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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.
Aggarwal’s floundering venture is back in the market for funds, barely months after a hefty debt raise. Time for Ola Electric’s board to finally stir from its sleep.
Time is Bhavish Aggarwal’s biggest enemy. With time, every new, shiny endeavour of his turns pedestrian because he loses interest in it.
This is evident in Ola Cabs, the ride-hailing company that is today a pale shadow of its former ambition.
And in Ola Electric, whose market share in the electric two-wheeler market dropped below 20% for the first time in the company’s history this past quarter.
Also in the case of Krutrim, Aggarwal’s artificial intelligence company, whose contribution to the conversation around AI is marked only by its remarkable insignificance.
Ola Electric is trading 30% below its listing price, …
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
