#Ola Upcoming IPO

[johnthejacobs]

Phenomenal Ola Cabs Share Price Surge

Introduction

In the fast-paced world of ride-hailing services, one company's meteoric rise has captured the attention of investors and industry observers alike. Ola Cabs, with its innovative approach to transportation and unwavering commitment to customer satisfaction, has experienced a remarkable surge in Ola Cabs Share Price, marking a significant milestone in its journey towards becoming a dominant player in the market. ANI Technologies Private Limited, commonly known as "OLA," along with its subsidiaries (collectively referred to as the "Group"), emerges as a prominent technology-driven service provider in the burgeoning cab-hailing market of India. Established with a noble mission to extend mobility solutions to a billion Indians, ANI stands out as one of the frontrunners in offering internet and mobile technology platforms tailored for commuters seeking cab-hailing services.

Distinguished as one of the leading companies in its domain, ANI facilitates seamless cab-hailing experiences through its innovative internet and mobile technology platforms. OLA, a flagship entity of the Group, holds the distinction of being one of the world's largest ride-hailing companies, with a presence spanning over 250 cities across India, Australia, New Zealand, and the United Kingdom. Leveraging its expansive network, OLA provides a diverse array of ride-sharing options, encompassing taxis, bikes, and auto-rickshaws, thereby catering to the diverse commuting needs of millions of customers.

Central to OLA's success is its user-friendly mobile application, which connects clients to a myriad of vehicles, including motorcycles, auto-rickshaws, metered taxis, and cabs. This seamless connectivity empowers both customers and over 1.5 million driver-partners with unparalleled convenience and transparency in their commuting endeavors.

OLA predominantly generates revenue through commission income and convenience fees levied on drivers who enlist on its platform. In the fiscal year 2021, a substantial 86.5% of its revenue stemmed from these sources. Moreover, OLA boasts an extensive pool of over 1.5 million registered drivers on its platform, underscoring its significant market presence and operational scale.

Further bolstering its technological prowess, OLA maintains robust research and development centers, with a notable presence in the United Kingdom. These centers house technical and engineering teams equipped with specialized expertise in product application and development. Notably, OLA Electric, a subsidiary focused on electric vehicles (EVs), has announced plans to establish a dedicated R&D facility in the U.K. with an investment of $100 million over the next five years, underscoring the company's commitment to advancing sustainable mobility solutions.

In the ride-hailing and taxi segment, OLA has witnessed steady user penetration, with figures reaching 7.3% in fiscal year 2022 and projected to rise to 7.5% by fiscal year 2027. Founded in December 2010 by Bhavish Aggarwal and Ankit Bhati, OLA epitomizes a visionary initiative aimed at democratizing mobility for a billion people.

Operating under the brand name "OLA," the Group functions as a privately held entity incorporated and domiciled in India, with its registered office situated in Bengaluru, Karnataka. With its relentless focus on innovation, customer satisfaction, and market expansion, OLA continues to redefine the landscape of urban mobility, exemplifying excellence in the cab-hailing industry.

Ola Cabs: Redefining Urban Mobility

Ola Cabs, often referred to simply as Ola, stands as a pioneering force in the ride-hailing industry. Established with the mission of revolutionizing urban mobility, the company has leveraged cutting-edge technology and forward-thinking strategies to offer convenient, reliable, and affordable transportation solutions to millions of commuters across the globe.

Innovative Services and Solutions

At the heart of Ola's success lies its relentless pursuit of innovation and customer-centricity. Through its diverse range of services, including Ola Micro, Ola Mini, Ola Prime, and Ola Rentals, the company caters to the diverse needs and preferences of its customers. Moreover, Ola's commitment to sustainability is evident in its initiatives such as Ola Electric and Ola Bike, which aim to promote eco-friendly modes of transportation and reduce carbon emissions.

Market Expansion and Strategic Partnerships

Ola's share price surge can be attributed, in part, to its strategic expansion initiatives and partnerships. The company has successfully expanded its presence beyond its home market in India to international destinations such as Australia, New Zealand, and the United Kingdom. Additionally, collaborations with government agencies, automotive manufacturers, and technology firms have bolstered Ola's market position and facilitated its growth trajectory.

