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Govt may limit Ola, Uber commissions at 10% of total fare; cap surge pricing

Thursday, November 28, 2019, 7:21 PM

The Centre may cap the commission earned by taxi hailing companies such as Ola and Uber at 10% of the total fare, reports The Economic Times. At present, ride sharing companies earn 20% of the total-fare/ride. This is the first time the government will regulate the commission earned by such companies. State-governments will be permitted to charge an-additional-levy on taxi-aggregators' earnings, the report stated.
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Ola driving to colleges for hiring

Tuesday, November 19, 2019, 9:42 AM

Ride-hailing app Ola is hiring more than a third of its employees from college campuses this year. The firm plans to hire about 150 students across campuses a two-fold jump over last year and has begun engaging with colleges to set up workshops, leadership talks and internship programmes, a top executive told.
 
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Ola in talks with Microsoft for $200 million funding

Tuesday, October 29, 2019, 3:08 PM

Ride-hailing major Ola is in advanced talks to raise about USD 150-200 million (about Rs 1,050-1,400 crore) in funding from tech giant Microsoft, according to sources. The discussions are at an advanced stage and likely to be closed in the next 10-15 days, the sources privy to the development said. Emails sent to Ola did not elicit any response, while Microsoft declined to comment.

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