CEO of ride-hailing and cab aggregator Ola Bhavish Aggarwal said that Uber is ‘far behind in the ride-sharing business in the country,’ responding to Uber’s global CEO Dara Khosrowshahi’s comment on Indian consumers, according to a report by Business Standard. Aggarwal said, “Ola is going nowhere. It is already doubling down and deep into India, …
Image Credits: MANJUNATH KIRAN / AFP / Getty Images Krutrim, an AI startup founded by Ola founder Bhavish Aggarwal, said it has raised a funding round that values it at $1 billion. The startup, founded last year, is the fastest to become a unicorn in India, it claimed in a press statement. It’s also the …
Bengaluru: Ola on Thursday said it has appointed former Unilever executive Hemant Bakshi as the chief executive officer (CEO) for its mobility business, which turned Ebitda positive in fiscal year 2023 (FY23) for the first time, as it looks to focus on areas including ride-hailing and e-commerce services. A company with a positive Ebitda (earnings …
Bhavish Aggarwal, the founder of Ola Electric, is set to sell around 47.4 million shares in the SoftBank Group-backed e-scooter maker, as per the company’s preliminary draft papers filed with SEBI on December 22. The proposed issue includes a fresh equity share release of up to ₹5,500 crore and an offer for sale (OFS) of …
Layoffs in 2023: As 2023 is coming to a close, there has been a significant shift in the Indian tech industry, leading to layoffs throughout. Let us take a look at the tech companies that have laid off their employees and the reasons for the downsizing. In 2023, over 15,000 employees faced layoffs across approximately …
Ola has introduced an enticing discount of Rs 20,000 on its premium electric scooter, the S1 X+, bringing its ex-showroom price down to Rs 89,999. This exclusive discount is valid for all S1 X+ bookings made in the month of December 2023, providing a significant saving opportunity for prospective buyers. The S1 X+ stands atop …
With numerous customers complaining about the quality of Ola electric scooters in India, a Reuters reporter has posted pictures of hundreds of Ola S1 scooters awaiting repairs. The report claims that the service network of Ola scooters is under tremendous strain and cannot keep up with the repair job. Ola has over 400 service hubs …