Technological Advancements and Customer Experience

Ola's relentless focus on technological advancements and enhancing the customer experience has been instrumental in driving its share price upwards. The company's intuitive mobile app, advanced algorithms, and seamless booking process have set new benchmarks in the industry, garnering praise from both users and industry experts alike. Furthermore, Ola's emphasis on safety measures, driver training programs, and responsive customer support further enhances its reputation as a trusted and reliable service provider.

Financial Performance and Investor Confidence

Ola's robust financial performance and promising growth prospects have instilled confidence among investors, contributing to its share price surge. With impressive revenue figures, expanding market share, and strategic investments in future technologies, the company continues to attract investment interest from both institutional and individual investors. Moreover, Ola's transparent communication and proactive investor relations efforts further reinforce investor trust and bolster its market valuation.

Challenges and Future Outlook

Despite its remarkable success, Ola faces a set of challenges including regulatory hurdles, competition from rivals, and operational complexities. However, with its agile business model, innovative spirit, and resilient leadership, the company is well-positioned to overcome these challenges and capitalize on emerging opportunities in the ever-evolving transportation landscape. As Ola continues to innovate, expand its market presence, and diversify its service offerings, its share price is poised to reflect its continued growth and leadership in the ride-hailing industry.

Conclusion

The phenomenal surge in Ola Cabs' share price underscores the company's unwavering commitment to innovation, customer satisfaction, and sustainable growth. As it continues to redefine urban mobility and expand its global footprint, Ola is poised to maintain its upward trajectory in the ride-hailing industry. With a solid foundation, robust financial performance, and a relentless drive for excellence, Ola Cabs' share price surge is a testament to its status as a trailblazer in the transportation sector.

[freddiemark]

Evaluating Ola's Share Price Performance in a Competitive Market ?

Introduction to Ola Share Price

The Ola Share Price has been a topic of great interest and speculation among investors and market enthusiasts. As one of the leading ride-hailing companies in the world, Ola has captured the attention of both individual and institutional investors alike. In this article, we will delve into the journey of Ola Share Price, uncover the factors that have contributed to its growth, and explore the future prospects and growth opportunities for Ola Share Price.

Understanding Ola Share Price Journey

The journey of Ola Share Price has been nothing short of remarkable. Since its inception, Ola has experienced significant growth and has become a dominant player in the ride-hailing industry. The company's innovative business model, coupled with its strong focus on customer satisfaction, has propelled its success and subsequently, its share price.

Ola's share price has witnessed a steady upward trajectory over the years, with occasional dips due to market fluctuations. The company's ability to adapt to changing market dynamics, expand its services, and explore new revenue streams has played a crucial role in boosting investor confidence and driving share price growth. Additionally, strategic partnerships and acquisitions have further strengthened Ola's position in the market, leading to increased investor interest and positive market sentiment.

Unveiling the Factors Behind Ola Growth

Several key factors have contributed to the growth of Ola Share Price. First and foremost, Ola's relentless focus on customer satisfaction has helped the company build a loyal customer base. By providing affordable, convenient, and reliable transportation services, Ola has managed to attract and retain a large number of users. This has not only translated into increased revenue but has also boosted investor confidence in the company's ability to generate sustainable growth.

Furthermore, Ola's strategic expansion into new markets, both domestically and internationally, has been a significant driver of its share price growth. By entering untapped markets and establishing a strong presence, Ola has been able to tap into new revenue streams and expand its user base. This expansion strategy has not only fueled Ola's revenue growth but has also positioned the company as a global leader in the ride-hailing industry.

Moreover, Ola's aggressive approach towards innovation and technology has set it apart from its competitors. The company has been at the forefront of incorporating emerging technologies, such as artificial intelligence and machine learning, into its operations. This has enabled Ola to enhance its service offerings, improve operational efficiency, and stay ahead of the competition. Investors have recognized Ola's commitment to innovation and have shown confidence in the company's ability to leverage technology for sustainable growth.

Future Prospects and Growth Opportunities of Ola Share Price

Looking ahead, the future prospects for Ola Share Price appear promising. The ride-hailing industry is expected to continue growing at a rapid pace, driven by increasing urbanization, changing consumer preferences, and the rising adoption of shared mobility solutions. Ola, with its strong brand presence, extensive service network, and technological expertise, is well-positioned to capitalize on these trends and drive further growth.

