While technology has played a major role in solving retail for end-consumers through B2C platforms, the traditional, fragmented base of mom& pop retailers have largely been ignored. This is ironic because a typical mom& pop store has a huge (8-10%) cost advantage over modern retailers given their low tax bills, low rent and employ family. Traditional retail in emerging markets is a source of livelihood to millions. Yet they lose out for lack of access to marketing, inefficient and expensive sourcing and limited and expensive working capital. This problem is prevalent across most emerging economies where 80-90% of retail is offline and spread across hundreds of thousands of small stores.
This is where Ula comes along - Indonesia is a $300B retail market with ~70-80% of it being offline through small stores - so imagine the potential of our solution! Our app allows these small stores to access a wide selection of products at a competitive pricing, delivered right to their doorstep, as well as working capital solutions.
We provide a simple front-end app, powered by sophisticated back-end systems that determine everything from pricing to inventory to intelligent salesforce route planning. We are building many first of their kind technologies in the world and need your help in building the right systems.
We are funded by Tier-1 Venture Capital Sequoia Capital India, Lightspeed India, Quona Capital and B-Capital Group - as well as prominent industry angels such as the founders of Udaan, Rahul Mehta of DST Capital and other established Indonesian angels.
We are a culturally diverse company with 38% women and 7 nationalities - the best minds are required to solve tough problems irrespective of where they come from. If would like to join us reimagine the future of retail in emerging markets, we would love to hear from you!
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About the company
Founded and launched in December 2010 by IIT Bombay graduates, Bhavish Aggarwal and Ankit Bhati, Ola is India's most popular mobile app for transportation. Initially launched as an online travel company to facilitate short weekend holidays, it soon began to recognize the growing need for hassle free day-to-day transport. Six years later, filling that vacuum in the market continues to be Ola's vision, to provide seamless and convenient mobility to a billion Indians. Breaking new ground in the on-demand cab aggregator market in India, Ola began as a market innovator and has today come to lead the country's on-road transport sector not only in terms of volume, but also in terms of innovation and creativity.
As one of the fastest growing Unicorns, Ola takes pride in being entrepreneurial, experimental and innovative! In India, Ola is synonymous with cab travel today and is the favoured choice of transportation for millions of Indians every day. Present in 100+ cities, with over 5.5 lakh driver-partners attached to its platform, Ola has around 4.5 lakh vehicles plying on the roads every day. Ola's edge lies in understanding the local dynamics and creating solutions specifically for the Indian market. Launching e-rickshaws, auto-rickshaws, Ola Micro and shared mobility solutions like Ola Share and Shuttle on its platform, are few of the recent examples in this direction. Given its 'Made for India' focus, it has a definitive advantage of innovation and hyper-local execution.
Ola encourages all its employees to practice the utmost creative freedom in everything that they do, allowing for ground-breaking ideas, innovation and steady advancement. It is a constant effort that Ola's employees understand the value of being output-focussed, hardworking and passionate, and, work towards achieving the core vision of Ola, i.e., to build mobility for a billion Indians.
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We're a young energetic company with a lot to prove. We've grown by leaps and bounds over the last couple of years and are looking to size up our team with the right people.
What we can promise is working on tough technical challenges in a space that you can learn a lot while having a good. time.
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