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Compendium - Ola
Compendium - Ola
Presents
COMPENDIUM
About Ola - :
Ola is India’s largest mobility platform and one of
the world’s largest ride-hailing companies,
serving 250+ cities across India, Australia, New
Zealand, and the UK. The Ola app offers mobility
solutions by connecting customers to drivers and
a wide range of vehicles across bikes, auto-
rickshaws, metered taxis, and cabs, enabling
convenience and transparency for hundreds of
millions of consumers and over 1.5 million driver-
partners. Ola’s core mobility offering in India is
supplemented by its electric-vehicle arm, Ola
Electric; India’s largest fleet management
business, Ola Fleet Technologies and Ola Skilling,
that aims to enable millions of livelihood
opportunities for India's youth. With its
acquisition of Ridlr, India’s leading public
transportation app and investment in Vogo, a
dockless scooter sharing solution, Ola is looking
to build mobility for the next billion Indians. Ola
also extends its consumer offerings like micro- OLA in India-:
insurance and credit led payments through Ola India’s taxi hailing market is valued at more than
Financial Services and a range of owned food $10 Billion. The market is expected to grow at a
brands through India’s largest network of CAGR of 13.7%. The increase is supposed to
kitchens under its Food business. Ola was happen due to changing lifestyles of travellers
founded in 2011 by Bhavish Aggarwal and Ankit
and increasing disposable income of consumers,
Bhati with a mission to build mobility for a billion
especially in Tier-I and Tier-II cities.
people.
time. After that the iOS app was taken over by
Ola - Initial Team Atul Manwar and android by Ankit Kumar and
backend APIs by Neeti Birla. The main focus of the
After the idea, the design and vision were done new releases is to make the app feature rich while
by Usha Loutongbam, product manager and constantly improving the user experience and yet
Bhavish himself. As for the developers who not losing the essence of one touch cab booking.
converted these ideas into reality: The first version
for Android was built by Ajinkya Potdar and for
iOS by Khushal Bokadey. Both of them joined the Ola - Name, Tagline &
company for two months of internship and did an Logo
excellent job rolling out the release in real quick
In Spanish, Hola translates to ‘Hello’ hence the
name Ola probably to indicate that their services Ola - Product
are as easy and friendly as that, just like saying a
‘hello’. Ola's logo is simple but styled as OLΛ. The Over the last one year, Ola has been expanding
logo also has an "O" which represents a tyre. its range of services —offering a range of ride
options from budget to luxury, subscription deals,
and more recently in-cab entertainment — to
outmatch Uber on strategies beyond pricing. The commercial papers and personal papers of driver
company also offers a service called Ola and operator. The drivers have flexibility to
Corporate for the companies. With Ola Corporate, decide their own time to login to OLA
people can track the travel expenses of their Application and accept requests for rides from
employees while also ensuring their safety. customers. They may choose to remain logged
out of the system as per their convenience. Ola
Ola also launched Ola Money,a mobile wallet,
takes a commission of an average 15% on all the
which makes it convinienet for riders to pay for
booking done through the app.
the rides.
Ola consider the following factors to create the
final bill for the user:
Ola - Business and
1: Base Fare- Charged Flat
Revenue Model 2: Distance Fare- Charged Kilometer
Ola's business model works on a simple concept. Wise (different for different cities)
OLA acts as a facilitator in providing cab- 3: Ride Time Fare- Charged time taken
booking services. Customers can book their cabs to travel
through the app. OLA does not own any of the
4: Peak Pricing- Direct Ratio depending
cabs. Only those drivers with valid permits duly
on demand for cab
authorized and verified by transport authorities
can sign up with OLA and they could be either 5: Service Tax- 5.6 %
self-employed or work for an operator who owns 6: Swacch Bharat Tax- 0.2%
multiple cars. Just like how we use the OLA App, 7: Toll Charges- Toll Collection in case
the drivers get access to a driver mobile app on
you cross Toll Junction on roads\
their Smartphone once they register with OLA.
This is done only after a thorough check of
authenticity and conducting due diligence of
OLA funding -:
Date Stage Amount Investor
July 2014 Series C USD 40 Million Steadview Capital
and Sequoia Capital
October 2014 Series D USD 210 Million SoftBank
Group,Tiger Global
and Matrix Partners
India
April 2015 Series E USD 403 Million DST Global, GIC and
Falcon Edge Capital
November 2015 Series F USD 500 Million Baillie Gifford, Falcon
Edge Capital, Tiger
Global, SoftBank
Group and DST
April 2017 Series G USD 260 Million SoftBank Group
May 2017 Series F USD 100 Million RNT Capital Advisors
and Falcon Edge
Capital
October 2017 Series G USD 1.1 Billion Tencents Holdings
and SoftBank Group
September 2018 Series I USD 50 Million Sailing Capital
January 2019 Series J USD 74 Million Steadview Capital
OLA – Media Manager Role - Support the Media Capability agenda with the
categories and Marketing team, both on the
Responsible for developing Media AOPs,
Media planning, buying and strategy and drive specific capability sessions, but mainly during
the the ongoing day by day work with the teams
Media Productivity agenda, in alignment with - Maximise relationships with key TV, Print,
the overall optimal Media to rides activation radio, cinema & digital media partners (i.e.
Star TV,
planning for all the key marketing and
innovation platforms for the categories Viacom, Times of India, Facebook, Twitter,
represented under Google, etc ], linking up closely with category
teams,
ANI TECHNOLOGIES
& other agencies to utilise partner added
- Being part of the marketing team partner with value effectively
Revenue management and Category teams to
- Partner with business finance team &
develop the annual media plan and roadmap revenue management and growth team to
for categories, aligning with Senior agree common
Management,
measurement approach including scorecards,
Category teams & Media agency. tools for ROI & equity measurement using
relevant
- Identify resources, competitive environment,
possible partners, opportunity areas, etc- and KPIs and benchmarks. Collaborating to define
target digital share of media based on
together with the Marketing Director propose
the media plans and KPIs to ensure we build
econometric modelling meta-learnings and Q: How would you plan and manage the
category recommendations. migration of API version 1 to API version
- Stay current on the strategic Media landscape 2?
(consumers, competitors, media channels, Q: Walk me though a end-to-end feature
etc.) that you have delivered: Planning,
Execution etc.
and share this information with key
Q: Everyone asked: "What do you want to
stakeholders
do in your career? How does the Program
- Orchestrate the media planning, buying and Manager job fit your and Ola's
content launches for all brands. Deliver clear objectives?"
reviews of activity performance vs. plan and
Q: Considering you have to launch Ola
define future recommendations to optimise / Outstation Cab services and you are the
improve one responsible for it how would you go
about it?
media performance
Q: Consider that a new Coupon offering has
- Support the Marketing head to benchmark been added in the "Offers and Free Rides".
& negotiate Media Agency fees, The user Taps on the "Offers and Free
A&M budget Rides" in Ola App to add a coupon he has
management to agency talent management - received but sees a blank screen. What
inline with Smart Spend policies & savings could have gone wrong?