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OLA RESTRUCTURING
Swiggy CEO on failed shareholder vote; Indian firms brace for MythosHappy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in toda...- Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techiesLenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.
- Ola Consumer turns free cash flow positive in H2 FY26 post biz rejigIndia's oldest cab aggregator, Ola Consumer, has achieved free cash flow positivity in the second half of FY26, marking a significant turna...
- H-1B selection rate rises; VC IPO windfall in 2025There is a notable rise in H-1B selection rates, even as the number of petitions decreases. This and more in today’s ETtech Top 5.
- PhonePe IPO freeze & its impact; Startup Mafia 3.0Happy Tuesday! PhonePe has deferred its IPO, signalling a broader chill in startup listing plans. This and more in today’s ETtech Morning D...
- Ola Electric plans Rs 2,000 cr fundraise for battery armOla Electric is raising up to Rs 2,000 crore by selling a stake in its battery unit, Ola Cell Technologies. This move aims to strengthen it...
- Ola trims its realty footprint to recalibrate operations, cut costsThe company has given up over 112,000 sq ft at Prestige-RMZ Startech in Koramangala, giving up the entire seventh and eighth floors in Towe...
- Exclusive: Ola brand IP may transfer to Bhavish Aggarwal’s family office amid group restructuringANI Technologies operates the group’s ride-hailing business and holds the brand IP, which is currently licensed to Ola Electric, a separate...
- Ola CFO Kartik Gupta steps down two weeks after CEO exitKartik Gupta, Ola's CFO since November 2023, is stepping down just two weeks after chief executive Hemant Bakshi left the firm.
- Ola Cabs brings back Ankush Aggarwal to its ride-hailing bizAmid top-level changes at Ola Cabs, founder Bhavish Aggarwal’s brother Ankush Aggarwal has returned to the ride hailing business after a st...
- Ola Cabs CEO Hemant Bakshi resigns; company to layoff 200 employeesOla Cabs' CEO Bakshi leaves. This comes as the firm is preparing to file draft listing papers in the next three months.
- Ola Electric converts into public limited company ahead of IPO filingThe conversion of a private limited company into a public company is a mandatory step for a firm that wants to list on the stock exchange. ...
- Ola Electric cuts 200 jobs; plans to hire 3,000 to focus on non-software engineering domainsOn the other hand, Ola Electric said it "currently has around 2,000 engineers and aims to increase its engineering talent pool to 5,000 ove...
- Ola Electric to open "experience centres" to bolster scooter salesThe company had said earlier that it was at the forefront of disrupting traditional automotive distribution channels by selling directly to...
- Ola to lay off 1,000 employees while hiring aggressively for EV bizThe entire restructuring exercise – which is expected to be on for a few weeks more - is to focus more on its electric mobility business, w...
- Ola starts handing pink slips, defers appraisalThe SoftBank-backed firm has started laying off employees across functions, said people in the know, but did not share the number of job cu...
- Ola strengthens leadership teams at various verticals ahead of IPOThe appointments are the latest in a continued churn in leadership at Bhavish Aggarwal-led Ola Group ahead of its potential IPO — for which...
- Ola restructures operations, plans IPO amid staff downsizingOla is looking at listing on Indian bourses in the next 18-24 months, and profitability would be an important criteria for the process. Ola...
- Ola lays off 700 employees, shuts down TaxiForSure businessSince the acquisition, Ola has been silently shutting down TaxiForSure as an independent brand across various cities and has been integrati...
- Ola to go for business restructuring to step-up focus on core-taxi serviceThe company, which shut Ola Cafe and Ola Store earlier in March, may have to lay off a few employees, especially in these categories as par...
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