Ola was founded in 2011 in Bangalore by IIT graduates and has expanded to over 102 cities in India. It operates an app that connects customers to over 2.5 lakh vehicles like cabs, auto rickshaws, and two-wheelers. Ola aims to provide convenient transportation and help drivers become micro-entrepreneurs through its minimum earnings guarantee program. It has raised over $70 million from investors and continues growing rapidly across India.