Summary
Before going public, Ola has been aggressively launching business and has worked hard to show profit in cabs. But under the guise of profitability and expansion is a shrunken core business, a poor record of diversification, and high churn in the workforce.
In November, three news reports emerged about Ola that were unrelated to its frenzied electric-scooter launch. The cab-driven unicorn sold 1,000 cars on its newly floated used-car exchange platform in two days during Diwali. It operated 15 minute grocery delivery. It reported operating profit for the first time. Ola chief Bhavish Agarwal is simultaneously organizing two events of significant importance for both his companies:
By
- font size
abcSmall
abcmedium
abcBig
Sign in to read full article
You got this Prime Story as a free gift
₹399/Month
monthly plan
Billed amount ₹ 399
₹208/Month
(Save 49%)
annual plan
Billed Amount ₹2,499
15 day trial
,DocuBay and TimesPrime subscriptions are included.
₹150/Month
(Save 63%)
2-year plan
Billed amount ₹3,599
15 day trial
,DocuBay and TimesPrime subscriptions are included.
Already a member? Sign in now
Why ,
Exclusive Economic Times stories, editorials and expert opinion in 20+ regions
-
stock analysis. market research. industry trends 4000+ on stock
-
clean experience with
Minimum Advertisement -
Comment and Engage With ET Prime Community -
special invitation to Virtual events with industry leaders -
a reliable team of journalist and analyst Which can best filter the signal from noise