Additionally, Ola's plans for an initial public offering (IPO) have generated significant excitement among investors. The IPO will not only provide an opportunity for existing investors to realize their gains but will also attract new investors who are eager to be part of Ola's growth story. The IPO is expected to generate substantial funds for Ola, which can be utilized to fuel expansion, invest in research and development, and explore new business opportunities.

Furthermore, the potential for Ola to diversify its services beyond ride-hailing presents another avenue for future growth. The company has already ventured into areas such as food delivery and electric vehicle rentals, indicating its willingness to explore new business verticals. By leveraging its existing infrastructure and customer base, Ola can potentially become a one-stop platform for various mobility and lifestyle services, thereby unlocking significant value for its shareholders.

When Can We Expect Ola IPO To Be Launched?

While an exact timeline for the Ola IPO has not been announced, speculations suggest that it could be launched in the near future. Ola's strong financial performance, coupled with the positive market sentiment towards the ride-hailing industry, makes it an attractive candidate for an IPO. However, the final decision will depend on various factors, including market conditions, regulatory approvals, and Ola's own strategic considerations.

In conclusion, the journey of Ola Share Price has been a testament to the company's ability to navigate the dynamic ride-hailing industry successfully. With its customer-centric approach, strategic expansion, and focus on innovation, Ola has managed to drive significant growth and capture the attention of investors. As the company prepares for its IPO and explores new growth opportunities, the future prospects for Ola Share Price look promising. Investors keen on being part of Ola's growth story should keep a close eye on the company's developments in the coming months.

[plugincaro]

How common man can benefit from EV Revolution in India? | Ola Electric IPO | Tesla for West... Ola for rest!

Ola Electric Mobility Pvt. is in line for an initial public offering sooner than its founder previously imagined, reflecting the Indian startup’s whirlwind pace of growth since it started selling electric scooters in late 2021. “I thought it would take me… Continue reading Untitled

[forcenewz]

70+ Upcoming Latest IPO 2023 List!

Are you finding the Upcoming Latest IPO 2023 List? We provide all details and Many unicorn companies listed. Bajaj energy, byju's, ola, oyo rooms, swiggy, SAMHI Hotels, Fincare Small Finance Bank, Go Airlines, and Utkarsh Small Finance Bank is the latest upcoming IPO. If you want to know more about the IPO list for 2023, visit our blog!

[martin-cambell]

Ola Electric’s Dynamic Duo: Raahi Autorickshaw and Roadster E-Bike Set to Electrify Urban Mobility!

Ola Electric, renowned for pioneering sustainable mobility solutions, is set to diversify its product lineup with the introduction of electric auto-rickshaws and e-bikes. Named Raahi, the autorickshaw and the Roadster e-bike are poised to revolutionize urban transportation.

Strategic Vision and Product Launch

Ola Electric’s expansion into electric autorickshaws and e-bikes underscores its commitment to providing eco-friendly commuting options. The imminent launch of Raahi and Roadster aligns with the company’s goal of catering to evolving commuter needs while establishing itself as a leader in electric mobility.

Innovative Offerings and IPO Preparation

With successful electric scooter models like Ola S1 Pro, S1X, S1X+, and S1 Air, Ola Electric has solidified its position in the electric vehicle sector. As it prepares for an IPO, the company aims to set new milestones with its upcoming launches. The introduction of electric auto-rickshaws and e-bikes further strengthens Ola Electric’s market presence and enhances its appeal to investors.

Strategic Moves and Financial Objectives

The unveiling of Raahi symbolizes Ola Electric’s strategic direction preceding its IPO. Diversifying its product portfolio and attracting investor interest are key objectives for the company. With plans to raise significant capital through its IPO, Ola Electric aims to fuel growth and expansion in the electric vehicle market.

Leadership and Market Disruption

Under the leadership of Bhavish Aggarwal, Ola Electric is poised to disrupt the electric vehicle landscape once again. Aggarwal’s innovative strategies and focus on competitive pricing and execution in the electric 3W domain signal a game-changing shift in urban transportation. Following its success in the electric 2W market, Ola Electric aims to replicate this achievement in the 3W segment.

As Ola Electric ventures into electric auto-rickshaws and e-bikes, it marks a significant milestone in its journey toward providing sustainable mobility solutions. With a strong leadership team, innovative offerings, and strategic market moves, Ola Electric is poised to capture a significant share of the burgeoning electric vehicle segment, driving positive change in urban transportation.

