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Ola’s investors want out. Bhavish Aggarwal won’t let go
Manage episode 516414342 series 3423246
Ola’s ride-hailing business is losing speed. Its market share has dropped from 45% in 2018 to around a quarter today and investors are running out of patience. Some even explored a merger with Rapido in late 2024 but the talks collapsed.
Bhavish Aggarwal’s focus on Ola Electric and his reluctance to sell have kept the cab business in limbo. Leadership churn, shrinking cash reserves, and a collapsing valuation have added to the strain.
So why can’t investors leave and why is Aggarwal refusing to let go?
Tune in.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
Join The Ken as a Podcast Producer and work with India's most ambitious storytellers! We’re creating a podcast about India’s biggest companies, with each episode backed by weeks of deep research. You’ll lead the workflows that turn that research into exceptional narratives and bring the show to listeners around the world. Join us to help shape something exceptional. Check out the details and apply here.
616 episodes
Manage episode 516414342 series 3423246
Ola’s ride-hailing business is losing speed. Its market share has dropped from 45% in 2018 to around a quarter today and investors are running out of patience. Some even explored a merger with Rapido in late 2024 but the talks collapsed.
Bhavish Aggarwal’s focus on Ola Electric and his reluctance to sell have kept the cab business in limbo. Leadership churn, shrinking cash reserves, and a collapsing valuation have added to the strain.
So why can’t investors leave and why is Aggarwal refusing to let go?
Tune in.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
Join The Ken as a Podcast Producer and work with India's most ambitious storytellers! We’re creating a podcast about India’s biggest companies, with each episode backed by weeks of deep research. You’ll lead the workflows that turn that research into exceptional narratives and bring the show to listeners around the world. Join us to help shape something exceptional. Check out the details and apply here.
616 episodes
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