The company, which rents cars by the hour, day, week and month, has Mahindra E2O Plus and Tata E Tigor available on the platform for which it charges a subscription fee of Rs 15,000-20,000 per month.
With its foray into self-drive, Ola will go head-to-head with early entrants Zoomcar, Revv and a few other.
Most firms operating in the space claim that they have seen at least a two-fold rise in orders as compared to other times.
Pai has direct and indirect investments in about a dozen companies.
Public bicycle-sharing systems are entering this untapped market.
Data from market research agency Nielsen shows that 152 new players entered the hygiene market in March as the lockdown was implemented to contain the spread of the coronavirus disease. The trend is expected to continue, the agency says, as hygiene and health emerge as key themes.
Experts argue that the top two players in each category will receive funding sooner or later, but for laggards, the market is still challenging
Chinese bicycle sharing giant Ofo launches service in seven Indian cities.
There's little interest in seed funding now as investors are finding it a risky proposition.
In India, many cities lack bicycle lanes and proper pavements. This, coupled with heavily congested roads, creates a danger to cyclists. Furthermore, the low costs of bicycles may make it more economical to buy than to rent.
Investments in 2015 reach a record high of $46.4 million with 193 deals.
Automobile makers in India are embracing taxi-hailing apps such as Uber and Ola, hoping to ride on their expansion to sell more cars, a contrarian view to companies in Western markets that fear a drop in car sales due to them
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