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[zebu-helan]

Companies With IPOs In September

The IPO market is experiencing remarkable growth in September. The upcoming IPOs for this month are listed below.

Keventer Agro

The business sells a wide variety of goods under numerous brands and classifications. They were a part of the value chain and offered more than 90 SKUs in the fresh, frozen, and ambient long-shelf-life product categories as of March 2021.

350 crore rupees in new shares and 1 crore shares from existing shareholders make up the Keventer Agro IPO.

Capital Small Finance Bank

The first small finance bank in India, Capital Small Finance Bank, was founded in 2016. It will rank among the top SBFs in terms of asset quality, cost of funds, retail deposits, and CASA deposits in March 2021.

A large book value spread across a variety of asset classes characterizes the Capital Small Finance Banks diverse portfolio. The bank has the highest secured loan rate among its rivals at 99 percent.

The first IPO has taken place.

Sresta Natural Bioproducts

The Hyderabad-based company sells packaged organic products.

Shares from current shareholders as well as new shares are included in the Sresta Natural Bioproducts IPO. To fulfil working capital requirements and pay off or repay some market debts, the company plans to sell fresh shares to raise Rs 50 crore.

Landmark Cars

An initial public offering (IPO) of Rs 762 crore, which will comprise both new shares and an offer to sell stock, is about to begin at the car dealership. The net proceeds from the sale of new shares worth Rs 150 crore will be put toward general company objectives and utilised to repay or settle any market liabilities.

Technologies Tracxn

By providing them with statistical data on their clients, Tracxn Technologies assists new enterprises in establishing effective customer service. Tracxn Technologies' IPO offer represents a complete sale of the company's existing stockholders.

Ola Cab

One of the largest app-driven cab services is provided by this business. It offers transportation assistance at 250 locations in India, New Zealand, the UK, and Australia. Customers can communicate with drivers of motorbikes, e-rickshaws, cabs, and taxis through the app-based service.

About Rs 1500 crore will be the estimated value of the IPO.

Elin Electronics

With a 12 percent market share in Fiscal 2021, the company is a key participant in the electronics manufacturing services (EMS) industry. Manufacturers of tiny kitchen appliances, fans, and lighting can acquire complete product solutions from Elin Electronics. They invented motors with a tenth of a horsepower as well.

Fresh shares of Rs 175 crore and OFS stocks are combined in the IPO.

Droom Technology

By utilizing technology and data science, they run a firm that makes it simpler to buy and sell cars online. The largest collection of automobiles available for purchase online can be found at Droom Technologies, the only business in India that provides a fully online transactional solution. On their platform, 1.15 million new and used cars, bikes, and other vehicles are posted.

Current shareholders may propose to sell their shares in the IPO, and there will also be new issuance of Rs 200 crore.

One Mobikwik System

One of the biggest businesses that provides "Buy Now, Pay Later" services is Mobikwik. Fintech is a significant component of the industry since it simplifies routine mobile transactions and allows individuals to "purchase now and pay later."

Both primary shares and an offer to sell are included in the public offering.

Skanray Technologies

They design, develop, produce, and market high-end equipment, and they are the best at making medical devices. The main issue consists of new shares worth Rs 400 crores and a share sale proposal from existing shareholders.

Gemini Edibles and Fats

The business produces, distributes, and sells edible oils and fats. One of the fastest growth rates in the market was experienced by Gemini Edibles. Under the brand name Freedom, they dominate the market for producing sunflower oil in the southern Indian states.

Ixigo

Booking travel, tickets, and hotels online is simple with Ixigo. By utilising advancements in data science, machine learning, and artificial intelligence, they assist travellers in making wise travel selections.

The company is now authorized to launch an IPO for Rs 1600 crore.

API Holdings

They are India's top healthcare provider by gross merchandise value (GMV) in the fiscal year 2021. From start to finish, API Holdings operates an integrated operation. This enables them to provide services to all parties involved in the healthcare value chain.

Emcure Pharmaceutical

One of the largest pharmaceutical firms in India is the business. In a number of significant therapeutic areas, it develops, produces, and sells medicines globally.

Final remarks

IPOs can be a fantastic investment option that allow investors to diversify their portfolios. However, you need to complete your study and investigation before investing in a new business. If you are familiar with the firm and understand its worth, only invest in an initial public offering (IPO). Investing in an IPO might be dangerous without doing your research.

