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Ola Electric: Ola Electric s ₹5,500cr IPO Gets Sebi Nod | Mumbai News

Ola Electric has received approval from Sebi for its IPO, making it the first electric vehicle firm in India to go public. The company plans to raise Rs 5,500 crore through issuance of fresh shares and aims for a valuation of $7-8 billion. The IPO includes selling shares from 10 shareholders, including promoters Aggarwal and Indus Trust, SoftBank, and Matrix Partners.

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Ola Electric layoffs: Ola Electric eyes leaner road to profitability, to cut 400-500 roles

Ola Electric, eyeing an IPO, is reportedly trimming its workforce by 400-500 employees to streamline operations. This number may change as the senior leadership is still concluding the scale of the layoffs. They are expected to hit multiple verticals, sources told ET.

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Brands by scions attract VC money; Ola Electric layoffs

Happy Monday! A new wave of brands founded by second generation entrepreneurs is snagging venture capital. This and more in todays packed edition of ETtech Morning Dispatch.

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Ola Electric logs 49 per cent share in electric 2-wheeler market in May

Ola Electric logs 49 per cent share in electric 2-wheeler market in May
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IT firms trim bench strength; GCCs focus on compliance

Happy Thursday! The countrys top IT firms have seen a massive drop in their bench strength, i.e. employees not on active projects. Find out why and more in todays ETtech Morning Dispatch.

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