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Ola Cabs Startup Story: Ola Cabs was started in 2010 by Bhavish Aggarwal and Ankit Bhati. Bhavish once faced the misbehavior of a cab driver during a long distance journey and from here he got the idea of starting a reliable cab service. He quit his job and laid the foundation of this startup and gradually Ola became the largest cab service in India.
How Ola changed people’s lives
Ola made the travel of Indians very easy. Earlier people had trouble finding an auto or taxi, but Ola provided this facility through mobile app that anyone could book their cab in just a few clicks. Ola extended its service not only to cities but also to small towns, making people’s journey comfortable.
How Ola’s business grew
Initially, Ola was providing its services only in metro cities, but later it expanded to small cities. The company added categories like Mini Micro Prime and Share to its fleet so that all types of customers can book cabs according to their needs. After the addition of services like Ola Auto and Ola Bike, it became useful for every section.
How does Ola earn money
Ola’s business model is very interesting. The company earns its income mainly in three ways – commission from drivers, fare from customers and partnership with various companies. Apart from fare, Ola also launched a digital wallet called Ola Money, which made payment easier and gave additional profit to the company.
Ola’s future and new plans
Ola is no longer just a cab service but has become a big mobility company. The company has also entered the field of electric vehicles and launched its own electric scooter through Ola Electric. In the coming time, Ola is planning to further expand its services in India and other countries so that people can travel more conveniently.
