Ola
TMT
Ola gets a breather after sharp valuation cut ahead of planned IPO
An Ola investor that last year slashed the Indian company’s valuation to a level seen nearly a decade ago has ......
General
Grapevine: CX Partners starts Veeda Clinical sale process; Ola CEO departs amid job cuts
CX Partners, a mid-market private equity firm, has started the process to divest its majority stake in Veeda Clinical Research, an ......
TMT
Ola to stop ride-hailing operations in international markets
Ola said on Tuesday it was exiting its ride-hailing businesses in the UK, Australia and New Zealand as the startup ......
Infrastructure
Uber's Indian competitor Ola gets another sharp markdown; hits nearly a decade-low
Cab aggregator Ola has recorded a sharp cut in valuation from an existing backer that pulled it to a level ......
TMT
Bhavish Aggarwal becomes second Indian behind three unicorns with Krutrim
Ola co-founder Bhavish Aggarwal has become only the second Indian behind three unicorns after his artificial intelligence startup Krutrim raised ......
Manufacturing
Ola Electric slashes sales targets, delays profit goal ahead of planned IPO
India's Ola Electric has slashed its sales goals for 2023-2025 by more than half and delayed its target of achieving ......
Manufacturing
Ola Electric's FY23 net loss almost doubles, revenue jumps but misses target
SoftBank-backed electric scooter maker Ola Electric posted a wider loss in the financial year through March 2023 but likely missed ......
TMT
Ola gets a sharp valuation markdown as EV arm readies for public float
Cab aggregator Ola, which is preparing to take its electric vehicle unit public, has recorded a sharp markdown from an existing ......
General
Grapevine: Ex-Reckitt Benckiser exec rolls out fund; TAQA eyes stake in Adani's energy business
Former global chief executive of consumer goods giant Reckitt Benckiser Group plc, Rakesh Kapoor, has floated an India-focussed fund that ......
Consumer
SoftBank-backed Ola Electric's FY22 loss spirals 4x
Cab aggregation unicorn Ola’s electric mobility arm, Ola Electric reported a four-fold rise in its net loss for the financial ......
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