Is Ola profitable 2021?
Ride-hailing firm Ola has reported its first operating profit of Rs 89.82 crore for 2020-21, even as its revenue declined 65 per cent to Rs 689.61 crore amid Covid-19 induced lockdowns. Our Ola cabs GMV crossed pre-covid levels last week. …
Which is more profitable Ola or Uber?
For monthly downloads, Ola had 67.41 million while for Uber it was 45.73 million downloads. Losses for Ola in FY19 went down by 8 per cent to around $363 million in FY19 from $398 million in FY18. Revenue, on the other hand, had increased 37 per cent from $259 million to $356 million during the said period.
Is Ola running in loss?
Ola lost Rs 328 crore on its ride-hailing business and Rs 653.5 crore on the cab-leasing segment during FY21. The company had laid off over 1,400 employees in FY21 and its employee costs were reduced by 27.4\% YoY to Rs 436.3 crore in the last fiscal (FY21).
Why is Ola better than Uber?
Uber is good for fares but it’s must be improved in navigation system or otherhand ola is pricy & fast compare to uber. OLA shows lesser charges at the booking time and once we reach show higher on screen thus cheating customers for which there is no hearing.
Can you drive for Uber and Ola?
Yes, of course you can tieup with both and choose between the two whenever you wish. You can also have two drivers, one to drive OLA and one for UBER. You can also choose between the two depending on the incentives for a particular day or week.
How much is the downpayment for Ola car?
How much do I have to pay initially to lease a car? You have to pay Rs 4000 as non-refundable charge and Rs 21,000-31,000 refundable security deposit based on the type of car you will be leasing.
Can I buy a new car to share with ola or Uber?
If you’re planning to buy a new car with the idea of sharing it with Ola or Uber, here’s some great news for you! Maruti Suzuki is offering a terrific additional discount on its range of cars (except Wagon R), if you’re buying a new car to share with Uber. This offer comes to you as a result of a tie-up between Uber, Ola and Maruti Suzuki.
How to earn excellent profits every month by using OLA or Uber?
All you have to do is to submit your car booking receipt at the taxi office (Ola or Uber) to claim the additional discount. Isn’t that cool? Earn Excellent Profits Every Month! Consider you’re making only 8 to 10 trips a day, not more – about 14 hours. You can easily profit at least Rs. 15,000 a month.
How many days a year does an Ola Uber driver work?
Following has been assumed to arrive at the annual yearning: Number of days worked / month – 25 Number of month worked / year – 12 So lets see what will be the total revenue of the Ola Uber cab driver:
What is the second mode of payment for Uber and Ola?
The second mode of payment is by incentives. Incentives are also received online by the cab owner from Ola and Uber. Suppose a passenger orderd for a Ola cab for airport drop from his residence. The total bill for the airtport drop is Rs.165.