What is ANI Technologies Private Limited?

ANI Technologies Private Limited is the parent entity behind Ola Cabs, India's leading ride-hailing platform. Incorporated in 2010 in Bengaluru, it operates the Ola mobile application connecting riders with driver-partners across cars, autos, and bikes.

Who founded Ola Cabs?

Ola Cabs was co-founded by Bhavish Aggarwal and Ankit Bhati in December 2010, initially as a cab aggregation service before evolving into a full-stack mobility platform.

Is ANI Technologies listed on any stock exchange?

No. ANI Technologies Private Limited is an unlisted private company. Its electric-vehicle subsidiary Ola Electric Mobility Limited (listed as OLAELEC on NSE/BSE) completed an IPO in August 2024, but the parent ride-hailing entity remains private.

What is Ola's valuation?

At peak funding rounds (2019–2021), ANI Technologies was valued at approximately USD 6–7 billion (roughly INR 50,000–58,000 crore). More recent secondary transactions and down-rounds suggest a lower implied valuation, though no official figure has been publicly confirmed post-2022.

What are Ola's main business verticals?

The core business is ride-hailing (Ola Cabs) in India and select international markets. The company also operates Ola Financial Services (lending and insurance), and previously incubated Ola Electric (now independently listed).

How do I buy ANI Technologies (Ola Cabs) unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for ANI Technologies (Ola Cabs)?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell ANI Technologies (Ola Cabs) shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

ANI Technologies (Ola Cabs) Unlisted Share Price | Buy ANI Technologies (Ola Cabs) Pre-IPO Shares — wisefolio

Investment Thesis

ANI Technologies (Ola Cabs) is India's best-known ride-hailing brand and a genuine pioneer of the gig-economy in India. However, it faces a critical phase: persistent losses, intensifying competition, and governance overhang weigh against its strong brand, large network, and diversified mobility ambitions. Investors in the unlisted shares are essentially making a long-duration bet on the eventual IPO and path to profitability. Risk tolerance must be high given the current lack of liquidity and uncertain timeline to public listing.

Pros

Pioneer and market leader in Indian ride-hailing with Ola Cabs brand operating in 250+ cities
Diversified mobility ecosystem spanning cab-hailing, electric vehicles (Ola Electric), and financial services
Strong brand recognition built over a decade of operation across India
Backed by marquee global investors including SoftBank, Tiger Global, and Tencent
Ola Electric (spun off) separately listed, demonstrating ability to create enterprise value
Large driver-partner network providing significant supply-side moat

Cons

Sustained net losses since inception; profitability remains elusive at the consolidated level
Intense competition from Uber India, Rapido, and regional players compressing margins
High driver-partner churn and ongoing regulatory friction in key metros
Corporate governance concerns flagged by investors and former co-founder
Business model heavily dependent on discounts and incentives to retain both drivers and riders
Significant cash burn with continued reliance on external fundraising

Business Segments

Ride-Hailing (Ola Cabs)

Core cab-aggregation and auto/bike-hailing service operating across 250+ Indian cities and select international markets. Revenue is commission-based on each completed ride.

Ola Financial Services

Provides driver-partner financing, consumer credit, and insurance products leveraging the Ola platform ecosystem.

International & Other

Operations in select international markets and ancillary B2B fleet/logistics services.

Revenue Model

ANI Technologies earns primarily through commissions (take-rate of roughly 15–25%) on every completed ride booked via the Ola platform. Secondary revenue streams include subscription fees from driver-partners (Ola Prime, Ola Play), surge-pricing-driven higher take-rates, and financial-product revenues from Ola Financial Services.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds12

Growth Plans

Potential IPO of the Ola Cabs ride-hailing business, which would provide a public valuation benchmark and liquidity to investors

Expansion of Ola Financial Services into a full-stack digital lending platform

Improvement in driver-partner retention and platform economics as competition normalises

Integration of EV ride-hailing fleets, reducing per-kilometre costs at scale

Industry Tailwinds

Recent Developments

Ola Electric IPO

Ola Electric Mobility Limited, formerly a subsidiary of ANI Technologies, completed its IPO on Indian exchanges in August 2024, raising approximately INR 6,146 crore. The parent ride-hailing entity (ANI Technologies) remains separately unlisted.

2024-08

Rapido & Uber competition intensifies

Rapido's expansion into cab-hailing and Uber India's aggressive growth have eroded Ola's market share in key metro markets, putting pressure on pricing and driver incentive structures.

2024

Restructuring and cost rationalisation

ANI Technologies undertook multiple rounds of workforce rationalisation and restructured international operations to reduce cash burn ahead of a potential future public listing of the ride-hailing business.

2023-24

Comparable Companies

CompanyTypeTickerMkt Cap

Uber Technologies Inc.ListedUBER (NYSE)~USD 160 billion (Apr 2025)

Ola Electric Mobility LimitedListedOLAELEC (NSE/BSE)~INR 30,000–35,000 crore (2024, fluctuating)

Rapido (Roppen Transportation Services Pvt Ltd)ListedUnlisted~USD 1.1 billion (last funding valuation)

Uber Technologies Inc.Listed

UBER (NYSE) · ~USD 160 billion (Apr 2025)

Frequently Asked Questions

About ANI Technologies (Ola Cabs)

ANI Technologies Private Limited, operating as Ola Cabs, is India's largest ride-hailing platform and one of the most prominent technology unicorns in the country. Founded in December 2010 by Bhavish Aggarwal and Ankit Bhati in Bengaluru, Ola pioneered the digital transformation of urban mobility in India, creating a technology-driven marketplace connecting millions of driver-partners and passengers across the country. Ola operates across 250+ cities in India, commanding approximately 50-55% market share in India's urban cab aggregation market. The platform enables rides across categories including Ola Auto, Ola Mini, Ola Sedan, and Ola Prime, serving both budget and premium commuter segments. Ola has also expanded into international markets including the UK, Australia, and New Zealand. The company has raised over $4 billion in funding from marquee investors including SoftBank Vision Fund, Tiger Global, Tencent, Sequoia Capital India, and Hyundai-Kia. As of recent valuations, Ola is valued at approximately $7-8 billion. The company is a subsidiary of Ola Group, which also includes Ola Electric — India's largest electric vehicle company which was separately listed on NSE/BSE in August 2024. Ola's business model generates revenue through commissions on rides, surge pricing, subscription packages, and value-added services. The company has invested heavily in technology infrastructure including its AI-powered dispatch system, driver app, and customer experience platform. Ola's IPO has been discussed but not formally filed as of early 2026, with management focusing on profitability improvement ahead of a public market listing.

Key Milestones

December 2010 — ANI Technologies incorporated in Bengaluru by Bhavish Aggarwal and Ankit Bhati

Common questions about unlisted shares

How do I buy ANI Technologies (Ola Cabs) unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

ANI Technologies Private Limited

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