Our thread boi on Twitter did not write any thread about OLA electric IPO this time. In case you are wondering why, he works for DeVC which is subset of Matrix Partners and Matrix is an investor in...

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Our thread boi on Twitter did not write any thread about OLA electric IPO this time. In case you are wondering why, he works for DeVC which is subset of Matrix Partners and Matrix is an investor in OLA Electric.

To be honest I was really looking forward to his thread on how OLA EV would shape up.

Rahul Mathur did not write a thread on OLA Electric IPO

Product Manager

Rahul Mathur did not write a thread on OLA Electric IPO- Grapevine

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

Software Engineer

Ola electric stock 8% down after CEO picks up online fight with a comedian 🥲

Bruhhh 

> Have manufacturing defects with your main product
> Go public as the "largest EV 2W company"
> Lose market share as more serious companies enter
> Get into a spat about manufacturing defects rather than fixing them

I can only imagine how institutional investors are reacting to this shit

Corporate Strategist

UX/UI Designer

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

Welcome to Personal Finance's Private Community

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

Welcome to News Discussion's Private Community

- 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

Journalist

In a recent showcase of Indian tech bravado, Ola Electric's CEO Bhavish Aggarwal made headlines with a series of bold claims at the company's Sankalp event. But as the dust settles, industry analysts and tech journalists at Inc42 are questioning whether Ola's electric dreams are more hype than horsepower.

**The Big Picture:**
Ola Electric, fresh off its public debut, is positioning itself as a global EV powerhouse. However, as Inc42's in-depth investigation reveals, the company's transition from startup darling to public entity has brought increased scrutiny, with many of Aggarwal's claims falling short under the harsh light of market realities.

Claims vs. Reality: A Breakdown

1. **"World's Largest EV Company"**
 - Claim: Ola tops the charts globally (*excluding China)
- Reality Check: Inc42 reports that Chinese giant Yadea's 16.5M units dwarf Ola's 300K sales

2. **Market Cap Boast**
- Claim: 5th largest EV company by market cap
- Reality Check: Inc42's analysis shows that even in India, Tata and Mahindra's EV arms boast higher valuations

3. **Revenue Rankings**
- Claim: 4th globally in just three years
- Reality Check: Inc42 points out that Lucid and Polestar report higher figures; Ola's timeline doesn't add up

4. **Manufacturing Milestones**
- Claim: India's first Li-ion cell maker
- Reality Check: Inc42's fact-checking reveals Log9 Materials beat them to market by months

5. **Gigafactory Dreams**
- Claim: 100 GWh capacity in the works
- Reality Check: Inc42's investigation of regulatory filings shows plans for just 20 GWh by 2026

6. **AI Chip Ambitions**
- Claim: India's first AI chip by 2026
- Reality Check: Experts interviewed by Inc42 are skeptical given the complex, time-consuming nature of chip development

**The Startup Hype Machine:**
Inc42's reporting highlights how Ola's case is symptomatic of a broader trend in India's tech scene: the delicate balance between visionary promises and on-ground execution. As more startups eye public markets, Ola's experience serves as a cautionary tale about the perils of overpromising and underdelivering.

**What's Next for Ola?**
With the spotlight now on Ola's ability to deliver, all eyes are on Aggarwal and his team. Inc42's analysis suggests that the coming months will be crucial as the company attempts to bridge the gap between its lofty claims and market realities.

**The Bottom Line:**
While Ola Electric has undoubtedly made strides in India's EV landscape, Inc42's investigation indicates that the company's penchant for grand statements may be doing it more harm than good. As it navigates the public market waters, Ola's success will hinge not just on its ability to innovate, but on building trust through transparent and achievable goals.

In the high-stakes world of EVs, it seems Ola might need to pump the brakes on the hype and focus on delivering the goods. After all, as Inc42's thorough reporting shows, in the race to electrify India's roads, it's not just about who talks the biggest game, but who can actually cross the finish line.

---

This summary is based on original reporting and analysis by Inc42. For the full, in-depth investigation, please refer to the original article at https://t.co/9MxlZm7Nwa

Inc42: Ola Electric's Reality Check – Ambitious Claims Meet Market Scrutiny

Not really an investigation per se but kudos to publications like inc 42 finally calling out founders on their BS. Expect more high profile exits and grapevine posts about the toxic work culture at Ola electric.

Product Marketing Manager

Did Bhavish Agarwal use KRUTRIM to make DRHP for Ola Electric?

