Ola has come a long way from a small trip-organising business named Olatrip.com, to becoming one of the two players in India’s virtually duopolistic cab-hailing market. Ola had a valuation of $ 7.3 billion after its previous funding round in December 2021. Ola Electric, which was initially a wholly-owned subsidiary of ANI Technologies (Ola’s parent entity), was later spun off as a separate entity and commanded a valuation of $ 5 billion during its previous funding round. But, despite the hype around both Ola Cabs and Ola Electric, it appears that the businesses might be going through a rough patch.
Is Ola in Trouble?
Is Ola in Trouble?
Is Ola in Trouble?
Ola has come a long way from a small trip-organising business named Olatrip.com, to becoming one of the two players in India’s virtually duopolistic cab-hailing market. Ola had a valuation of $ 7.3 billion after its previous funding round in December 2021. Ola Electric, which was initially a wholly-owned subsidiary of ANI Technologies (Ola’s parent entity), was later spun off as a separate entity and commanded a valuation of $ 5 billion during its previous funding round. But, despite the hype around both Ola Cabs and Ola Electric, it appears that the businesses might be going through a rough patch.