Tag: Ola

Vanguard marks down Ola's valuation to $70.3M, reflecting a nearly 99% drop since their 2015 investment.

Ola has initiated IPO preparations despite financial struggles and regulatory scrutiny impacting operations.

Ola's revenue fell to Rs 1,171 crore in FY25, down from Rs 2,012 crore in FY24, with losses doubling.

Krutrim shifted focus to AI cloud services, reporting Rs 300 crore in revenue for FY26, tripling last year.

India’s Bharat Taxi sees strong adoption with 2.73M downloads, but higher fares raise user concerns.

Shares of Ola Electric Mobility hit an all-time low on Monday, sliding to Rs 23.82 on March 2.

The Karnataka High Court lifted the ban on bike taxis, allowing platforms like Rapido, Ola, and Uber to resume.

SoftBank's SVF II Ostrich sold 2.15% of Ola Electric, dropping its stake from 15.68% to 13.53%.

SoftBank's recent activity in India indicates a strategic reset, focusing on AI and enterprise technology.

Uber's Khosrowshahi sees Rapido as India's main rival, praising its subscription model for drivers.