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§ Private Profile · Koramangala Industrial Layout, Koramangala, Bengaluru, Karnataka 560095
Ola Consumer builds a digital commerce platform designed to facilitate transactions and enhance market reach for consumer brands. The entity partners with various fast-moving consumer goods and direct-to-consumer businesses, offering infrastructure to streamline their online presence and distribution. It actively integrates with frameworks like the Open Network for Digital Commerce, aiming to simplify digital transactions and optimize efficiency for sellers and buyers within the expansive Indian market.
The company emerged as a strategic extension of the broader Ola Group, initially co-founded by Bhavish Aggarwal and Ankit Bhati in 2010 with a vision for urban mobility. This consumer-focused arm represents an evolution of the group’s ambitions, signifying a move beyond its foundational ride-hailing and electric vehicle ventures into the expansive realm of consumer goods. This diversification reflects an insight into the vast opportunities within India’s burgeoning digital retail landscape.
Ola Consumer serves a diverse clientele, encompassing established consumer goods manufacturers and emerging direct-to-consumer brands seeking robust digital distribution channels. Its vision is centered on democratizing digital commerce, striving to render it more accessible, affordable, efficient, and sustainable for all participants. The company aims to empower a new generation of businesses and consumers by redefining how products are bought and sold online.
Ola Consumer has raised $2.2B across 10 funding rounds.
Key people at Ola Consumer.
Ola Consumer was founded in 2010 by Bhavish Aggarwal (Co-Founder) and Ankit Bhati (Co-Founder).
Ola Consumer has raised $2.2B in total across 10 funding rounds.
Ola Consumer builds a digital commerce platform designed to facilitate transactions and enhance market reach for consumer brands. The entity partners with various fast-moving consumer goods and direct-to-consumer businesses, offering infrastructure to streamline their online presence and distribution. It actively integrates with frameworks like the Open Network for Digital Commerce, aiming to simplify digital transactions and optimize efficiency for sellers and buyers within the expansive Indian market.
The company emerged as a strategic extension of the broader Ola Group, initially co-founded by Bhavish Aggarwal and Ankit Bhati in 2010 with a vision for urban mobility. This consumer-focused arm represents an evolution of the group’s ambitions, signifying a move beyond its foundational ride-hailing and electric vehicle ventures into the expansive realm of consumer goods. This diversification reflects an insight into the vast opportunities within India’s burgeoning digital retail landscape.
Ola Consumer serves a diverse clientele, encompassing established consumer goods manufacturers and emerging direct-to-consumer brands seeking robust digital distribution channels. Its vision is centered on democratizing digital commerce, striving to render it more accessible, affordable, efficient, and sustainable for all participants. The company aims to empower a new generation of businesses and consumers by redefining how products are bought and sold online.
Key people at Ola Consumer.
Ola Consumer has raised $2.2B across 10 funding rounds. Most recently, it raised $139.0M Ola - Other Equity in December 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 8, 2021 | $139M Venture Round | Edelweiss | Hero Enterprise, IIFL, Siddhant Partners, Tejal Merchantile Private Limited | Announced |
| Jul 8, 2021 | $500M Venture Round | Temasek, Vishal Mahadevia | Bhavish Aggarwal | Announced |
| May 27, 2020 | $27.1M Venture Round | — | Falcon Edge Capital, Gemini Investments, Matrix Partners | Announced |
| Feb 28, 2019 | $56.4M Venture Round | — | Sachin Bansal, Matrix Partners India, Tiger Global | Announced |
| Jan 10, 2019 | $73.8M Venture Round | Steadview Capital | — | Announced |
| Sep 17, 2018 | $50M Venture Round | China, Sailing Capital | — | Announced |
| Oct 10, 2017 | $1.1B Venture Round | Tencent Holdings | Softbank | Announced |
| Aug 11, 2017 | $36M Venture Round | Tekne | — | Announced |
| Oct 27, 2014 | $210M Series D | Nikesh Arora | Matrix Partners, Steadview Capital, Tiger Global | Announced |
| Aug 1, 2013 | $3.2M Series B | Tiger Global | — | Announced |
Ola Consumer was founded in 2010 by Bhavish Aggarwal (Co-Founder) and Ankit Bhati (Co-Founder).
Ola Consumer has raised $2.2B in total across 10 funding rounds.
Ola Consumer's investors include Edelweiss, Hero Enterprise, IIFL, Siddhant Partners, Tejal Merchantile Private Limited, Temasek, Vishal Mahadevia, Bhavish Aggarwal, Falcon Edge Capital, Gemini Investments, Matrix Partners, Sachin Bansal.