You can invest in September 2022 initial public offerings (IPOs) with Zebu. Create a free Demat account.

[technomoz]

Ola plans IPO in first-half of 2022, prepares 'super app'

Ola plans IPO in first-half of 2022, prepares ‘super app’

India’s passenger reservation services company Ola plans to go public in the first half of 2022, Chief Executive Officer Bhavish Agarwal said Thursday, undeterred by recent volatility and the lackluster listing of some startups in the country. Speaking at the upcoming Reuters conference, Agarwal said Ola, backed by Japan’s SoftBank Group, is also preparing to create a semblance of a “super app”…

[swedna]

For every 100 people in India, there are only three credit cards. A comparable penetration figure for the US is 320.

Statisticslike these suggest that India’s first initial public offering of a credit card issuer is either an opportunity with boundless prospects — or a victim of arrested development. Which is it?

The upcoming sale of shares in SBI Cards and Payment Services Ltd. will give investors a chance to find out. Between them, the controlling shareholder, State Bank of India, and its 26 per cent partner, Carlyle Group, plan to sell up to 130.5 million shares. Throw in a simultaneous offer of new shares, and it could be a 96 billion rupee ($1.3 billion) IPO, India’s biggest in the current financial year, according to local media reports.

Business is booming at the country’s second-largest card issuer. After Carlyle arrived in 2017 to replace GE Capital in the two-decade-old venture, earnings were 7.4 rupees a share in the year through March 2018. The most recent six-monthly profit topped that figure. Younger millennials and Generation Z — those born after 2000 — are driving this growth. In India’s fiscal year ended in March 2016, barely 2 per cent of credit card transactions were originated by people below 25 years of age. That number has jumped to 10 per cent. Add the 26-30 age group, and the youth share of plastic is 35 per cent, beating people over 40 by as much as eight percentage points.

Yet only about 5 per cent of Indians’ consumption per capita takes place through credit cards. After growing 12 per cent annually over four years, average spending per card is stalling. While a slowdown is only to be expected given a sharp decline in economic momentum, the reason has more to do with the merchant than the spender.

E-commerce, which is increasingly the most obvious use of a credit card, will account for barely 7 per cent of India’s $1.2 trillion-a-year retail industry by 2021, according to Deloitte Consulting. Another 18 per cent will go to malls, department stores and other forms of organized retail. But three-quarters of the market will remain with mom-and-pop stores. An average shop can hope to receive $775 in monthly business from cardholders. Card issuers would garner revenue of $11 of that, but the bank that acquired the merchant and fitted it up would receive just $1.50 a month. It’s simply not worth anyone’s while to expand the business into smaller towns dominated by small shops.

Increasingly ubiquitous smartphones are far more suitable for payment authentication in a low-middle-income country than credit cards. Google Pay and Walmart’s PhonePe are leading people-to-people mobile payments in India, using the so-called unified payments interface, a system linking India’s banks. The same system will also drive people-to-merchant payments. Credit will just be an added layer. Banks will compete for whoever can bring them a lot of customers.

India’s richest man, Mukesh Ambani, has 355 million customers for his 4G mobile network, Jio. Unsurprisingly, the oil-to-telecom tycoon wants to connect 30 million small retailers with common inventory-management, billing and tax platforms as well as low-cost payment terminals. He won’t be alone. Even in Indian e-commerce, Walmart Inc.’s Flipkart Online Services Pvt is promoting “cardless” credit, where the financing comes from banks and nonbank lenders. During the recent local holiday sale season, three out of four Amazon.com Inc. customers who availed themselves of credit to make purchases came from Tier 2 and 3 cities, where card penetration is low; every second buyer who borrowed to buy something did so for the first time.

The parent State Bank’s opportunity in unsecured retail loans will be far larger than that of its IPO-bound cards unit. India’s largest commercial bank will make its low-cost deposits available to Ambani, Walmart and other digital commerce hopefuls who might be looking to sweeten their proposition to customers with a dollop of credit. That should still leave plenty of headroom for SBI Cards to grow. Its 18 per cent market share means the company will remain a sought-after choice for co-branded partnerships, such as with Indian Railways and ride-hailing app Ola.

Carlyle’s partial exit would value the US buyout firm’s 26 per cent stake at about seven times what it paid in 2017, according to Reuters. That’s a neat pile to make from plastic in such a short time, and in a country where it hasn’t really taken off. IPO investors will be content with a lot less.

