May 10, 2023 · More than 30–35K cabs went out of Ola business. They faced the worst time of the pandemic but seems like they couldn’t recover overall. Even if it’s over now, the Ola business model is still facing a major setback. Ola’s losses accumulate to Rs …

Oct 24, 2024 · OLA faced numerous legal challenges, including license issues, compliance with local transport laws, and frequent government crackdowns on surge pricing. Each state in India has different regulations regarding ride-hailing services, making it challenging for OLA to standardize its operations.

Mar 4, 2023 · Ola, one of the most revolutionary companies in the Indian business ecosystem, has been facing deep trouble in its cab business since the pandemic began to fade away. More than 30,000 to 35,000 cabs have gone out of business, and …

Dec 6, 2022 · The number of cabs in Bangalore decreased from one lakh to thirty thousand. 95% of the cars that Ola had leased were lying unused in parking lots.

But ever since the pandemic has been waning, OLA’s business has been going downhill. Over 30–35,000 cars have gone out of business, the surge price is beginning to pain the customers, and both drivers and employees have been leaving. Above all, even after 11 years into the business, OLA cabs is still far from being profitable.

May 17, 2022 · Faced with chronic neglect, lack of focus, high attrition and supply-side constraints, Ola's cab business, once the darling of investors, has turned into a dodo. Bhavish Aggarwal's troubles aren't ending.

Nov 3, 2021 · Ola lost Rs 328 crore on its ride-hailing business and Rs 653.5 crore on the cab-leasing segment during FY21. The financial services and cloud kitchen segment also lost Rs 48.3 crore and Rs 77.4 crore respectively during the same period.

Dec 16, 2022 · Multiple senior executives have left the company. Recent exits from the company are of its Ola vehicle commerce CEO, Arun Sirdeshmukh and its chief of group strategy Amit Anchal.

While online taxi companies may simply be reproducing old exploitative structures, the question that seems to have been forgotten is: What kind of public and private transportation system …

Jul 2, 2022 · Ola has recently shut down its quick commerce and used car business, Ola dash and Ola Cars. But what led to its failure? Find out.