Ola IPO coming soon ?

ANI Technologies Private Limited also referred to commonly as ‘Ola’, together with subsidiaries is a leading technology service provider in the emerging cab hailing market, established with the mission of providing mobility to millions of Indians. Based in Bengaluru, Karnataka, ANI is one of the leading countries providing internet and mobile technology platforms for cab hailing by commuters.


Ola is today, one of world’s largest ride hailing companies with its imprint spread across 250+ cities across multiple countries India, Australia, New Zealand & the UK.


Ola offers a wide range of ride sharing options through taxis, bikes and autos. The Ola app connects clients to drivers driving a variety of vehicles, including motorcycles, auto-rickshaws, metered taxis and cabs enabling hundreds of millions of customers and over 1.5 million drivers and partners to enjoy convenience and transparency. Ola earns the majority of revenue as commission income & convenience fees which it charges from the drivers who onboard on the ola platforms. In F.Y21, over 1.5 Mn drivers. Ola has set up its R&D centers in the United Kingdom (U.K). The center is operated by technical and engineering teams with product application and development expertise. Ola Electric has also announced another R&D facility for a sum of 100 Mn$ in the UK.


OLA Cabs Business Model:


Ola has diversified its business model into 6 segments:


  1. Ola Fleet Technologies Private Limited: Ola Fleet Technologies is in the business of providing cars primarily on operating leases.


  1. Pisces eServices Private Limited: Also known as FoodPanda, it is an aggregator of restaurants and customers on an e-commerce platform and also provides other related services in India.


  1. Ola Financial Services Private Limited: OFS have been authorized by the Reserve Bank of India for issuing and operating a semi-closed prepaid payment system under the Payments and Settlement act 2007. OFS is providing a technology platform that ensures cashless, hassle free, safe and secure payments.


  1. Ola Electric Mobility Private Limited: OEM is engaged in the business of providing services across electric vehicles value chain by building infrastructure for facilitating the electric vehicle ecosystem and is also involved in providing a platform for technological services in the physical and electronic format to facilitate transaction between businesses, individual consumers and businesses and consumers.


  1. Ola Skilling Private Limited: Ola Skilling is engaged in the business with focus areas that will span the entire driver training value chain which will help inculcate overall value development in drivers. It helps create training infrastructure, mobilize drivers, create and deliver training content, programs and educate drivers.


  1. Ola Singapore Private Limited: Ola Singapore is a wholly- owned subsidiary of the company. OIa Singapore is formed in the nature of a holding company that under its subsidiaries provides cab services.


Ola Shares IPO:


Ola had announced its decision to launch Ola IPO in 2022 but it further delayed its plans due to the funding winter affecting start-up funding at large as well as the return of pandemic. Ola is expected to list itself in 2023.


Ola Cabs Share Price: 

Ola Share Price isn’t available since Ola isn’t listed on neither the National Stock Exchange (NSE) nor Bombay Stock Exchange (BSE), hence it doesn’t have a share price available for trading.


Ola Unlisted Share:


Ola Unlisted Shares are available on Planify site. Investors have a golden opportunity to gain by investing in unlisted shares of Ola and earn exponential returns in future. It will provide investors with a chance to become an integral part of the growth journey of the company.


Ola Pre-IPO Shares: 


Ola Pre-IPO shares are available on Planify for Rs. 22,635/- per share. Investors can gain first mover advantage by investing in Ola Pre-IPO shares and gain exponential returns.


Ola Cabs Merger and Acquisition: 


Merger: 


Bird Eye System Private Limited develops intelligent traffic monitoring solutions. The company’s products enable users to see real time traffic conditions via the web or mobile devices.


Acquisition:


  • Pisces eServices Private Limited: Commonly known as FoodPanda, it provides online delivery services of food items from a variety of restaurants.


  • Ridlr: Ridlr is a public transport ticketing and commuting app that’s apt for daily intra-city travel needs.


Investments:


Vogo Automotive Private Limited (Vogo): Ola has a 14.29% investment stake in the company in Vogo Automotive Private Limited (Vogo) which is engaged in the business of plying vehicles on hire and self drive modes.


Ola Cabs Products and Services:


Ola Drive: The service caters to the car rental demand of the customer by providing vehicles on a rental basis. The company provides pickup facilities along with insurance covers.


Ola Fleet: Ola Fleet consists of numerous ride hailing options, ranging from bikes, cars and 3 wheelers. The ride hailing facilities provide travel options for both Intra city as well as Inter city.


Ola Money: Ola has its own Mobile Wallets- Ola Money, that allows the deduction of ride charging directly from Ola Money account on availing Ola Services.


Ola Foods: Through Ola Foods, Ola caters to the food delivery markets.

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