card is looking at strengthening its card portfolio through unique initiatives.
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Ratan Tata Invests in Ola Electric Mobility

Monday, May 6, 2019, 2:50 PM

Ratan Tata, the Chairman Emeritus of Tata Sons, has invested an undisclosed amount in Ola's newly-formed company Ola Electric Mobility as part of its Series A round of funding. Tata is also an early investor in ANI Technologies, Ola's parent company. Ola Electric had raised Rs.400 crore in March this year from Tiger Global, Matrix Partners India and others.

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