Is Ola Cabs a Swadeshi Company?
Ride-hailing and mobility platform
Frequently Asked Questions
No, Ola Cabs is not owned by Indians. It is currently owned by SoftBank, Hyundai, Kia from Japan, South Korea. SoftBank (~45%), founders retain control but significant foreign ownership.
Ola Cabs was founded in India in 2010 by Bhavish Aggarwal, Ankit Bhati. However, it was acquired by SoftBank, Hyundai, Kia in N/A (Investment), making it a foreign-controlled company despite its Indian origins.
No, Ola Cabs is not a Swadeshi company. While founders maintain operational control, SoftBank and other foreign investors hold majority stake
Ola Cabs is owned by SoftBank, Hyundai, Kia from Japan, South Korea. SoftBank (~45%), founders retain control but significant foreign ownership. The acquisition took place in N/A (Investment) for $3.8+ billion (cumulative investment).
Ola Cabs is not publicly listed on Indian stock exchanges as a standalone entity.
Ola Cabs was acquired in N/A (Investment) by SoftBank, Hyundai, Kia for $3.8+ billion (cumulative investment).
Significant foreign investment diluted Indian ownership, though still considered Indian-controlled
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