Are you curious to know something? Well, it is always full of fun in knowing about new things. So in this article, I would tell you the facts about Ola which you have never heard off. Today Ola has created a benchmark for other startup industries. An Indian company reaching the peak of success is far more than appreciable. How an off trip company providing only the weekend trips become the most valuable startup industry itself creates curiosity in the mind of people to know about it. Today it is the third most valuable startup industry after Flipkart and Amazon. Started in a small room, it has now expanded its connectivity across India.
They are associated with many commuter services such as auto, rickshaws, etc. They have introduced Ola auto services for the sake of convenience for the customers.Their aim is to provide better quality cabs to their clients so that they could have a good experience with it.It is absorbing to know that two IITians started this startup industry.Their efforts and firm determination made Ola the most valuable startup industry. The Ola connectivity has now expanded to 102 cities across India. Today Ola has 1million bookings per day.In its initial stages it faces many difficulties, but today we can see it’s success.Its name is enough to specify it’s success.The CE0 of Ola Bhavish is even trying to expand the network across the world.It has attracted a large number of customers by introducing new offers such as Ola wallet, Ola money.
Some of the hidden facts about Ola Company or Amazing facts you’ve never known about Ola Cab Company
1: Services Provided Initially
It was started by two IITians Bhavish Aggarwal and Ankit Bhati.They originally started as an off trip company which would provide weekend trips to the customers.
2: Place of Providing Services
The company began in a 10*12 feet room in Mumbai.But now it has grown to a significant network across India.
3: Early-On Struggle
While travelling from Bangalore to Bandipur Bhavish rented a car which resulted in a bad experience.The driver demanded renegotiation of what he was paying.Refusing the deal the driver abandon him and en route from his destination. It made him think that his problem is similar to the customers who were looking or better quality cabs.But initially, he faced many problems.His parents disagreed the idea. In the starting stage, Bhavish used to take the photographs of the driver and using this approach he used to drive the car.His co-founder Ankit Bhati used to code for 48 hours. Instead of renting the cars he made the partnership with taxi industries and added a modern technology by adding an Ola app to it.
4: Owning A Cab
Although they have provided better quality cabs to the customers, the CEO still don’t own a car.It was the pledge made by him along with his wife. Bhavish, chief executive officer of Ola is a big fan of iPhone and currently, owns iphone6 and an iPhone tablet.
Ola’s original logo was like this: ~ it consists of alphabets inscribed in small letters, where Ola and cabs were written in blue text. Below this slogan, they mentioned ‘book cabs and Car Rentals Online!
6: Details about cabs
Ola has a massive network of 450000 cars which is so large that when arranged in a single line it will cover the distance from Kashmir to Kanyakumari.Today Ola has 750000 rides per day.Ola has 80% share of the India ride-sharing market.Average distance covered by Ola is 45 million km per day.Ola has started a new low-cost service which is in rival to the Uber’s low-cost service which is nothing but Ola micro.Ola micro is far much better than ola mini.It costs less than Ola Mini. The fare is Rs80 for first 4km and then Rs10 for subsequent for 1km.
7: Names of drivers
In Ola industry, the most common names of the drivers are Ramesh and Suresh.Survey reports state that the name Ramesh comes (approx)3079 times and Suresh comes (approx) 2016 times.
8: Religious policies
They never ask about the religion and caste of the drivers. According to the documents the customers don’t have the right to ask about the caste and religion of the driver.
9: Service provided by Ola drivers
In a day, the total distance covered by all the vehicles on the Ola software is nearly 43, 40, 717 km. Even the distance covered by the Earth to complete an orbit around the moon is only 43, 40, 71 km or even less.The distance is ten times the distance between Earth and the Moon.Ola provides a low cost service with the introduction of Ola micro to it’s customers.
10: Unicorn Club
This association has entered the Unicorn club in a quicker manner.
So, you have read comprehensive information all about Ola Cabs and understood the hardships that they have undergone to become a giant leader in the market.
How Ola raised their self?
The Ola company started in a small room by Bhavish Aggarwal, and Ankit Bhati has now become the most valuable industry in the cab industries.
Launched in December 2011 with operations only in Mumbai it has now spread across 102 cities in India.
They have mentioned detailed information about 3, 50,000 cars in India with rigorous efforts.
Every year, the revenue of this firm is astoundingly increasing. This year, they earned almost 30 times, then the last year by extending their network to other cities in India.
Even tycoons such as Ratan Tata are eager to acquire a stake in this organisation.
In 2015, they bought TaxiForSure for $200 million and were expanding their network. They have also merged with Geotag that is known as a firm providing consultation services about trip-planning.
This organisation states that they receive almost 1 million orders in a day.
They were initially funded by two Angel investors as they understood that their concept of providing transport service to the customers was different from the other service providers.
Now the talks are going on with U.S.A to support funding.
It’s growing connectivity has attracted Japan’s richest man Masoyoshi who had announced an investment of $210 million in the cab industry.
The company now focuses on growth rather than profits.