Ola Cabs Unicorn
Ola (legally ANI Technologies Ltd, rebranded Ola Consumer in August 2024) is an Indian ride-hailing and urban mobility platform headquartered in Bengaluru, connecting riders to bike, auto-rickshaw and cab driver-partners across 250+ Indian cities, alongside adjacent fintech products (Ola Money, Ola Pay, Ola Credit). It exited international markets (UK, Australia, New Zealand) in April 2024 and is a sister company…
Ola Cabs: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 22 Feb 2022 | Series J | $20M | Arrow Capital | source |
| 8 Dec 2021 | Series J | $148M | Hero Corp IIFL Finance Segantii Capital Management | source |
| 19 Mar 2019 | Series J (strategic) | $300 Mn combined ($250M to Ola/ANI Technologies, $50M to Ola Electric) | Kia Motors Corporation Hyundai Motor Company | source |
| 9 Apr 2015 | Series E | $400 Mn | DST Global Accel Partners Falcon Edge Capital GIC SoftBank Group Steadview Capital Tiger Global Management | source |
| 25 Oct 2014 | Series D | $210 Mn | SoftBank Internet and Media Inc. Matrix Partners India Steadview Capital Tiger Global Management | source |
| 10 Jul 2014 | Series C | ₹250 Cr (~$41.8M) | Steadview Capital Matrix Partners India Sequoia Capital Tiger Global Management | source |
| 4 Jul 2013 | Series B | $20M | Matrix Partners India (now Z47) Tiger Global Management | source |
| 21 Apr 2011 | Angel | $156K | Kunal Bahl Rohit Kumar Bansal | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 5 Oct 2021 | Ola Cabs | geospoc | Undisclosed | source |
| 2 Apr 2018 | Ola Cabs | ridlr-traffline | Undisclosed | source |
| 18 Dec 2017 | Ola Cabs | foodpanda-india-from-delivery-hero | Undisclosed (Ola pledged ~$200 Mn follow-on investment into the unit) | source |
| 12 Nov 2015 | Ola Cabs | geotagg | Undisclosed | source |
| 2 Mar 2015 | Ola Cabs | taxiforsure | $200 Mn (cash + equity) | source |
Recent Signals
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17 Jun 2026 · regulatory
Chandigarh Administration suspends Ola's aggregator licence for six months source -
11 Dec 2025 · financial
S&P Global downgrades ANI Technologies (Ola) to 'CCC' with negative outlook on covenant-breach risk source -
17 Jun 2025 · competitive
Ola rolls out a nationwide zero-commission (subscription) model, letting driver-partners keep 100% of fares source
News on Ola Cabs
No coverage of Ola Cabs linked yet.
L Litmus · by Lapaas
See the full business-model breakdown and validation framework for this company.
View Litmus AnalysisFAQs on Ola Cabs
Who founded Ola Cabs?
Ola Cabs was founded by Bhavish Aggarwal, Ankit Bhati in 2010.
How much funding has Ola Cabs raised?
Ola Cabs has raised $1.14 Bn across 8 tracked funding round(s), most recently on 2022-02-22. Figures are compiled from cited public sources.
Who are the investors in Ola Cabs?
Investors in Ola Cabs include Arrow Capital, Hero Corp, IIFL Finance, Segantii Capital Management, Kia Motors Corporation, Hyundai Motor Company.
What does Ola Cabs do?
Ola (legally ANI Technologies Ltd, rebranded Ola Consumer in August 2024) is an Indian ride-hailing and urban mobility platform headquartered in Bengaluru, connecting riders to bike, auto-rickshaw and cab driver-partners across 250+ Indian cities, alongside adjacent fintech products (Ola Money, Ola Pay, Ola Credit). It…
Where is Ola Cabs headquartered?
Ola Cabs is headquartered in Bengaluru, Karnataka, India.
What is Ola Cabs's business model?
Ola Cabs's core value proposition centers on Convenient, app-based multi-modal mobility, Building mobility for a billion people, Ola Select subscription perks.
How does Ola Cabs make money?
Ola Cabs's cited revenue streams include Ola Select subscription fees, In-cab advertising, Vehicle/cab leasing (Ola Fleet Technologies), Financial services (Ola Money / Ola Pay / Ola Credit).