How does Ola cabs make money? – As of now, Ola is not looking to make profits. Rather, it is trying to capture the market by innovating approach and predatory pricing. Since it is not a listed company, no detail data is available about their income and expenditure etc.

However, they have enough money to keep up their operations even with the current fare they charge.
As per the reports Ola cabs charges the taxi owners a 10-15 percent commission on an average. As per a report I read in Economic TImes, this can be 20%.  However, Ola has not yet registered profits.

The amount raised by it till now includes:
Continue reading →