Fri, Feb 01, 2019
According to the documents filed with the Corporate Affairs Ministry, Ola narrowed its standalone losses significantly to Rs 2,676.7 crore, while revenues were up 44.6 per cent to Rs 1,860.6 crore in FY2018 compared to the previous financial year.
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Wed, May 10, 2017
SoftBank said that it has written off over $1 billion (Rs 6400 crore) on valuation of its investment in Snapdeal.
Sun, Apr 30, 2017
Ola has seen its losses widen about three times from Rs 796.11 crore in 2014-15
Fri, Apr 14, 2017
Ola has raised about Rs 1,675 crore in a fresh funding round from Japan's SoftBank in order to compete with its rival taxi aggregator Uber in India.
Thu, Feb 09, 2017
Japan's multinational telecom and internet firm SoftBank has reported $350 million loss on its investments in India including its investments in Ola and Snapdeal.
Tue, Nov 08, 2016
Japan's SoftBank Corporation has booked an investment loss of 58.14 billion yen ($560 million or nearly Rs 3,725.54 crore) on its investments in India including cab-hailing firm Ola and e-commerce company Snapdeal.
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