[freddiemark]

Invest in Ola Unlisted Shares | Ola Share/Stock Price |

Ola is a ride-hailing company that operates in India and other countries. It is one of the largest ride-hailing companies in the world and has a strong brand name. Ola is also a leader in the adoption of electric vehicles. The company is well-positioned to benefit from the growth of the ride-hailing market and the shift to electric vehicles.

Here are some of the factors that make Ola a good investment option:

Strong financial performance: Ola has been profitable for many years and has a healthy balance sheet.

Growth potential: Ola has significant growth potential. The ride-hailing market is growing rapidly and Ola is well-positioned to capture a large share of this growth. Ola is also well-positioned to benefit from the shift to electric vehicles.

Competitive advantage: Ola has a competitive advantage in the form of its strong brand name and its leadership position in the adoption of electric vehicles.

However, it is important to note that investing in Ola shares is a risky proposition. There is no guarantee that the company will continue to perform well in the future. Investors should carefully evaluate the risks and potential rewards before investing in Ola shares.

Here are some of the risks associated with investing in Ola shares:

Competition: Ola faces competition from other ride-hailing companies, such as Uber.

Regulation: Ola is subject to regulation by governments around the world. This regulation could impact the company's business and financial performance.

Technology risk: Ola is a technology company and is subject to the risks associated with technology, such as cybersecurity and data breaches.

Investors should carefully consider these risks before investing in Ola Unlisted shares.

Here are some of the factors that could drive Ola share price up in the future:

Continued growth of the ride-hailing market.

Increased adoption of electric vehicles.

Expansion into new markets.

Successful execution of its growth strategy.

Here are some of the factors that could drive Ola share price down in the future:

Slowing growth of the ride-hailing market.

Decreased adoption of electric vehicles.

Competition from other ride-hailing companies.

Failure to execute its growth strategy.

Investors should carefully consider these factors before investing in Ola Unlisted shares.

[un-enfant-immature]

Uber is reportedly close to making a tactical exit from India’s food delivery industry

Uber has said adamantly that it won’t exit India (or any more markets) following a hattrick of retreats from China, Russia and Southeast Asia, but does that include its food delivery business?

The answer could well be yes. If media reports are right, Uber is on the cusp of a tactical exit from India’s food delivery industry.

India’s Economic Times is reporting that Uber is in the final stages of a deal that would see Swiggy, the food delivery service that recently raised $1 billion and expanded to general deliveries, eat up Uber Eats in India in exchange for giving the U.S. ride-hailing firm a 10 percent share of its business. Swiggy was most recently said to be valued at $3.3 billion following that billion-dollar round, which was led by Naspers and added Tencent to its cap table.

Uber Eats is touted as a major revenue generator for the company, The Information previously reported that it grossed $1.5 billion in sales in the first quarter of 2018 alone, and the company has pushed expansion hard in Asia. Uber Eats landed in India nearly two years ago but it finds itself in the middle of a dogfight between Swiggy, which raised capital three times last year, and Zomato, which is backed by Alibaba.

Already, the battle has taken its toll on peripheral players that include FoodPanda, the service acquired by Uber rival Ola in late 2017. Ola is reported to have slashed costs at FoodPanda and shift the focus to a more sustainable cloud kitchen strategy. Yet Zomato and Swiggy continue to be aggressive.

Based on that backdrop, and Uber’s upcoming IPO, it would make sense to consolidate costs and yet retain a stake in the market. Uber did exactly that through its exit deal with Grab in Southeast Asia, which saw it hand over its transport and food delivery businesses in exchange for a 27.5 percent stake in Grab. That deal, which I argued was a win not a loss for Uber, got the company out of an expensive subsidies war and gave it a stake in a growing business. It could well be a recipe that Uber repeats for India’s food delivery space.

[iporesearch]

OLA Planning to go Listed by IPO route in India

OLA Planning to go Listed by IPO route in India

Online app & ride hailing giant OLA is planning for to come out with an Initial public offering (IPO) within next 1.5 – 2 years in India on NSE and BSE. Ola Cabs founder and CEO has also previously told business line that though they are planning for IPO, the details of the IPO have not been decided yet.

