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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Ola Consumer is gearing up for an IPO, but poor numbers, lack of direction and an uncertain path to profitability make the company a particularly risky bet for investors.
Investors should brace themselves for what’s coming. Amid recent discussions about Ola Electric and its mountain of problems, one thing seems to have been forgotten. An even weaker company, with shakier fundamentals, is barreling toward the public markets.
From the outside, Ola Consumer (formerly Ola Cabs) presents itself as a legitimate company with strong fundamentals. But peel back the layers, and you’ll find gaping holes so vast that no one—not even founder and CEO Bhavish Aggarwal—wants a piece of the business.
The cab-hailing vertical, which accounts for nearly 90% of ANI Technologies (Ola Consumer’s parent company), has been languishing and …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
As Rapido and Uber pull ahead, falling traction and mounting financial stress leave Ola with few options.
