Ola’s investors want out. Bhavish Aggarwal won’t let go

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Daybreak

The Ken

611 episodes

5 hours ago

Business news is complex and overwhelming. It doesn’t have to be. Every day of the week, from Monday to Friday, Daybreak tells one business story that’s significant, simple and powerful. Hosted from The Ken’s newsroom by Snigdha Sharma and Rachel Varghese, Daybreak relies on years of original reporting and analysis by some of India’s most experienced and talented business journalists.

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Ola’s investors want out. Bhavish Aggarwal won’t let go

Daybreak

11 minutes

1 week ago

Ola’s investors want out. Bhavish Aggarwal won’t let go

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.

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