How does Ola money make money?

Revenue Streams of Ola: Ola works on a commission basis they take the commission from the total fare of the trip which ranges from about 15-20\% depending on the type of vehicle and the region. Apart from this Ola also provide incentives to drivers as per their driving hours, their year of joining, and ratings.

Is Ola profitable company?

Ola Cabs reported its first-ever operating profit in the year ended 31 March even as revenue growth slowed in a covid-hit year, according to the IPO-bound company’s filings with the ministry of corporate affairs.

What is the benefit of Ola money?

Your Ola Money wallet gets credited with Rs. 500 instantly. Additionally, you get flat Rs. 60 cashback on 10 Micro, Mini and Prime rides, making the total benefit Rs.

How can I convert Ola money to cash?

Make sure your OLA wallet is KYC updated otherwise please update KYC first and then try to transfer money to bank account.

1. Download OLA money application for Android | IOS,
2. Select withdrawal option,
3. Fill account details with IFSC code,
4. Fill amount you want to transfer,
5. Submit to next step,
6. FIll OTP & Transfer.

Who funded Ola?

Owned by ANI Technologies Pvt. Ltd. and formerly known as OlaCabs, Ola was launched in December 2010 by two IIT Bombay graduates. Ola bridges the gap between cab owners and commuters….OLA – Company Highlights.

Is Ola a successful startup?

The first Indian cab aggregator company, Ola has made availing of cab services a smooth experience. Owned by ANI Technologies Pvt. Ltd. and formerly known as OlaCabs, Ola was launched in December 2010 by two IIT Bombay graduates….OLA – Company Highlights.

Does Ola money expire?

Your OlaMoney Wallet will expire soon. According to RBI guidelines your documents need to be physically verified. To continue using OlaMoney services, please carry your original documents in your next Mini/Micro/Prime ride and complete your KYC.