Ola Ride-Sharing is blocked by taxi aggregator Ola at night between 11 pm and 6 am due to the safety of the passengers and the driver’s earnings.
Commuters will not be able to use ola ride-sharing to work through taxi aggregators ola.
Ola cabs :
Ola Cabs is an Indian origin online transportation network company developed by ANI Technologies Pvt. Ltd. As of December 2018, Ola was valued at about $5.7 billion. A variety of venture capitalists including Softbank have large stakes in the company.
Ola Cabs was founded on 3 December 2010 as an online cab aggregator in Mumbai and is now based in Bengaluru. As of 2018, the company has expanded to a network of more than 10,00,000 vehicles across 169 cities.
In November 2014, Ola diversified to incorporate auto-rickshaws on a trial basis in Bangalore. After the trial phase, Ola Auto expanded to other cities like Delhi, Pune, Chennai and Hyderabad starting in December 2014.
In January 2018, Ola extended into its first overseas market to Australia and New Zealand in September 2018. In March of 2019, Ola began its UK operations introducing Auto Rickshaws in UK.
The Ola Cab story:
While trying to keep his holiday and tour planning business afloat, Bhavish had to travel from Bengaluru to Bandipur, for which he rented out a car, which ended in a very bad experience.
The driver stopped the car in the middle of the journey and demanded a renegotiation of what Bhavish was paying. After being refused, he proceeded to abandon him enroute his destination.
This is when he realized how his plight was probably similar to a lot of customers across the country who were looking for a quality cab service, but ended up with a one that stood them up, arrived and dropped them off late, didn’t stick to their promises, and came with drivers that were nightmares behind wheels.
This made him see the potential that an extraordinary cab booking service could have, and hence, he changed his business from his earlier start-up to the one we today know as – Ola Cabs. This was in December 2010, where he was joined by his co-founder Ankit Bhati in his start-up journey.
His parents didn’t agree with his idea in the beginning of course, like all parents. They were thoroughly displeased with his decision to become a ‘travel agent’, but when Ola Cabs received it’s first round of funding from two angel investors, they started to believe in the change he was planning to bring.
Ola Founders :
Bhavish Aggarwal- is the ola co-founder and Chief-executive-officer who graduated from IIT Bombay with a B. Tech in Computer Science in the year 2008. Bhavish has worked for Microsoft research, Bengaluru for two years right after college. There, he passed two years with filing 2 patents and 3 research publishing in international journals.
While trying to chase his dream of entrepreneurship, he started an online company to sell short duration tours and holidays online before changing that into Ola Cabs.
Ankit Bhati heads the technical aspects of Ola cabs, ensuring a quick, convenient and instinctive experience for customers and partners. He joined IIT Bombay in 2004 for B.tech in Mechanical Engg and M.Tech in CAD and Automation.
By 2009 he had already worked on several freelance projects and startups like Wilcom, QED42 etc. and finally decided to give up his nomadic professional life for a start-up of his own. He joined the Olacabs journey in November 2010.
Bengaluru – largest market – Ola ride-sharing :
Bengaluru, where Ola is headquartered, is also its single largest market in the country. The city is estimated to have 120,000 cabs, out of which around 65,000 operate on the Uber and Ola platforms interchangeably, state authorities and experts said.
This isn’t the first run-in for a ride hailing firm with the Karnataka authorities.
Recently, Ola and other cab aggregators which operate bike taxis have been facing the heat from the Transport Department. In February, transport officials seized close to 500 such bike taxis for operating illegally.
Ola Ride-sharing :
Thousands of commuters rely on ride-sharing to get to places as it is affordable. But nobody knows whether it remains permanent. The facility was stopped earlier this week.
The passengers pay 30% to 60% less by sharing the cab with others travelling on the same route.
According to Ola the ride-sharing block was taken to balance the value for money and viability for customers and drivers partners.
Ola ride sharing was stopped in Chennai two weeks ago and Ola is planning to do the same in other cities eventually.
POOL and Share have also been opposed by drivers’ unions in Karnataka as they complained that it has brought down incentives of drivers, as customers are charged less when they hail a shared ride.
Road space – ola ride sharing :
The ola ride sharing was well appreciated for its role in reducing congestion by carrying more people in less vehicles. The decision was a disappointing news for a lot of people who work late in the night.
According to Ola officials the decision was taken keeping in mind the safety of the passengers and co-passengers. Recently some complaints about drunken passengers sharing the ride with others creating problem was brought to the notice.
Ola talked about “ease of use”, “lower prices”, and “decongesting cities”, they do not take responsibility for the passenger’s safety. The companies do guarantee passenger safety even after the rider has boarded the cab.
In a country where fake identity proofs are so common, allowing strangers to share rides can be risky.
Ola cab ban :
Recently Ola was banned. Ola cabs ban was Implemented in Bengaluru for 6 months but was revoked later after penalising. The Karnataka Transport Department on 22nd March 2019 suspended the licence of online cab operator Ola for 6 months in Bengaluru.
This ban came in the wake of ola running its bike taxis while possessing a licence only to run four wheelers.
Ola had a great start to the year – funding, getting the likes of Flipkart Co-founder Sachin Bansal on its board, but it’s legal issues just doesn’t seem to end.
Sanchin Bansal – Investment in Ola :
Bansal has taken up 70588 fully & compulsorily cumulative series J preference shares. The face value of the share is Rs.10 at a premium of Rs.21240 per share.
Ola has raised Rs.520 crore from existing investor Steadview Capital. Sanchin Bansal is also setup up a $1 billion fund, has invested in ola cabs in his individual capacity.
This investment is to be one of the biggest of Sachin Bansal. The investment comes at a time when ola is competing with the global rival Uber in India.
Ola ride-sharing pass :
Share Pass offers the convenience of hassle free daily commute on Ola Share rides with its fixed fares. Share Pass is automatically applied to all Ola Share rides that one takes in Bengaluru city for which the commuter have purchased the pass, provided that the pass fare is lower than the Share fare.
Conclusion – ola ride-sharing :
Incidents of rape and molestation have never stopped doing the rounds with cab-hailing companies. “Women safety can’t be jeopardized”.
According to a ola ride sharing commuter “OLA RIDE SHARING FOR YOU IS CHEAP, HORRIBLE, UNRELIABLE BUT YES COMES AFFORDABLE IF YOU HAVE PLENTY OF TIME TO SPEND IN OLA CAB AND HAS NO VALUE TO YOUR TIME WITH NO ONE SICK WITH YOU, You are welcome to take the ride but if your time has value and you have sick people with you then never ever do it”.