@BoogieMan enjoy here also. Make Bhavish happy.

Consultant

Welcome to Indian Startups's Private Community

Ola gets notice 😆

Analyst

Ola gets notice 😆- Grapevine

Ola is now Gola

Welcome to News Discussion's Private Community

Ola's AI to outdo global players in energy-efficient data centres

Software Test- QA

- Ola Consumer processing nearly 100,000 daily orders across food, quick commerce, and logistics on ONDC
- Food delivery in Bengaluru reaches 20% of Swiggy-Zomato's scale, growing 20X in 4 months
- Discounts split: 50% by Ola, 25% by restaurants, 25% by ONDC
- Quick commerce relaunch planned with automated dark stores open to all sellers
- Ola claims to be largest ONDC player, accounting for 20-25% of overall business 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/ola-consumer-nears-1-lakh-daily-orders-on-ondc-bengaluru-food-delivery-at-20-of-swiggy-zomatos-scale-bhavish-aggarwal-12810318.html)

Ola Consumer Hits 100K Daily Orders on ONDC, Challenges Food Delivery Giants

Journalist

- 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

- Shares of newly listed Ola Electric Mobility surged 20% to hit an upper circuit of Rs 109.44 apiece on August 12, extending gains for a second consecutive session.
- The company will hold its first board meeting since listing on August 14, 2024, to declare the Q1FY25 results.
- The IPO was a combination of a fresh issue of Rs 5,500 crore and an offer-for-sale of 8.49 crore shares worth Rs 645.6 crore by existing shareholders.
- In terms of volumes, 14 crore shares changed hands in the morning, lower than the 57 crore shares traded on August 9.
- Ola Electric is gearing up to unveil its first electric motorcycle on Independence Day, with no official details disclosed yet. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/markets/ola-electric-shares-zoom-17-extend-gains-after-upper-circuit-on-market-debut-12793273.html)

Ola Electric Shares Surge 20%, Hit Upper Circuit for Second Day

- The Central Consumer Protection Authority (CCPA) has issued a show cause notice to Ola Electric. 
- The notice pertains to alleged violation of consumer rights, misleading advertisement and unfair trade practices. 
- Ola Electric has been directed to respond within 15 days. 
- This follows a public spat between Ola Electric CEO Bhavish Aggarwal and comedian Kunal Kamra. 
- Ola Electric's shares dropped by 8.31% following the incident.

Source: [Inc42](https://inc42.com/buzz/ccpa-serves-show-cause-notice-to-ola-electric/)

Ola Electric Receives Show Cause Notice from CCPA

Ola giving jobs🫢

Civil Engineer

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Navigating India - The Journey of Ola Maps

https://tech.olakrutrim.com/navigating-india-the-journey-of-ola-maps/

What do you think guys?

OLA maps technical blogs out now!

Software Engineer

- 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

Welcome to Personal Finance's Private Community

OLA is the new Snapdeal

Ola is shutting operations abroad

Growth Manager

Tried ordering from ola foods, payment done, order got accepted, it's been 2hrs didn't receive the food even the restaurant is not picking up the call. 

There's no customer care number for ola foods. 
Do they expect us to mail them & then within 48 hours they will look into the matter.

Ola Food service 🫥🫠

Software Developer

What has Ola got into and Why?!

Fi money throwing shade at Ola and Bhavish :P

Welcome to Office Gossip's Private Community

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?

Will market give tight slap to solo?
It'd be better to stay as joke, solo!

Ola is feeling lonely

YourStory doing more PR for Ola. Meanwhile YS Founder is about to join Ola’s board. Pretend like this is fine :)

It took years for Google maps to bring the services to current level and still have many engineering and support teams across the world just for this segment. Then how could olamaps launch as an alternative. Is it an equivalent?

How could ola bring in olamaps so fast?

Business analyst

Ola is launching and getting into multiple businesses, feels like they are trying to do everything. Thoughts?

Ola gets notice 😆

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