Ola to provide interest-free loans to drivers for three weeks in face of COVID-19 lockdown
4 years, 9 months ago

Ola to provide interest-free loans to drivers for three weeks in face of COVID-19 lockdown

The Hindu  

Ola on Tuesday announced a scheme to provide interest-free loans to drivers on its platforms to address the immediate liquidity crisis faced by drivers across the country. This scheme, called Sahyog, is available for all drivers of all categories including Ola Auto, Ola Rentals and Outstation and will be distributed using the microfinance lending platform, Avail Finance. Ola, in a statement said that Sahyog will help address immediate liquidity needs of over 100,000 families of driver-partners and their families pan India. We are committed to doing everything we can to reduce the economic burden and safeguard the interests of our driver-partners and their families through these unprecedented times.” Ankush Aggarwal, Founder & CEO of Avail Finance said, “We are very happy to extend the Avail platform to deliver the ‘Sahyog’ micro-credit solution to Ola driver-partners.

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Ola introduces in-app 'tipping' facility globally
4 years, 6 months ago

Ola introduces in-app 'tipping' facility globally

India TV News  

Ride-hailing major Ola on Tuesday rolled out new cashless ‘tipping functionality that enables customers to voluntarily reward drivers for going the extra mile to deliver a safe ride experience amid the Covid-19 pandemic. The feature has been rolled out to all Ola users across India, Australia, New Zealand and the UK in a bid to help the company's over 2.5 …

Ola plans to invest in Avail Finance
5 years, 6 months ago

Ola plans to invest in Avail Finance

Live Mint  

Bengaluru: ANI Technologies-owned Cab aggregator Ola plans to invest an undisclosed sum in Avail Finance as part of its deal with the latter to build financial solutions for its base of 1.5 million driver partners. Avail Finance said on Monday it had already raised $9 million in the Series A round led by Matrix Partners in addition to the proposed …

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