Summary
The stock markets haven’t shown much enthusiasm for ride-hailing companies. Globally, while investors are giving marginal importance to such businesses, Ola faces its own unique challenges amid changing domestic market conditions.
Cab-hailing market leader Ola with its initial public offering (IPO) plans is facing lack of market enthusiasm, internal ruckus and core business plateau. Bengaluru-based startup CEO Bhavish Aggarwal is betting on aggressive launches of new businesses to position it as a tech platform with multiple revenue streams to help domestic investors looking for pie in the Indian consumer stand out.
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