Olar entry into the fast trade field, the grocer will reach your home in 15 minutes



New Delhi. Riding app Ola (OLA) has launched a fast delivery service of groceries, personal care and pet care products in Bangalore on a pilot basis. Through this, Ola has entered the fast delivery e-commerce segment, Quick Commerce.

The company, which provides ride service through the app, is entering the field of such delivery with this pilot service. Sources said that Ola is starting its ‘Ola Store’ in Bangalore on a pilot basis, starting from some important areas. The company will expand it to major cities in India next month.

Sources said the goal of the service is to deliver in less than 15 minutes. When contacted, Ola declined to comment. Sources said the service is available on the Ola app and is being rolled out to selected customers in Bangalore.

The company became profitable even before the IPO
Olar’s ​​parent company ANI Technologies 220-21 posted an operating profit of Rs 89.92 in the financial year. However, the company’s revenue fell 65 per cent to Rs 689.61 crore. According to regulatory documents submitted by ANI Technologies, it posted an operating profit of Rs 89.82 crore on an individual basis in the last financial year. As a result, the company has incurred a loss of Tk 610.17 crore in the last financial year.

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