Ola IPO

Ola Electric IPO likely to open on August 2

Ahead of IPO, Ola Cabs CFO Hemant Bakshi quits firm days after CEO’s exit

Hemant Bakshi, CEO of Ola Cabs, has stepped down from his position barely four months after joining.

Ola aims NBFC acquisition to broaden financial services business: Report

Ola is asserted to be in conversations to buy at least 3 companies to expand its engineering, product as well as loan management facilities to aid the rapid development in the financial services business

Ola selects Citigroup Inc, Kotak Mahindra Bank to manage Mumbai IPO: Report

According to people familiar with the matter, Ola has selected banks that could raise about $1 billion.

IPO bound Ola raises $500 million from Temasek and Warburg

The fundraising comes at a time when Ola's business has been struggling due to the COVID-19 pandemic which has had an adverse effect on the mobility sector.