Skip to content
Search

Latest Stories

Submit Guest Post

Ola gets licence from London transport authority for cab service

RIDE hailing firm Ola Thursday (4) said that it has received private hiring vehicle operator licence by transport authority in London.

The licence paves way for Indian based company to launch its ride-hailing service in London which is estimated to have eight million population.


"London is one of the world's most iconic cities and hosts a progressive mobility environment. We couldn't be more excited to bring Ola to London in the time ahead! We are looking forward to building world-class mobility offerings for London, by collaborating with drivers, riders, the government and local authorities," Ola spokesperson said in a statement.

Ola already facilitates private hire vehicles (PHVs) and black cabs booking across 21 boroughs in the UK.

"Londoners will hear more from us closer to our launch in the city, as we get ready to serve them," the spokesperson said.

Over 10,000 drivers are estimated to have registered themselves on the Ola platform in the UK.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

Leonid Radvinsky

OnlyFans has grown into one of the most profitable companies in Britain, despite employing just 47 people

Leonid Radvinsky

OnlyFans made £513m in dividends for its owner before he died, here's the full picture

  • OnlyFans owner Leonid Radvinsky received dividends worth more than £513m (over $700m) before his death in March at the age of 43.
  • The company made $714m in profit before tax last year, a rise of 5 per cent from 2024, despite employing only 47 people.
  • OnlyFans has paid over $30 billion to creators since launch, according to chief executive Keily Blair.

The man behind OnlyFans was paid an extraordinary sum in dividends in the months leading up to his death from cancer earlier this year, newly published company accounts show. Fenix International Ltd, the British company that owns the streaming platform, paid its late owner Leonid Radvinsky more than £513m (around $700m) before he died in March.

According to Fenix International's annual report, the company made $714m in profit before tax last year, up 5 per cent from 2024. What makes the figure especially striking is the size of the company behind it. OnlyFans employs just 47 people, a staggeringly small workforce for a business generating that kind of profit. For comparison, Marks and Spencer, which employs more than 65,000 people, made £671m in profit last year, roughly in the same ballpark as OnlyFans despite a workforce thousands of times larger.

Keep ReadingShow less