SUMMARY
Over 150 Mn Cumulative Bookings Served Till Date
Bangalore-based Taxi hailing service, Ola, has announced that it has served over 25 Mn customers till date. In a short span of five years, the startup has served over 150 Mn cumulative bookings on its platform.
Ola has grown three times its size in the last six months from April 2015; here are few quick facts:
- Receives over 1 Mn daily booking requests at current scale
- Currently operational in 102 cities with over 325,000 vehicles registered on the platform.
- Expecting to clock 3 Mn booking requests a day, by April 2016.
- 7,500 users a minute look for a vehicle of choice on the Ola app.
- Adds up to 1,500 vehicles on its platform on a daily basis.
Bhavish Aggarwal, Co-founder & CEO at Ola, said “Our current rate of 1Mn booking requests a day puts us on track. We have now served 25 Mn unique customers in India. Our next phase of growth will be fuelled by newer, innovative solutions like Ola Share, Ola Prime and others, which are now being piloted on a large scale in select cities.”
According to the startup, both Ola and TaxiForSure mobile apps put together have reached 78% users in the country. At current scale, it adds up to 1,500 vehicles on its platform on a daily basis. The company will infuse additional 100,000 cabs over the coming year onto its platform under its cab-leasing program. Last month, Ola, released its API to coders & developers and partnered with Makemytrip, Samsung, OyoRooms, Helpchat and Inmobi – integrating their APIs on Ola’s platform. This move gave Ola access to additional 100Mn users from its partners.
Promoted under ANI Technologies, Ola was founded in Jan 2011 by IIT Bombay alumni Bhavish Aggarwal and Ankit Bhati. Today, it is among the leading startups and a unicorn (valued above $1 Bn). It is said to hold about 60% of the market share in Taxi-hailing service followed by Meru Cabs and San Francisco-based Uber. The company, however has diversified into more areas besides Taxi-service like Ola Café and Ola Grocery.
Ola recently raised around $30 Mn from its Chinese counterpart Didi Kuaidi. This is in addition to the $225 Mn round it raised this month, led by existing investor Falcon Edge Capital along with Tiger Global Management LLC, Softbank and six other investors. The company has also tripled its number of tech employees, with the team growing from 300 to 1,000 in one year.
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.
