You Use These Apps Everyday, But Do You Know Their Parent Companies?
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Till the ’80s or ’90s, food, cloth, water and roof meant essential items. Fast forward today, the list of essential items has grown multifold. Has the meaning of ‘essential’ changed or has technology leapfrogged in a manner that it is shaping our needs? Whatever the case be, one has to admit that mobile phones now play a crucial role in each of our lives and are almost at par with the above-mentioned four items.
We are always fidgeting with our mobile phones. We carry it always and why wouldn’t we? Apart from the calling facility, the apps on our mobile phones are making our life easier and simpler. Just to give an example, in most of the western countries, people have forbidden their wallets because payment apps are paying the bills. At the same time, cab aggregator apps are helping us book cabs instantly without stepping out of your apartment. Convenient, right?
While we must be having dozens of such popular apps we are using regularly trusting it with our personal information, it is equally important that we know their parent companies. Google is a tech giant and we use it daily, but few know that its parent company is Alphabet.Inc.
Let us look at some popular apps that are present in most of our phones and know their parent company.
App: TikTok; Parent company: ByteDance
App:Paytm; Parent Company: One97 Communications
App: OLA; Parent Company: ANI Technologies
Bengaluru-based OLA changed the way India travels. It brought cabs to commuters’ doorsteps and disrupted the monopoly orchestrated by taxi unions. Apart from booking a cab with a simple tap, details of the driver, online payment feature, feedback/complaint features made users more comfortable summoning a cab via OLA. The startup in December 2019 registered around 23.96 million active users which was way ahead of international Uber which clocked at 15 million in the same time.
OLA cabs is a parent company of ANI Technologies Pvt Ltd, which was founded by Bavish Aggarwal and Ankit Bhati in 2010. The company’s brands OLA Cabs and OLA Electric have become unicorns.