Latest news with #OlaConsumer
Time of India
15-07-2025
- Business
- Time of India
Leadership shakeups cloud Ola Electric's revival attempts
People Exclusives Leadership shakeups cloud Ola Electric's revival attempts Bhavish Aggarwal, co-founder and CEO of Ola Consumer, and founder of Ola Electric; image credit: Visualisation by Sadhana Saxena Via AI Synopsis Bhavish Aggarwal-led EV maker reported an improvement in sales, revenue, and margins which sparked an uptick in the stock price for a day. But leadership churn clouds the progress — the new CBO quit in three weeks, the sales head in one, and the legal team is seeing exits. The company has just faced two weeks of uncertainty around the continuation of three key people. When a company's top brass keeps exiting faster than customers can say 'electric scooter', it is a red flag that cannot be ignored. Ola Electric, the company that stunned the electric two-wheeler market with its swift and forceful foray, is struggling with a leadership crisis that has aggravated in recent months amid slump in sales, stock price crash, regulatory actions, and product delays. 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Time of India
18-06-2025
- Business
- Time of India
No commissions! Ola launches new zero percent model in India; entire fare earnings to go to drivers
Ola claims that it is now India's first ride-hailing service to completely remove commission charges. The fare for your next trip on an Ola will go entirely to the driver. Ola has announced nationwide implementation of a zero percent commission structure, enabling drivers across its auto, bike, and cab services to keep their entire fare earnings. The implementation was conducted systematically, beginning with auto services, then bike services, and finally extending to cab services. Ola claims that it is now India's first ride-hailing service to completely remove commission charges. Drivers now have the flexibility to select their preferred plans whilst retaining their complete earnings, without any reductions or earning limitations. An Ola Consumer spokesperson told ET, "The launch of the zero percent commission model pan-India marks a fundamental shift in the ride-hailing business. Removing commissions empowers driver partners with much more ownership and opportunity." According to a previous report in the financial daily, Ola and Uber have adopted a subscription-based fee structure, previously introduced by Namma Yatri and Swiggy-backed Rapido, for auto rickshaw drivers. This system replaces traditional per-trip commission or booking fees with fixed daily or weekly charges, providing drivers unlimited ride access. A Telangana-based organisation representing gig workers expressed scepticism about the overall effectiveness of the latest initiative. "All aggregator companies charge subscription fees—before the ride, you must recharge. They may be removing commissions, but they already charged subscription fees from the riders," said Shaik Salauddin, founder president of the Telangana Gig and Platform Workers Union. As part of its expansion beyond transport services into automated warehousing, Ola Credit, and Ola Pay, Ola rebranded its ride-hailing division as Ola Consumer in the previous year. The company, under Bhavish Aggarwal's leadership, has seen declining revenues and multiple high-level departures during the past year. Its revenue from operations and other income across ride-hailing, financial services, and logistics decreased to Rs 2,368 crore in FY24 from Rs 3,000 crore in FY23. In December 2024, two veteran executives, Suvonil Chatterjee, chief technology and product officer, and Anshul Khandelwal, chief marketing officer, departed Ola Electric. Both executives had previously worked at Ola Cabs before joining the EV division. The company has also attracted regulatory attention. In January 2025, the Central Consumer Protection Authority (CCPA) sent notices to Ola and other ride-hailing companies regarding price differences between Android and iPhone users. In May, Union consumer affairs minister Pralhad Joshi announced that the CCPA had broadened its investigation of the advance tipping feature to include Ola Cabs and Rapido, following an earlier notice to Uber. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Indian Express
05-06-2025
- Entertainment
- Indian Express
Woman books Ola bike ride for 180 meters to avoid stray dogs, video goes viral
An unusual Ola bike ride has gone viral on Instagram after a woman booked a ride for a distance of just 180 metres. In the now-viral video, shared by user @rohitvlogster, the driver arrives at the pickup point and asks the woman for the OTP. After entering it, he appears puzzled and asks whether she's selected the right drop location since it was just 180 metres away. The woman confirms she booked the ride because she is scared of stray dogs in the area and didn't want to risk walking past them. The rider, amused but professional, drops the woman at her destination. When the rider ended the trip, the app showed the customer had to pay Rs 19. The text in the video read, 'Maam ne book kiya Ola sirf 180 metre ke liye' (Ma'am booked an Ola for only 180 meters). The video has gone viral with over 2.8 million views and more than 72.2K likes on Instagram. A post shared by ROHIT VLOGSTER (@rohitvlogster) A third user commented, 'Imagine if dog waiting for her at destination.' Many others responded with strings of laughing emojis. Last year, an Ola driver named Parag Patil captured the Internet's attention after it was revealed that he was once an international athlete. A former Olympian, Patil represented India on the global stage, winning two gold, eleven silver, and three bronze medals. Backed by major venture capital firms including SoftBank, Ola Cabs, a ride-hailing platform based in Bengaluru, expanded internationally in recent years, launching operations in Australia in January 2018, New Zealand in September 2018, and the United Kingdom in March 2019. However, in April 2024, the company announced its exit from all international markets to concentrate exclusively on its Indian operations. A few months later, in August 2024, it rebranded itself as Ola Consumer to reflect its broader business focus.
