Ola Stores News Today

Before joining Ola, Gupta worked as the vice president and regional CFO of Asia Pacific, Middle East and Africa of Procter and Gamble for nearly 17 years.

The restructuring comes just a few weeks after Ola Cabs initiated preliminary discussions with investment banks for an IPO.

The firm is planning to take its e-bike business nationally by the end of this year, and expects to complete 0.5 billion rides in 2024

OLA FY23 Revenue: ANI Technologies also houses Olas subsidiaries including Ola Financial, Ola Fleet and Ola Stores. On a consolidated basis, the firm reported Rs 772 crore in loss, while sales income came up to Rs 2,799 crore.

Streaming giant Netflix saw a 24% rise in revenues from India on the back of lower subscription fees in FY23. This and more in todays ETtech Top 5.

Bangalore-based unicorn Ola has announced that it will discontinue its used cars and quick commerce verticals amid growing competition

Ola has decided to close its used car division and its quick commerce business, to focus on its EVs and mobility businesses.

IPO-bound mobility giant Ola is now looking to scale down its food delivery business to focus on quick commerce for the third time.