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Ola raises $50M at a $4.3B valuation from two Chinese funds – TechCrunch

Ola raises $50M at a $4.3B valuation from two Chinese funds – TechCrunch Ola, the arch-rival of Uber in India, has raised $50 million at a valuation of about $4.3 billion from Sailing Capital, a Hong Kong-based private equity firm, and the China-Eurasian Economic Cooperation Fund (CEECF), a state-backed Chinese …

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India’s Uber rival Ola is headed Europe with ride-hailing launch in the UK – TechCrunch

India’s Uber rival Ola is headed Europe with ride-hailing launch in the UK – TechCrunch The UK is getting another alternative to Uber after India-based ride-hailing company Ola announced plans to expand to the country, which becomes its first market in Europe. Ola was founded in 2010 and it covers …

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Uber’s Indian rival Ola is aiming for an IPO in 3-4 years – TechCrunch

Uber’s Indian rival Ola is aiming for an IPO in 3-4 years – TechCrunch Ola, Uber’s chief rival in India, is planning to go public potentially as soon as in three years time, according to its CEO. Co-founder and chief executive officer Bhavish Aggarwal told the audience at an event in Bengaluru …

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China’s Didi Chuxing continues its international expansion with Australia launch – TechCrunch

China’s Didi Chuxing continues its international expansion with Australia launch – TechCrunch Didi Chuxing, China’s dominant ride-hailing company, is continuing its international expansion after it announced plans to launch in Australia this month. The company — which bought Uber’s China business in 2016 — said it will begin serving customers …

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Uber’s India rival Ola could add public transport services following latest acquisition – TechCrunch

The rumors are true, India’s Uber rival/potential-future-M&A-buddy Ola has acquired transportation startup Ridlr in an undisclosed deal. Mint reported the imminent transaction last week, describing it as a fire sale, and today Ola confirmed the deal. The terms are undisclosed so you can make of that what you will. Founded …

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Uber rival Ola buys Foodpanda India to get into food deliveries

Ola, the Uber rival in India, is entering the food delivery space after it announced a deal to acquire Foodpanda’s India business from its parent company DeliveryHero. The deal will see Ola scoop up the Foodpanda India business with DeliveryHero taking an undisclosed amount of Ola stock in exchange. Undisclosed …

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