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News on Medial
After Bhavish Aggarwal’s dream IPO, how high will Ola’s stock rise?
Livemint
·
11m ago
Medial
Ola Electric, India's largest electric two-wheeler maker, is facing challenges with its service center in Delhi being inundated with damaged scooters, leading to frustrated customers and delays. Despite these issues, Ola recently had a successful IPO, raising over ₹6,146 crore, and its stock has experienced a dizzying rally. However, concerns remain about Ola's profitability and competition from legacy manufacturers. The company's path to profitability lies in its entry into the electric motorcycle market and its indigenous lithium-ion cell production. Analysts believe that Ola's ability to turn a profit and navigate these challenges will determine its long-term success.
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Ola’s House Of Unicorns
Inc42
·
1y ago
Medial
Bhavish Aggarwal, the founder of Ola, is set to take Ola Electric public, marking the first IPO in a series expected to come from the Ola group. After the listing, Ola Electric will become the first auto sector company in two decades to be listed on the exchanges. Aggarwal's attention will likely shift to Ola, Krutrim, and the company's new verticals following the IPO.
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Fact-Checking Ola’s Sankalp: Do Bhavish Aggarwal’s Claims Hold Up?
Inc42
·
11m ago
Medial
Ola Electric CEO Bhavish Aggarwal made ambitious claims during the recent Ola Sankalp event. However, previous targets set by the company were not met, raising doubts about their plans for a 100 GWh Gigafactory and AI chip development. Ola's previous electric car plans, announced in 2022, were also eventually abandoned in 2024. These new claims appear equally doubtful in light of their past performance.
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Bhavish Aggarwal’s Inner Circle: The Key People Driving Ola Electric
Inc42
·
11m ago
Medial
Ola Electric, the subsidiary of Ola, is aiming to create a vertically integrated EV stack. The company includes three major components: manufacturing, battery or cell manufacturing, and EV infrastructure such as charging stations. Ola Electric's stock price reached an all-time high shortly after its listing but has now settled around the INR 110 mark. CEO Bhavish Aggarwal and Ramkripa Ananthan and Vishal Chaturvedi are among the key figures in the company, while there have been recent exits in the top management. Ola Electric sold 3.26 lakh two-wheelers in FY24 but also faced a net loss of INR 1,584 Cr.
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Ola CEO Bhavish's listing day gains highest as compared to other startup founders
Internet
·
12m ago
Medial
Ola Electric CEO Bhavish Aggarwal's net worth rose by ₹2,010 crore after the company's shares listed on the stock exchanges on Friday. Compared to his peers, Bhavish added the most to his wealth on listing day. Falguni Nayar became richer by ₹1,879 crore through her family trust after Nykaa's market debut, while Deepinder Goyal gained ₹1,847 crore after Zomato's IPO.
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SoftBank-backed Ola Electric lists at 10% premium
The Arc Web
·
12m ago
Medial
Ola Electric's IPO saw its shares rise 10% on the first day of trading, peaking at Rs 83.8 against an IPO price of Rs 76. The company's market cap reached close to Rs 36,900 crore, about 10% higher than the IPO valuation but still lower than its previous private valuation. Founder Bhavish Aggarwal and his family now own 33% of the company, making him a billionaire with over $1.45 billion in liquid stock. Early backers, including Tiger Global and SoftBank, have also begun offloading their shares.
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Swiggy shares rise 13% in biggest single-day surge since listing
Inshorts
·
3m ago
Medial
Swiggy's shares closed 12.61% high at ₹343.85 on Monday, marking the biggest single-day rise since its IPO. The e-commerce platform's stock is still down 36% so far in 2025 despite the surge. Swiggy had earlier announced the expansion of its quick food delivery service 'Bolt' to over 500 cities after Zomato had shut down its 10-minute food delivery service.
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Bhavish Aggarwal to earn ₹288 crore from Ola Electric IPO: Report
Inshorts
·
1y ago
Medial
Ola CEO Bhavish Aggarwal could earn ₹288 crore from Ola Electric's ₹6,146-crore IPO, a report said. The IPO, which will open on Friday, has a price band of ₹72-76. Bhavish currently holds over 1.3 billion equity shares in Ola Electric, representing a 36.94% stake. Notably, Ola Electric's investor Z47 will reportedly get 824% returns from the IPO.
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Bhavish Aggarwal’s AI startup raises $24 Mn debt from Matrix
Entrackr
·
1y ago
Medial
Bhavish Aggarwal, co-founder of Ola, has secured a $24 million debt funding for his AI startup Krutrim SI Designs from Matrix Partners. The company plans to issue debentures worth Rs 197 crore ($24 million) to raise funds, with potential investments of up to $100 million. Krutrim SI Designs will likely assist Ola Electric in developing and supporting its operations. The AI sector has gained significant interest, with India also focusing on chip production to capitalize on the AI trend.
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Bhavish Aggarwal’s AI unicorn Krutrim launches chatbot to take on ChatGPT, Gemini
Thehindubusinessline
·
1y ago
Medial
Indian AI start-up Krutrim, backed by Ola founder Bhavish Aggarwal, has launched its AI chatbot in public beta. The company aims to become India's first AI unicorn by 2024 after securing $50m funding. Krutrim's AI models can comprehend over 20 Indian languages and generate text in 10 languages including Tamil and Malayalam. The start-up plans to release a more advanced version of the chatbot later this year, with a focus on multimodality and advanced problem-solving capabilities, while also working on AI infrastructure and manufacturing AI-optimised chips.
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Breaking: Ola Electric Gets SEBI Approval For INR 5,500+ Cr IPO
Inc42
·
1y ago
Medial
Ola Electric, led by Bhavish Aggarwal, has received approval from the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO). The IPO will include a fresh issue of INR 5,500 crore and an offer for sale (OFS) component of up to 9.51 crore shares. The company filed its draft red herring prospectus in December 2021 and is aiming for a listing on the stock exchanges within a month.
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