{"id":12880,"date":"2019-07-19T16:15:23","date_gmt":"2019-07-19T16:15:23","guid":{"rendered":"https:\/\/www.apptunix.com\/?p=12880"},"modified":"2026-05-14T07:51:23","modified_gmt":"2026-05-14T07:51:23","slug":"ola-indias-ride-hailing-app-is-now-backed-by-investors-from-dubai-all-set-to-expand-internationally","status":"publish","type":"post","link":"https:\/\/www.apptunix.com\/blog\/ola-indias-ride-hailing-app-is-now-backed-by-investors-from-dubai-all-set-to-expand-internationally\/","title":{"rendered":"Ola \u2013 India\u2019s Ride Hailing App is Now Backed by Investors from Dubai \u2013 All Set to Expand Internationally"},"content":{"rendered":"\r\n<p class=\"wp-block-paragraph\">Ola has been on a roll. India\u2019s very own ride-hailing company started the year on a high, securing funding of $ 100 million from Sachin Bansal (The co-founder of Flipkart and one of India\u2019s foremost tech entrepreneurs). Earlier this month, Ola made headlines yet again by <a href=\"https:\/\/www.livemint.com\/companies\/start-ups\/ola-raises-11-million-jabbar-group-founders-dig-investments-deshe-holdings-1562161634164.html\" target=\"_blank\" rel=\"nofollow noopener\">raising $ 11 million in total<\/a>, from investors like Jabbar Internet Group, a tech investment firm based in Dubai, DIG investment Ab based in Sweden, and Deshe Holdings based in the U.S.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">If you look into Ola\u2019s recent investment history, with investors such as SoftBank Group Corp, Tiger Global and Matrix Partners, and Tata Sons raising their stake in the online transportation giant, it\u2019s obvious Ola has been busy trying to diversify its investor base.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">But that\u2019s not all, Ola taxi booking app also plans to introduce <a href=\"https:\/\/www.investindia.gov.in\/team-india-blogs\/electric-vehicle-ev-sector-india-boost-both-economy-and-environment\">10 million EVs (electric vehicles) in India by 2026<\/a>, just became the toughest competitor to UBER in London, and looks to have set its sight on the whole world.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">But is Ola really ready to take over the global transportation scene? Let\u2019s find out!<\/p>\r\n\r\n\r\n\r\n<h2><strong>A brief history of Ola<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">The Ola app is an excellent taxi booking app, an example of a top-notch <a href=\"https:\/\/www.apptunix.com\/blog\/5-growth-hacks-for-on-demand-businesses-like-uber-and-airbnb\/\" target=\"_blank\" rel=\"noopener\">on demand mobile app<\/a> that incorporates both visual aesthetics and functional efficacy. It offers the users the convenience to hail rides at their current location, pay online using various popular payment options, and rate their ride experience. Today, Ola is estimated to be worth about $6.2 billion. But the company\u2019s origins were pretty humble.<\/p>\r\n\r\n\r\n\r\n<ul class=\"blue_bullets wp-block-list\">\r\n<li>\r\n<p class=\"uder_li_tag\">Ola was founded in December 2010 and only operated within the city of Mumbai.<\/p>\r\n<\/li>\r\n<li>\r\n<p class=\"uder_li_tag\">In March 2014, Ola acquired TaxiForSure, a transportation company based in Bangalore, for an estimated $200 million.<\/p>\r\n<\/li>\r\n<li>\r\n<p class=\"uder_li_tag\">In November 2014, Ola launched Ola Auto \u2013 budget friendly auto rickshaw rides. By the end of the year, Ola auto was running successfully in all the major cities in India, including Chennai, Delhi, Hyderabad and Pune.<\/p>\r\n<\/li>\r\n<li>\r\n<p class=\"uder_li_tag\">In 2017, Ola acquired Food panda, an Indian food delivery company and further diversified its services.<\/p>\r\n<\/li>\r\n<li>\r\n<p class=\"uder_li_tag\">In 2018, Ola financed Vogo, a scooter renting startup, continuing its expansion into newer markets.<\/p>\r\n<\/li>\r\n<li>\r\n<p class=\"uder_li_tag\">By the end of 2018, Ola was running its operations across 169 cities in India, with approximately 1,000,000 vehicles under its wing.<\/p>\r\n<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">If you look closely at the past, it can give you a clear idea of the future. Ola\u2019s past shows a determined march into uncharted markets and a trend of succeeding in the majority of its undertakings. With that track record, it\u2019s easy to feel positive about Ola\u2019s international success.