Ola never had good word of mouth. It’s their marketing that had worked wonders for them. On the other end of spectrum, we have Ather - always very strong positive word of mouth but zero or none marketing.

Software Developer

Product Manager

NPS = Net Promoter Score. The product seems to be terrible   Why didn’t people think about this before 2Xing this stock at IPO?

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NPS = Net Promoter Score. The product seems to be terrible 

Why didn’t people think about this before 2Xing this stock at IPO?

Ola Electric seems to be the tech product with the least NPS ever

Business Development Manager

Ola Electric seems to be the tech product with the least NPS ever- Grapevine

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In today&rsquo;s Tech3 newsletter, Ola Electric charges up for early 2024 IPO; Indian entrepreneurs wrest control of IAMAI from Big Tech

Tech3 | Ola Electric charges up for IPO; A desi coup at IAMAI; and more

Ola electric going for IPO 😅

- The public offering of Ola Electric was oversubscribed by 4.3 times on Tuesday, August 6, the final day of the issue. The company is raising Rs 6,145 crore ($732 million).
- There was high interest from existing employees, who subscribed to the issue 11.7 times. However, the component reserved for them is the smallest at 0.84 million shares, which comes to about Rs 6 crore.
- Institutional investors, for whom 75% of the issue was reserved, bid 5.3 times the allotted amount. The segment for non-institutional investors, like corporates and wealthy individuals, saw a subscription rate of over 2.39 times.
- Retail participation was relatively strong at 3.86 times.
- Ola Electric’s IPO involves a primary capital raise of Rs 5,500 crore and an offer for sale of Rs 645 crore. Early backers such as Tiger Global, Matrix Partners, and SoftBank are selling their shares in the secondary sale, besides founder Bhavish Aggarwal. 

 Source: The Arc - https://thearcweb.com/article/ola-electric-ipo-subscribed-bhavish-aggarwal-ev-86C0N6fuifKQ2LEu

Ola Electric IPO Registers 4.3X Demand

Journalist

Welcome to Indian Startups's Private Community

I’m interviewing with Bounce Infinity for a marketing role. So any from there or friends working there who can say the experience and review ?

Online on glassdoor and ambitionbox - many posted on job insecurity and hire/fire policy
Lack of direction 

But want to hear from ppl who worked or know from there

Bounce Infinity Company Review ?

Consultant

Hero has revenue of Rs. 35,000 crore & profit of rs. 4000 crores.Ola Electric has revenue of Rs 373 crore and loss of Rs  784 crore... OLA Electric (OE) aims 7-8 Bn $ IPO Valuation while Hero has 10 Bn $ valuation

Software Engineer

- Ola Electric's market share dropped to 27% in September from 32% in August, with sales hitting an 11-month low. 
- The company has been facing issues with hardware malfunctions and customer complaints, receiving almost 80,000 complaints monthly. 
- Bajaj Auto is catching up, with its market share doubling over the last two quarters. 
- Ola Electric's share price fell below Rs 100 for the first time since its stock exchange listing in August. 
- Analysts predict Ola Electric's market share could decline to 25% over the next five years due to increased competition and changes in government policies.

Source: [The Arc](https://thearcweb.com/article/ola-electrics-sales-hit-an-11month-low-as-bajaj-gains-market-share-cOwqOlS4GzDBU4my)

Ola Electric Sales Dip as Bajaj Gains Market Share

So recently, I read a lot of posts on Grapevine regarding some startups having no vision, poor management, toxicity etc etc, yet, many of these startups are doing quite a good business. I understand there is no correlation between work culture of a startup and it’s business outcome, but certainly, when a startup has poor management and unclear vision, then it should have troubles. That is not the case.
Ola Electric seems to be doing well, Zomato became profitable and there are a few other MNCs with a similar scenario. As an employee, I really want to understand if we are missing something here, like maybe lack of foresight, or are we being greedy with respect to salary and stuff, or maybe we don’t empathise with founders? Sometimes I really try to understand the perspective of founders, but then nothing can justify pathetic workplace or poor management.

Are we missing something?

Machine Learning Engineer

Any insight into what the price band would be?

Ola Electric IPO

Hardware engineer

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With all these EVs catching fire and Ola not being able to turn a profit, Im curious to know if it really is a solid company or just an investor-money marketing hype? I mean most of the folks I know open Ola LAST, if Uber/Rapido/Blusmart haven’t worked. Ola E is also facing a lot of flak because its EVs are seeing the highest number of incidents. They’ve also had a string of CXOs come and go.

Are Ola + Ola E good companies? Like I’m curious to know what you guys generally think, even from a job perspective.

(PS, for the sake of transparency, I’m a journalist [you can drop me any scoops/leads at backgroundsources@proton.me] but this question has nothing to do with work — i’m seriously, genuinely curious about Ola and Ola Electric and Bhavish Aggarwal. Very few Ola folks speak about the internal goings on at the company)

Are Ola & Ola E good companies?

