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Ratan Tata invests in Ola

01-July-2015
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Ratan Tata invests in Ola

Ola, mobile app for personal transportation, has announced that Ratan Tata, Chairman Emeritus of Tata Sons, has invested in the company in his personal capacity. Globally, Ratan Tata is respected as one of this generation’s finest business leaders and under his leadership; the Tata Group has grown further as one of India’s most trusted business houses.

Ratan Tata’s strong inclination towards transportation as a segment and philosophy of creating widespread social impact through business creates a strong connection to this investment. Ola, will stand to benefit from Ratan Tata’s endorsement and guidance going forward.

Bhavish Aggarwal, CEO and Co-founder, Ola said, "It is our honor to have Mr. Ratan Tata onboard as an investor. This is a huge endorsement from one of the most respected business leaders of our times and reflects Ola’s commitment towards the future of mobility in India. We look forward to learning from Mr. Tata’s experience that will help us build a world class organization from India.”

Ola’s growth has been further accelerated with the acquisition of TaxiForSure in March 2015. Ola has leveraged its strength as an on-demand platform by going beyond transportation into instant food delivery with OlaCafé, currently available in beta across four cities.

 

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Prior to joining Madison PR in 2012 Chaudhary was Group President Corporate Communications at Reliance Industries Limited.