Business World

Ola Cabs Highlights :  Ola announces 1400 Layoffs It's revenue is down by 95 % in the last two months. Ola on Wednesday, announces that it is going to layoffs it's 1400 employees due to Corona Crisis.  It also stated that it's revenue is down by 95 % in the last two months. Futher it's future is very uncertain. About OLA :  Ola Cabs is an Indian ride-sharing company offering services which includes peer-to-peer ride-sharing, ride service hailing, taxi and food delivery. The company headquarter is in Bangalore, Karnataka, India Ola Cabs was founded on 3 December, 2010 as an online cab aggregator in Mumbai, and is now based in Bangaluru. As of 2019, Ola has expanded to a network of more than 15 lakhs drivers ( 1.5 million ) across 250 cities. In 2018, Ola extended into its first overseas market in Australia. Later it also goes in Newzealand and UK. Ola's Acquisition  : In 2015, Ola Cabs acquired Bangaluru based taxi service Taxi...