The IPO will also be an opportunity for selling and exiting investors like Softbank with…

[toomanysinks]

Uber is reportedly close to making a tactical exit from India’s food delivery industry

Uber has said adamantly that it won’t exit India (or any more markets) following a hattrick of retreats from China, Russia and Southeast Asia, but does that include its food delivery business?

The answer could well be yes. If media reports are right, Uber is on the cusp of a tactical exit from India’s food delivery industry.

India’s Economic Times is reporting that Uber is in the final stages of a deal that would see Swiggy, the food delivery service that recently raised $1 billion and expanded to general deliveries, eat up Uber Eats in India in exchange for giving the U.S. ride-hailing firm a 10 percent share of its business. Swiggy was most recently said to be valued at $3.3 billion following that billion-dollar round, which was led by Naspers including new backers Tencent and Uber investor Coatue.

Uber Eats is touted as a major revenue generator for the company, The Information previously reported that it grossed $1.5 billion in sales in the first quarter of 2018 alone, and the company has pushed expansion hard in Asia. Uber Eats landed in India nearly two years ago but it finds itself in the middle of a dogfight between Swiggy, which raised capital three times last year, and Zomato, which is backed by Alibaba.

Already, the battle has taken its toll on peripheral players that include FoodPanda, the service acquired by Uber rival Ola in late 2017. Ola is reported to have slashed costs at FoodPanda and shift the focus to a more sustainable cloud kitchen strategy. Yet Zomato and Swiggy continue to be aggressive.

Based on that backdrop, and Uber’s upcoming IPO, it would make sense to consolidate costs and yet retain a stake in the market. Uber did exactly that through its exit deal with Grab in Southeast Asia, which saw it hand over its transport and food delivery businesses in exchange for a 27.5 percent stake in Grab .

That deal, which I argued was a win not a loss for Uber, got the company out of an expensive subsidies war and gave it a stake in a growing business. It could well be a recipe that Uber repeats for India’s food delivery space.

Note: The original version of this article was updated to note that Coatue is an investor in both Uber and Swiggy.

source https://techcrunch.com/2019/02/21/uber-eats-swiggy/

[fmservers]

Uber is reportedly close to making a tactical exit from India’s food delivery industry

Uber has said adamantly that it won’t exit India (or any more markets) following a hattrick of retreats from China, Russia and Southeast Asia, but does that include its food delivery business?

The answer could well be yes. If media reports are right, Uber is on the cusp of a tactical exit from India’s food delivery industry.

India’s Economic Times is reporting that Uber is in the final stages of a deal that would see Swiggy, the food delivery service that recently raised $1 billion and expanded to general deliveries, eat up Uber Eats in India in exchange for giving the U.S. ride-hailing firm a 10 percent share of its business. Swiggy was most recently said to be valued at $3.3 billion following that billion-dollar round, which was led by Naspers and added Tencent to its cap table.

Uber Eats is touted as a major revenue generator for the company, The Information previously reported that it grossed $1.5 billion in sales in the first quarter of 2018 alone, and the company has pushed expansion hard in Asia. Uber Eats landed in India nearly two years ago but it finds itself in the middle of a dogfight between Swiggy, which raised capital three times last year, and Zomato, which is backed by Alibaba.

Already, the battle has taken its toll on peripheral players that include FoodPanda, the service acquired by Uber rival Ola in late 2017. Ola is reported to have slashed costs at FoodPanda and shift the focus to a more sustainable cloud kitchen strategy. Yet Zomato and Swiggy continue to be aggressive.

Based on that backdrop, and Uber’s upcoming IPO, it would make sense to consolidate costs and yet retain a stake in the market. Uber did exactly that through its exit deal with Grab in Southeast Asia, which saw it hand over its transport and food delivery businesses in exchange for a 27.5 percent stake in Grab. That deal, which I argued was a win not a loss for Uber, got the company out of an expensive subsidies war and gave it a stake in a growing business. It could well be a recipe that Uber repeats for India’s food delivery space.

Via Jon Russell https://techcrunch.com

[williamsjoan]

Ola, Uber’s India rival, invests $100M in scooter rental startup Vogo

We’re familiar with Uber cozying up to scooter startups — it has bought one and invested in another — but over in India, the U.S. firm’s key rival is hatching a major alliance of its own it invested $100 million in scooter rental startup Vogo.

