By Meghna Sharma Ola Consumer Private Limited is an Indian mobility platform and ride hailing company, headquartered in Bangalore, Karnataka, India. It connects millions of riders with drivers through a mobile application and has also expanded to other business verticals. Ola’s core service is app-based booking for cabs, auto rickshaws, motorcycles, rentals and outstation trips. Other offerings by the company include electric two-wheelers, cloud kitchens and food delivery, fleet management and leasing for drivers and financial services like micro insurance and credit payments.
| Details | Info |
| Founded | 2011 |
| Founder | Bhavish Aggarwal and Ankit Bhati |
| Headquarters | Bangalore, Karnataka, India |
| CEO | Bhavish Aggarwal |
| Sector | Transportation |
Company Profile
Ola was launched in January 2011 by Bhavish Aggarwal and Ankit Bhati. It initially offered cab bookings through a website and call centre, with a focus on budget taxis and auto-rickshaws. By the year 2013, Ola was operating in five major Indian cities, offering bookings through a mobile application.
Ola had captured around 60% of taxi-hailing market in India and expanded to over 100 cities across India by 2014. In the year 2017, the company entered the food delivery business by acquiring Foodpanda India and ventured into electric vehicle manufacturing by establishing its subsidiary, Ola Electric. In the year 2021, Ola Electric launched Ola S1 Scooter Series.
Ola is India’s largest mobility platform and one of the leading ride-hailing companies in the world. It operates in more than 250 cities across India, with over 55 crore ride bookings annually. Ola’s EV division hold around 20% share in India’s electric two-wheeler market. The company’s two-wheeler EV manufacturing plant has an annual capacity of over 10 million units.
Origin Country
Ola has its origins in India and its operations are primarily based in India. However, the company also operates in seven Australian cities and is also present in New Zealand and United Kingdom.
Market Cap
Ola Consumer Private Limited is not a publicly-traded company, hence it does not have a market capitalisation. However, its subsidiary, Ola Electric Mobility Limited, is a publicly listed company. Market capitalisation of Ola Electric, as of October 2025, is Rs. 23,523 crore.