Is it me or lately linkedin is full of Ola Electric complaints while order book of ola is still decent even after market share decline. 

Who tf is buying ola vehicles.

Linkedin full of Ola Electric issues

Head of Marketing

How did it happen? I researched well before the IPO and everyone was against Ola’s IPO referencing their losses and weak financials. As a result didn’t apply and still regret and think who are those investors giving damn valuations to Ola electric? Like it has grown 70%+ since inception of IPO and everyday I see it reached 20% upper circuit.
On one side people are ranting Bhavesh and Ola while on the other hand they are aggressively purchasing Ola shares.
What do you think about it? Is it a bubble or a missed opportunity?

Ola Electric Post IPO Bull Run

- Ola Electric Mobility Ltd has announced a price band of Rs 72-76 per share for its upcoming IPO, set to open for subscription on August 2.
- The IPO includes a fresh issue of Rs 5500 crore and an offer for sale of up to 84.94 million shares, with the total issue size reaching Rs 6145.96 crore.
- Promoters Bhavish Aggarwal and Indus Trust will be selling 3.79 crore and 41.79 lakh equity shares respectively in the offer for sale.
- The largest shareholder, SVF II Ostrich (DE) LLC, will offload 2.38 crore shares, reducing its stake from 21.98 percent.
- The anchor investor bidding will commence on August 1, with the issue closing on August 6, valuing the company at around Rs 33500 crore. 

 Source: Moneycontrol

Ola Electric Sets Price Band of Rs 72-76 a Share for IPO

Ola Electric IPO: 1st EV company to file for IPO today, first by an auto company in 20 years!

Software Test- QA

Ola Solo Scooter

- Ola Electric Mobility shares debuted on August 9, trading at Rs 76, matching the IPO issue price.
- The Rs 6,154-crore public offer, a mix of fresh issue and offer-for-sale, was subscribed 4.27 times.
- Employees showed strong participation, purchasing 11.99 times the reserved portion.
- The company plans to invest Rs 1,227.64 crore to expand its cell manufacturing capacity and allocate funds for debt repayment, research, and organic growth.
- Both QIBs and retail investors demonstrated robust interest, with QIBs subscribing 5.31 times and retail investors 3.92 times their allotments. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/ola-electric-ipo-listing-stock-market-debut-rs-76-per-share-12791549.html)

Ola Electric Mobility Stock Lists at Rs 76 on NSE

- Ola Electric's operating revenues surged by 93% to Rs 5,010 crore ($603 million) in FY24, while net loss increased marginally by 6% to Rs 1,478 crore ($178 million).
- The company is targeting a valuation of $4.25 billion to $4.5 billion for its IPO, a significant drop from its last private-market valuation of $5.4 billion.
- IPO filings reveal a reduction in the secondary component by 10%, with founder Bhavish Aggarwal cutting his share sale from 47.4 million to 37.9 million shares.
- Key cost items like R&D, employee expenses, and advertising have been kept in check, with R&D expenses down by 25% and employee benefits up by just 3%.
- Ola Electric sold 329,000 vehicles in FY24, achieving 115% growth and maintaining a 45-50% market share in electric two-wheeler sales. 

 Source: The Arc

Ola Electric's Financials Improve Ahead of IPO

- Ola Electric, which recently went public, has seen a significant drop in its market share in the electric two-wheelers segment over the past two months.
- The company's market share fell to 39% in July and further to 33% in August, according to Jefferies.
- TVS regained market share, reaching 19% in August from 15% in Q1 FY25, while Bajaj's share rose to 18% in August.
- Despite the decline, Ola Electric remains the dominant player, having sold 3,29,618 scooters in FY24, nearly double from FY23.
- Ola plans to launch affordable electric motorcycles by Diwali next year, maintaining its lead in the market. 

 Source: [Entrackr](https://entrackr.com/2024/08/ola-electric-market-share-drops-more-than-30-in-last-two-months/)

Ola Electric Market Share Drops Over 30% in Two Months

Apparently this company is planning to go head to head against openai and Google as an AI chat app using India's data resources. What do you all think about this?

Krutrim - Bhavish Aggarwal's  new venture

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Post IPO it's almost 2x

HSBC raised Target Price to 140

What's your take guys especially seeing their future plans of bike n cars!

Desi tesla loading ✌️🚀💎

OLA electric is the next decacorn? ⚡ ⚡

Senior Consultant

- Ola Electric, led by Bhavish Aggarwal and backed by Softbank, is preparing to launch its IPO in the first half of August.
- This IPO will be the first by an Indian EV two-wheeler maker, marking a significant milestone for India's auto sector.
- The company aims to raise around $740 million through a mix of fresh issue and offer for sale.
- The targeted post-money valuation is between $4-4.25 billion, providing a lucrative opportunity for investors.
- This move could encourage other EV companies like Ather Energy to explore similar value unlocking strategies. 

 Source: Moneycontrol

Ola Electric seems to be the tech product with the least NPS ever

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