Saturday, June 14, 2025
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

India’s Ola Aggressively Expands its Service

Lisa Ramadhani by Lisa Ramadhani
6 years ago
in Business News

Ola is India’s largest ride-hailing service. Today, the firm says that Ola aggressively expands its service by allowing Ola Bike operating in 150 Indian city and towns as Ola. By that, it aims to grow its business by three times in the next year.

Ola Bike

Ola is an eight-year-old Softbank- backed firm. It says that Ola Bike service can reach the most remote area in the country. Besides, it also brings affordable and convenient on-demand transportation to millions of people.

Ola’s two-wheeler business, which like the cabs business sees someone drive a passenger around, was launched in 2016. It has now created livelihoods for close to 300,000 people in India.

Read also: Will Amazon’s Big Investment in India Pay Off?

RelatedArticle

How AI and Machine Learning Transforming Trading Strategies

GameStop Shares Surge Roaring $116 Million Position

Profits of 5 Global Banks High Despite ECB Rate Cut

Dominate Your Business with AI

Its aggressive two-wheeler expansion, was in mostly pilot stages in a handful of cities in India, until last year. It represents India’s growing appetite for picking bikes over cabs and other transportation mediums. That happens as people can rush through busy traffic to get to work.

Moreover, Ola Bike also offers an affordable price. A ride with Ola Bike only costs as little as Rs 5 (7 cents) per kilometer.

Ola’s Rivals

Meanwhile, Ola’s main rivals in India, Uber also operates two-wheeler business in the country, Uber Moto. Uber Moto is available in fewer than a dozen cities in India. Besides, both Ola and Uber also offer three-wheeler auto services in the country.

Read also: Uber is Yet to Give Up on Asia

Besides Uber, there is a number of ride-hailing startups appear in the country in recent years. That includes Bounce, Yulu, and Vogo. These startups have also offered two-wheeler rental services. Tens of thousands of people, if not more, use their services each day.

Bounce, alone, said that the startup has gained 80,000 rides each day in Bangalore. Bounce offers a mix of gasoline and electric bikes on its platform.

To response that tight competition, Ola has given $100 million in Scooter rental startup, Vogo.

Tags: businessindiaOlaOla Bikeride hailing
Lisa Ramadhani

Lisa Ramadhani

Reading and travelling bring us the opportunities to understand the complexity of this world.

Related Posts

How AI and Machine Learning Transforming Trading Strategies

AI and Machine learning in trading. Illustration of a business professional shaking hands with a robot. The robot is emerging from a large smartphone screen. Surrounding the smartphone are various technological and financial icons, including a light bulb, blockchain symbols, a microchip, graphs, and currency symbols, representing the integration of artificial intelligence in business. The background is a light blue color. That simbolyse about AI impact on business efficiency.
by oney
November 1, 2024

The integration of AI and machine learning into the financial markets is revolutionizing trading strategies, enhancing algorithmic trading, and equipping...

Read more

GameStop Shares Surge Roaring $116 Million Position

GameStop shares surge
by oney
October 30, 2024

In a dramatic turn of events, GameStop shares surged 80% following a significant reveal by the well-known trader Keith Gill,...

Read more

Profits of 5 Global Banks High Despite ECB Rate Cut

central bank policy decisions, profits of global banks
by oney
October 22, 2024

Introduction Despite the recent rate cut by the European Central Bank (ECB), the profits of five major global banks are...

Read more

Dominate Your Business with AI

AI and Machine learning in trading. Illustration of a business professional shaking hands with a robot. The robot is emerging from a large smartphone screen. Surrounding the smartphone are various technological and financial icons, including a light bulb, blockchain symbols, a microchip, graphs, and currency symbols, representing the integration of artificial intelligence in business. The background is a light blue color. That simbolyse about AI impact on business efficiency.
by oney
October 14, 2024

Advancements in AI technology open up significant opportunities for various industries. However, with the multitude of options and the complexity...

Read more
Load More
Next Post

Grabs Will Launch 50 GrabKitchens in Indonesia

Trending Issues

  • Marelli Holdings avoid bankruptcy

    Marelli Wins Consents to Avoid Bankruptcy

    0 shares
    Share 0 Tweet 0
  • 5 Facts in the Start-Up Drama Story (Part 2)

    0 shares
    Share 0 Tweet 0
  • Baidu, A Look At Chinese Version of Google

    0 shares
    Share 0 Tweet 0
  • This Person Suddenly Becomes Millionaire After Buying Dogecoin

    0 shares
    Share 0 Tweet 0
  • Understanding Notching: A Crucial Aspect of Credit Rating Assessments

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In