Ola, India’s largest taxi aggregator recently signed a Memorandum of Understanding (MoU) with theMaharashtra government, to skill, develop and create opportunities for entrepreneurship for 1,00,000 youth in the state.

• The MoU, which will also take into consideration the employment of women, will work towards skilling people to be independent driver-entrepreneurs over the next five years.
• The company will work closely with the Maharashtra government to expand its network of driver owned cabs across multiple categories like Micro, Mini, Prime etc.
• The government will also work with Ola towards making concerted efforts in providing the right training infrastructure and technology framework to make a meaningful difference in the current employment scenario.

OLA

• OlaCabs, commonly known as Ola, is an Indian online transportation network company.
• Ola started as an online cab aggregator in Mumbai, now based out in Bangalore.
• It was founded on 3 December 2010 by Bhavish Aggarwal (currently CEO) and Ankit Bhati.
• By 2014, the company has expanded to a network of more than 200,000 cars across 85 cities.
• Ola was valued at $5 billion as of September 2015.