your password has been reset successfully, Please login again.

Ola Acquires Pikup.ai to Make Tech Solutions More Effective

Indian ride-hailing firm, Ola has proclaimed to buy Pikup.ai, an AI platform, which renders tech solutions to the companies.
BY BEx Bureau
BusinessEx
Aug 14, 2019

Indian ride-hailing firm, Ola has proclaimed to buy Pikup.ai, an AI platform, which renders tech solutions to the companies, according to a media report.

The move will help it enhance its AI-focused strategy, including investments in early-stage businesses and acquisitions, Ola, which is administered by ANI Technologies, said in its statement, as reported by the daily news, VC Circle.

We look forward to co-creating innovative technology that will help redefine the mobility experience in the times to come, Co-founder and CTO of Ola, Ankit Bhati told the daily news.

The ride-hailing company has not disclosed financial details of the transaction.

The startups team was looking forward to joining Ola and contributing to its strategy, Co-founder of Pikup.ai, Inder Singh told the daily news.

Pikup.ai employes technologies like Artificial Intelligence, sensor fusion, and computer vision to render effective AI-enabled solutions to the businesses.

In the past, Ola has employed numerous startup companies to render transport solutions as well as hold a great stake in the Indian mobility market.

In the previous year, the firm has bought Ridlr. In 2016, the firm had taken over Qarth Technologies and in 2015, it acquired Geotagg.







Please add your Comment
SIMILAR News
August 20, 2019
MPOWER, which is backed by the PE firm, Zephyr Peacock, will utilise the funds to widen its reach to ...More
By Jaspreet Kaur
August 20, 2019
MPOWER, which is backed by the PE firm, Zephyr Peacock, will utilise the funds to widen its reach to ...More
By Jaspreet Kaur
August 17, 2019
With Sistema Asia Capital’s investment, the aggregate equity funding of Lendingkart has surged to $1 ...More
By Jaspreet Kaur
August 17, 2019
Investors, who partook in the funding round, were Inventus Capital, Storm Ventures, Emergent Venture ...More
By Jaspreet Kaur
August 16, 2019
UK-based company sold 67.1 million stakes at INR 480.7 epiece, according to the stock-exchange data. ...More
By Jaspreet Kaur
August 14, 2019
Indian online platform, Tjori has amassed INR 5 crore in pre-Series A round from a cohort of investm ...More
By Jaspreet Kaur
August 12, 2019
The automotive manufacturer’s products comprise telematic devices, instrument cluster, and other dat ...More
By Jaspreet Kaur
August 12, 2019
RadhaKishan Damani, who is an active promoter of supermarket company, Avenue Supermarket, has recent ...More
By Jaspreet Kaur
August 07, 2019
Agritech company, Gramophone which amasses INR 24.78 crore in its series A funding round from a coho ...More
By Jaspreet Kaur
August 06, 2019
It is the first transaction of BlackRock in the onshore finance segment in India. ...More
By Jaspreet Kaur
August 06, 2019
The startup mainly builds visual object intelligence for the industrial robotics and plans to offer ...More
By Jaspreet Kaur
August 05, 2019
After this transaction, Thirdwatch, which is established by Shashank Agarwal, will be moved to Razor ...More
By Jaspreet Kaur