Karnataka’s Ongoing Ban on Ola, Uber, and Rapido Bike Taxis
The Karnataka High Court upheld the suspension of bike taxi services, affecting drivers and commuters.
The Karnataka High Court upheld the suspension of bike taxi services, affecting drivers and commuters.
Vanguard has marked down Ola's valuation to $1.25 billion, over 80% drop from its peak of $7.3 billion.
The Karnataka High Court allowed bike taxi services to continue until June 15, pending regulatory guidelines.
Ola recorded a 5.5% year-on-year decline in revenue for FY24, with ride-hailing income down 11.3%.
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