OLA Electric DRHP

Founder

- Ola Electric, known for its e-scooters, has set a price band of Rs 72-76 per share for its IPO, translating to a market cap of $3.8-4 billion, which is 25% lower than its 2023 valuation of $5.4 billion. This drop means late-stage investors are likely to incur losses.
- The IPO aims to raise up to Rs 6,146 crore ($734 million), with Rs 5,500 crore ($657 million) from primary capital and Rs 646 crore ($67 million) from secondary share sales. Founder Bhavish Aggarwal will sell the most units, making Rs 303-320 crore ($36-38 million), while the promoter group will retain about 37% control post-issue.
- Anchor investors are expected to subscribe to about 50% of the IPO on August 1, with significant interest from domestic investors like SBI and HDFC mutual funds, and global investors like Fidelity. The valuation was adjusted to $4 billion to attract domestic mutual-fund houses.
- Ola Electric's cap-table includes venture capital firms like Matrix Partners (now Z47), growth tech backers like SoftBank Vision Fund, and state investment firms like Temasek. Strategic investors include Hyundai, Pawan Munjal of Hero MotoCorp, and former Vodafone CEO Arun Sarin.
- The IPO will impact various stakeholders differently: Tiger Global Management, Z47, and RNT Capital are set to see significant returns, while Temasek and crossover firms like Alpine and Tekne Capital may face losses due to the reduced valuation. 

 Source: Moneycontrol

Ola Electric IPO: Matrix, Ratan Tata score big; Temasek in red

Starting a small tradition of our own on Boxing Day: a roast of the Indian startup ecosystem!

Through the year, have seen some of the most Top Kek comments here, and I thought it’d be nice to do this for fun! 

Let’s keep it in good jest, no getting personal 🫣
Looking forward to some really creative burns!

PS: I do realize there’s no real correlation between Boxing Day and actual boxing :)

Boxing Day: A roast of Indian Startups 🥊

A very harsh year indeed 
 Almost 261k techies got laid off, and only 261 got laid :/ 
  
 (Sorry)

What if this was posted in twitter?

Sales Manager

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

Software Test - QA

Welcome to Software Engineers's Private Community

Lately Ola's founder Bhavish has been discontinuing their dependencies on foreign products ranging from their own cloud servers to their own GPT's which people are specualting is just a wrapper over ChatGPT and lately launched their own Ola Maps which is itself a wrapper over OpenStreetMap. 

Will this benefit Indian Companies to compete with the global ones or will it just die down eventually. Ola folks can shed some light on it. 😁

What's your opinion on Ola's nationifacation of their products.

Ola is just doing big cost cutting. If cards played well they can be selling this as an API, cheaper alternatives to the big giants. Not the best but get the job down at a lower price. I am feeling optimistic about this for the only reason is Ola can switch back to the maps or chat gpt anytime they want. They are just building cheaper alternatives not something new.

Software Developer

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?

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

Why tf does he have to pick a fight out of everything and make everything a lafda - off late he's been doing this too much.

Theek hai bhai, start another new thing before fixing existing businesses. Bring in nationalism into everything. Ather toh Made in India hai bhai and yes, they've built a 10x better machine compared to your toy.

Ban jao bhai desh bhakt - congrats on succesfully doing lafda everywhere :)

Saw this tweet in the morning, got so fucking annoyed that put in all the effort to find the marketing spends of Ola Electric from their IPO filings

The restructuring comes just a few weeks after Ola Cabs initiated preliminary discussions with investment banks for an IPO.

Ola Cabs CEO Hemant Bakshi quits, company plans to lay off 10% staff as part of restructuring exercise

OLA is a tough place to work

Heard lots of stories about the person on right. Too volatile, jittery.

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

" but ola has innovation" , " kya matlab founder ke IIT se hone se valuation multiple jayada nhi hona chahiye" , " ola full indian saar. Support ola IPO saar. Lose your money while investors and founder make a lot saar" , " bro but ola founder ne Sanskrit waala chatgpt banaya hai. He sapports indian culture. So higher multiple to Banta hai" . 
  
  
 Prepare to hear this in coming days

Growth Manager

Strange that you need to run ads for this things

Bhavish Aggarwal running Ads on Twitter

The CEO of a listed company wants a comedian to service thousands of substandard Ola bikes.

Funny indeed!!

E-lafda between Bhavish Aggarwal (OLA) and Kunal Kamra

Bhavish Agarwal has done a lot of audacious stuff and I have followed his journey very closely since 2010. First as a passive observer and later through mutuals. Have met him and he’s a fine man. 
  
 This e-interaction of one upmanship will cost dearly to him I’m afraid

Rahul Mathur did not write a thread on OLA Electric IPO

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