Ola Reports $361M Quarterly Sales, Plans IPO

• Ola Consumer, formerly Ola Cabs, reported a gross order value of $361 million for Q2 2024.
• The company's mobility division accounted for 77% of the GOV, while financial services contributed the rest.
• Ola completed 110 million customer rides during the quarter, ranking third in the mobility space.
• The company is seeking investor approval to go public, with plans for an IPO underway.
• Ola offers various services including ride-hailing, small-ticket loans, and recently launched grocery delivery.

Source: The Arc