Can used-car commerce, biryani experiment, and quick delivery electrify Ola’s planned IPO?
Synopsis
Ahead of going public, Ola has been aggressively launching businesses and has worked hard to show profits in cab hailing. But under the sheen of profitability and expansion is a shrunk core business, a patchy record of diversification, and high churn in the workforce.
In November, three news items appeared about Ola that were unrelated to its frenzied electric-scooter launch. The cab-hailing unicorn sold 1,000 cars on its newly floated used-car exchange platform in two days during Diwali. It piloted a 15-minute grocery delivery. It reported operating profit for the first time. Ola chief Bhavish Aggarwal has been simultaneously orchestrating two events of pivotal importance for both his companies: the
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Sign in to read the full article
You’ve got this Prime Story as a Free Gift
₹399/month
Monthly
PLAN
Billed Amount ₹399
₹208/month
(Save 49%)
Yearly
PLAN
Billed Amount ₹2,499
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
₹150/month
(Save 63%)
2-Year
PLAN
Billed Amount ₹3,599
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
Already a Member? Sign In now
Get Offer
Why ?
![]()
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
![]()
Clean experience with
Minimal Ads-
Comment & Engage with ET Prime community ![]()
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.