Ola first invested back in August when Vogo raised an undisclosed Series A round from Ola, Matrix Partners and other investors, but now Ola is doubling down with this follow-on deal. It isn’t saying how much equity it has captured with this investment, nor the valuation that it gives Vogo but you can well imagine it is high for a company that has only just done its Series A.

As you’d expect, this is a strategic investment and it’ll mean that Vogo scooters will appear within the Ola app, from where they can be booked by the company’s 150 million registered users, “soon.” Bangalore and Hyderabad are the two cities where Vogo operates, but you’d imagine that it will lean on Ola to expand into other parts of tier-one India where Ola already has a strong presence.

Ola’s money is going directly into supply, with Vogo planning to buy 100,000 more scooters for its platform. The company’s scooters, for those who don’t know them, are unlocked using a one-time password generated from the company’s Android app. Scooters are either dropped off at a designated station, or the rider specifies that they are taking a round trip and then returns it to the station where they started.

Ola CEO and co-founder Bhavish Aggarwal — pictured in the top image alongside Vogo CEO and founder Anand Ayyadurai — said he hopes that the deal and integration will improve last-mile transportation options across India.

A selection of screen captures from the Vogo Android app

“Our investment in Vogo will help build a smart multi-modal network for first-last mile connectivity in the country. Vogo’s automated scooter-sharing platform, backed by Ola’s expertise in this space can help transform our cities. Together, we are thrilled to be at the forefront of India’s rapidly growing micro-mobility market,” he said in a prepared statement.

Ola previously invested in its own bike rental service last year, although that category has struggled in India as Chinese imports like Ofo have fled the country after struggling to develop a sustainable business in the country, and others outside of China. Ola and also Uber have offered motorbike taxis in India since 2016, but scooters offer a more individual approach.

Uber, for its part, doesn’t offer scooters in India at this point. But with India its second-largest market — it has reportedly crossed $1.6 billion in annualized bookings — you’d imagine that it is near the top of the company’s thoughts… although there is the business of that upcoming U.S. IPO to deal with.

Ola, Uber’s India rival, invests $100M in scooter rental startup Vogo published first on https://timloewe.tumblr.com/

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We’re familiar with Uber cozying up to scooter startups — it has bought one and invested in another — but over in India, the U.S. firm’s key rival is hatching a major alliance of its own it invested $100 million in scooter rental startup Vogo.

Ola first invested back in August when Vogo raised an undisclosed Series A round from Ola, Matrix Partners and other investors, but now Ola is doubling down with this follow-on deal. It isn’t saying how much equity it has captured with this investment, nor the valuation that it gives Vogo but you can well imagine it is high for a company that has only just done its Series A.

As you’d expect, this is a strategic investment and it’ll mean that Vogo scooters will appear within the Ola app, from where they can be booked by the company’s 150 million registered users, “soon.” Bangalore and Hyderabad are the two cities where Vogo operates, but you’d imagine that it will lean on Ola to expand into other parts of tier-one India where Ola already has a strong presence.

Ola’s money is going directly into supply, with Vogo planning to buy 100,000 more scooters for its platform. The company’s scooters, for those who don’t know them, are unlocked using a one-time password generated from the company’s Android app. Scooters are either dropped off at a designated station, or the rider specifies that they are taking a round trip and then returns it to the station where they started.

Ola CEO and co-founder Bhavish Aggarwal — pictured in the top image alongside Vogo CEO and founder Anand Ayyadurai — said he hopes that the deal and integration will improve last-mile transportation options across India.

A selection of screen captures from the Vogo Android app

“Our investment in Vogo will help build a smart multi-modal network for first-last mile connectivity in the country. Vogo’s automated scooter-sharing platform, backed by Ola’s expertise in this space can help transform our cities. Together, we are thrilled to be at the forefront of India’s rapidly growing micro-mobility market,” he said in a prepared statement.

Ola previously invested in its own bike rental service last year, although that category has struggled in India as Chinese imports like Ofo have fled the country after struggling to develop a sustainable business in the country, and others outside of China. Ola and also Uber have offered motorbike taxis in India since 2016, but scooters offer a more individual approach.

Uber, for its part, doesn’t offer scooters in India at this point. But with India its second-largest market — it has reportedly crossed $1.6 billion in annualized bookings — you’d imagine that it is near the top of the company’s thoughts… although there is the business of that upcoming U.S. IPO to deal with.

via TechCrunch