<\/p>\r\n<blockquote>\r\n<p><strong>Bonus Read: <\/strong><a href=\"https:\/\/www.apptunix.com\/blog\/mobile-app-development-cost-dubai-uae\/\" target=\"_blank\" rel=\"noopener\"><strong>How Much Does it Cost to Build Mobile App in Dubai UAE<\/strong> <\/a><\/p>\r\n<\/blockquote>\r\n\r\n\r\n\r\n<h2><strong>Ola\u2019s foray into international waters<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">According to Accounting and Corporate Regulatory Authority of Singapore, <a href=\"https:\/\/economictimes.indiatimes.com\/small-biz\/startups\/newsbuzz\/ola-drives-in-60-million-to-run-international-operations\/articleshow\/69334534.cms\" target=\"_blank\" rel=\"nofollow noopener\">Ola has spent about $60 million on international operations<\/a> during the past 15 months. And by the end of the current financial year, Ola\u2019s international business is expected to make up more than a third of its total revenue.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Ola\u2019s approach so has been both well planned and well executed.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">If you look at the user base and geographical aspects of cities like Auckland, Cardiff, Perth and Sydney, you\u2019ll find they\u2019re about the same size as major Indian cities where Ola has been operating successfully for years. By entering cities like London where Uber has been struggling due to regulatory issues, Ola is making the most of every opportunity open to it.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Presently, Ola is operational in 20 cities outside India, including 3 cities in New Zealand, 7 cities in the United Kingdom and 9 cities in Australia. If the company continues its careful approach in selecting new markets, international growth and success seem inevitable!<\/p>\r\n\r\n\r\n\r\n<h2><strong>Ola\u2019s strategy<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Ola\u2019s push into international market isn\u2019t fueled by ambition alone. Ola has already found the formula for generating greater revenue with lesser expenditure in India. Moves like reducing driver incentives, increasing fares where and when possible and launching subscription and values added services on Ola taxi booking app have been significant contributors to their success.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Continuing to move strategically into international locations where existing transportation services are either struggling or aren\u2019t on top of their game can give Ola a big advantage if they can keep trimming their losses and earning higher revenue. Since a major part of Ola\u2019s operations \u2013 from tech to call centers are based in India where the cost of running is more economical than in most other countries, Ola finds itself in a highly advantageous position.<\/p>\r\n\r\n\r\n\r\n<h2><strong>Conclusion<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">India\u2019s homegrown on-demand ride-hailing company is already challenging the biggest international players in a big way. With the brains behind the operations planning every move with utmost care, and the support of a reliable <a href=\"https:\/\/www.apptunix.com\/solutions\/ride-sharing-app-development\/\">ride sharing app development company<\/a>, Ola is expected to emerge as one of the biggest names in international transportation in the coming years.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Interested in developing an Ola-like <a href=\"https:\/\/www.apptunix.com\/solutions\/ride-sharing-app-development\/\" target=\"_blank\" rel=\"noopener\">ride-hailing app<\/a> for your very own startup? Reach out to us at <a href=\"https:\/\/www.apptunix.com\/contact-us\/\" target=\"_blank\" rel=\"noopener\">Apptunix.com<\/a>.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Ola has been on a roll. India\u2019s very own ride-hailing company started the year on a high, securing funding of $ 100 million from Sachin Bansal (The co-founder of Flipkart and one of India\u2019s foremost tech entrepreneurs). Earlier this month, Ola made headlines yet again by raising $ 11 million in total, from investors like [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":32846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[5132,4806,5130,5131,3825,5133,314],"class_list":["post-12880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-android-app-developers-in-dubai","tag-app-developers-in-dubai","tag-app-developers-in-uae","tag-app-development-comapny-in-uae","tag-custom-mobile-app-development-company-in-dubai","tag-ios-app-development-company-in-dubai","tag-mobile-app-development-company-in-dubai"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ola, India\u2019s Taxi booking App, Gets Backing from Dubai 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