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Uber's Indian competitor Ola gets another sharp markdown; hits nearly a decade-low

Infrastructure

30 January, 2024

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 ......

Bhavish Aggarwal becomes second Indian behind three unicorns with Krutrim

TMT

26 January, 2024

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 ......

Ola Electric slashes sales targets, delays profit goal ahead of planned IPO

Manufacturing

06 December, 2023

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 ......

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Ola Electric's FY23 net loss almost doubles, revenue jumps but misses target

Manufacturing

30 November, 2023

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 ......

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Ola gets a sharp valuation markdown as EV arm readies for public float

TMT

30 October, 2023

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 ......

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Grapevine: Ex-Reckitt Benckiser exec rolls out fund; TAQA eyes stake in Adani's energy business

General

18 August, 2023

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 ......

SoftBank-backed Ola Electric's FY22 loss spirals 4x

Consumer

10 August, 2023

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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Ola investor wields the axe again, slashes valuation

TMT

31 July, 2023

Ola investor wields the axe again, slashes valuation

Cab aggregator Ola, that is believed to be prepping its electric vehicle arm to go public, continues to be on ......

Uber leads $20 mn round in Everest Fleet

TMT

14 June, 2023

Uber leads $20 mn round in Everest Fleet

Ride-hailing company Uber on Wednesday said it has led a $20 million (around Rs 164 crore) funding round in Everest ......

Delhi to impound bike taxis if Uber, Ola do not comply with ban

TMT

13 June, 2023

Delhi to impound bike taxis if Uber, Ola do not comply with ban

New Delhi city authorities will start impounding the bike taxis of companies such as Uber and local rival Ola if ......