According to insiders, Ola intends to initiate the IPO process by filing requisite papers with the country's market regulator within the next three months. While the sources opted for anonymity due to the confidentiality of the matter, they revealed Ola's ambitious plans to attain a company valuation of approximately USD 5 billion through this offering., Companies News - Times Now
Ola will be shutting down its overseas business in three countries to focus on Indian business and also expand operations in this country, where it sees more opportunities.
Ola CEO Bhavish Aggarwal took to Twitter to announce the upcoming service and highlight its benefits, including access to the best drivers, top-notch cars, and a hassle-free experience without cancellations or operational issues