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Ola - About the company

Ola is a series J company based in Bengaluru (India), founded in 2010 by Bhavish Aggarwal and Ankit Bhati. It operates as an Operator of a network providing on-demand transportation and mobility solutions. Ola has raised $3.84B in funding from investors like Tiger Global Management, DST Global and Tencent, with a current valuation of $7.3B. The company has 469 active competitors, including 34 funded and 7 that have exited. Its top competitors include companies like Uber, Namma Yatri and Blu-Smart.

Company Details

Operator of a network providing on-demand transportation and mobility solutions. It facilitates booking of rides through its platform. The company offers options for daily commutes, outstation trips, and hourly rentals. It also provides options for booking electric vehicles.
Social
XFacebook
Email ID
*****@olacabs.com
Registered Address
Ola Campus, C Wing, Prestige RMZ Startech, Kormangala, Koramangala VI Bk, Bangalore, Bangalore South, Karnataka, India, 560095
Key Metrics
Founded Year
2010
Location
Bengaluru, India
Stage
Series J
Total Funding
$3.84B in 25 rounds
Latest Funding Round
Post Money Valuation
$7.3B as on Dec 08, 2021
Ranked
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
3,724 as on Aug 31, 2025
Investment & Acquisitions
Similar Companies
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Ola's funding and investors

Ola has raised a total funding of $3.84B over 25 rounds. Its first funding round was on Apr 21, 2011. Its latest funding round was a Series J round on Feb 22, 2022 for $20M. 2 investors participated in its latest round. Ola has 94 institutional investors and 57 angel investors.

Here is the list of recent funding rounds of Ola:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Feb 22, 2022
$20M
Series J
-
-
Jan 28, 2022
$20M
Series J
-
-
-
Dec 16, 2021
$500M
Conventional Debt
-
-
-
-
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Ola's founders and board of directors

Founder? Claim Profile
The founders of Ola are Bhavish Aggarwal and Ankit Bhati. Bhavish Aggarwal is the CEO of Ola.
Here are the details of Ola's key team members:

Ola's Board of Directors

Ola's board has 4 active members. Bhavish Aggarwal and Sachin Bhatia are part of team and Arun Sarin and Krishnamurthy Venugopala Tenneti are independent board members.
Here is the list of Ola's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
15y 6m
Investor
-
Current
0y 9m
Independent board member
-
Current
8y 9m
Independent board member
-
Past
10y 9m

Ola's employee count trend

Ola has 3,724 employees as of Aug 25. The total employee count is 21.0% lower than what it was in Aug 24. Here is Ola's employee count trend over the years:
Employee count trend for Ola
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Ola's Competitors and alternates

Top competitors of Ola include Uber, Namma Yatri and Blu-Smart. Here is the list of Top 10 competitors of Ola, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Uber
Uber
2009, San Francisco (United States), Public
Network providing on-demand transportation, delivery, and business management solutions
$13.2B
89/100
2nd
Logo for Namma Yatri
Namma Yatri
2022, Bengaluru (India), Seed
Digital mobility platform providing a people-first ride-hailing service through an open network
$15.4M
77/100
3rd
Logo for Blu-Smart
Blu-Smart
2019, Gurugram (India), Series A
Platform offering electric vehicle fleet undergoing corporate insolvency resolution process
$159M
75/100
4th
Logo for Ola
Ola
2010, Bengaluru (India), Series J
Operator of a network providing on-demand transportation and mobility solutions
$3.84B
73/100
5th
Logo for Savaari
Savaari
2006, Bengaluru (India), Acquired
App-based intercity ride-hailing aggregator
$5.93M
71/100
6th
Logo for Snap-E Cabs
Snap-E Cabs
2022, Kolkata (India), Seed
Operator of electric vehicle transportation services providing ride bookings via application
$5M
68/100
7th
Logo for Meru
Meru
2007, Mumbai (India), Acquired
App-based platform offering ride-hailing services
$135M
64/100
8th
Logo for TaxiForSure
TaxiForSure
2011, Bengaluru (India), Acquired
Car rental aggregator
$45.2M
63/100
9th
Logo for WTI
WTI
2009, Delhi (India), Public
Provider of vehicle transfer and tech enabled solutions
-
-
59/100
10th
Logo for Evera Cabs
Evera Cabs
2019, Delhi (India), Seed
Provider of an application for booking electric vehicle transportation services
$14M
58/100
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Ola's Latest cap tables and shareholding

Founders own 10.37%, Funds (largest shareholder) own 80.40%, Enterprises own 0.10% and Angels own 1.16%. The net worth of Ola's founders is INR 3,170Cr as of Dec 11, 2015.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
10.37%
3,170Cr
8222447
8965656
4389370
9465871
9765775
7914114
2442243
3697059
3587232
6947651
644
465
452
831
137
153
Fund
80.40%
24,600Cr
3339924
9268183
3828181
6489108
1614331
9518786
6440571
5905246
2936799
1245679
3322777
9989076
4661862
7531939
8338642
7645799
902
887
234
129
787
286
6
5
3
1
7
6
4
5
8
5
1
6
3
7
6
4
5
4
1
2
1
3
7
1
8
2
1
8
7
5
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Enterprise
0.10%
30.5Cr
0
0
0
0
Angel
1.16%
355Cr
6
7
5
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other People
0.81%
250Cr
0
0
0
0
ESOP Pool
5.97%
1,830Cr
19069
75538
62526
36796
Other Investors
1.18%
361Cr
5
8
7
3
Total
99.99%
30,600Cr
3285807
6358141
5496863
5201342
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Ola's Shareholding

Ola's Investments and acquisitions

Ola has made 8 investments in companies including Mswipe and Vogo. Ola has also acquired 11 companies including Avail Finance and Pikup.ai.
Here is the list of investments & acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Jun 27, 2023
Investments
2011
Mumbai (India)
Mar 25, 2022
Acquisition
2017
Bengaluru (India)
Aug 30, 2019
Investments
2015
Bengaluru (India)
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Reports related to Ola

Here is the latest report on Ola's geography:

News related to Ola

lockFilter this list
Media has covered Ola for a total of 15 events in the last 1 year, 6 of them have been about company updates and 1 about people movement.
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