Tue, Oct 30, 2018
The ride-hailing platforms also levy a certain percentage of commission ranging between 15%-25% to each of the driver-owners, thereby only adding to the cost.
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Fri, Sep 21, 2018
Similar to Bhatia's experience is that of 22-year-old student Medha Pandey. She was to rent a cobalt blue gown for her brother's sangeet ceremony from a clothing rental. The dress did arrive, but it was a tad too long for her height and of a material that appeared translucent when worn. "Despite having keyed in the right size, the dress was a mismatch in terms the right fit and was translucent. I had to discard it the last moment, and run to the nearest boutique to buy one.''
Thu, Jun 14, 2018
Ola, which is locked in a bruising battle for market leadership in the Indian market against American rival Uber, had registered a loss of Rs 3,147.9 crore in FY2015-16. During the same period, ANI Technologies -- the entity running Ola -- saw its consolidated total income rising over 70 per cent to Rs 1,380.7 crore as against Rs 810.7 crore in FY2015-16, as per documents filed with Registrar of Companies (RoC).
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.
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