Vanguard Adjusts Ola’s Valuation to $70 Million
Vanguard marks down Ola's valuation to $70.3M, reflecting a nearly 99% drop since their 2015 investment.
Tag: Ola
Ola Consumer Launches IPO Journey Amidst Revenue Drops and Rising Losses
Ola has initiated IPO preparations despite financial struggles and regulatory scrutiny impacting operations.
Ola Cabs Faces a 42% Dip in Revenue, Surges in Losses to Rs 1,171 Cr in FY25
Ola's revenue fell to Rs 1,171 crore in FY25, down from Rs 2,012 crore in FY24, with losses doubling.
Krutrim Shifts Focus to AI Cloud, Achieves Rs 300 Crore Revenue in FY26
Krutrim shifted focus to AI cloud services, reporting Rs 300 crore in revenue for FY26, tripling last year.
Bharat Taxi Surpasses 2.7 Million Downloads Amidst Pricing Challenges
India’s Bharat Taxi sees strong adoption with 2.73M downloads, but higher fares raise user concerns.
Ola Electric’s Stock Plunges to Record Low Amid 47% Monthly Sales Decline
Shares of Ola Electric Mobility hit an all-time low on Monday, sliding to Rs 23.82 on March 2.
Karnataka High Court Reinstates Bike Taxi Operations for Rapido, Ola, and Uber
The Karnataka High Court lifted the ban on bike taxis, allowing platforms like Rapido, Ola, and Uber to resume.
SoftBank Offloads 2.15% Stake in Ola Electric Through Open Market Transactions
SoftBank's SVF II Ostrich sold 2.15% of Ola Electric, dropping its stake from 15.68% to 13.53%.
SoftBank Adjusts Its India Approach Amid Departures and a Fresh Emphasis on AI
SoftBank's recent activity in India indicates a strategic reset, focusing on AI and enterprise technology.
Uber CEO Identifies Rapido as a Greater Competitor than Ola in India
Uber's Khosrowshahi sees Rapido as India's main rival, praising its subscription model for drivers.
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