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News on Medial
Disney+ Hotstar’s Sidharth Shakdher jumps ship to Ola Mobility
Inc42
·
1y ago
Medial
Sidharth Shakdher, the former Disney+ Hotstar executive vice-president and chief marketing officer, has joined Ola Mobility as the new global chief business officer (CBO). He will be responsible for overseeing functions such as revenue, growth, marketing, and new initiatives for Ola’s mobility division. Shakdher, who has over 25 years of experience with companies like Amazon and Samsung, will also handle Ola's new businesses, including ecommerce. His move comes amidst ongoing challenges for Disney+ Hotstar, including losing subscribers and a proposed merger with Reliance falling through.
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Related News
Ola's Sidharth Shakdher joins Paytm as business head
Economic Times
·
9m ago
Medial
Sidharth Shakdher, former Chief Business Officer at Ola Mobility, has joined Paytm to head a business unit within the company. In his new role, he will work with CEO Vijay Shekhar Sharma to scale Paytm's growth and focus on profitability. During his time at Ola Mobility, Shakdher led the core mobility business to profitability and launched various initiatives. Prior to joining Ola, he served in senior positions at Disney+ Hotstar, Amazon, and Reckitt Benckiser. Shakdher brings almost 25 years of experience to his new role at Paytm.
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Ola’s Chief Business Officer Sidharth Shakdher quit: Sources
Inshorts
·
10m ago
Medial
Nine months after joining Ola Consumer (formerly known as Ola Cabs) as its global chief business officer (CBO), Sidharth Shakdher is exiting the startup, sources told Inc42. In his role as global CBO, Shakdher used to oversee Ola’s revenue, growth, and marketing efforts in India, and cab business in international markets.
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Ola group’s continued top-level exits in 2024
Economic Times
·
7m ago
Medial
In 2024, Bhavish Aggarwal's companies, including Ola, Ola Electric, and Krutrim, faced several high-profile executive departures. Key exits included Ola Electric's Suvonil Chatterjee (chief technology officer) and Anshul Khandelwal (chief marketing officer), as well as N Balachandar, Ola group's chief people officer. Ravi Jain, business head of Krutrim AI, also left, alongside others like Sidharth Shakdher (chief business officer) and Kartik Gupta (Ola Cabs' CFO). These resignations were mainly attributed to personal reasons.
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Exclusive: Nine Months After Joining, Ola Consumer’s CBO Sidharth Shakdher Quits
Inc42
·
10m ago
Medial
Shakdher, who was previously associated with Ola Cabs, has resigned to pursue his own endeavors. According to sources, he will be leaving the company in two weeks. Ola Consumer, the rebranded version of Ola Cabs, will soon be announcing a new Chief Business Officer.
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Delhi HC rules against Pocket FM in 'Yakshini' copyright case
Inc42
·
1y ago
Medial
The Delhi High Court has dismissed Pocket FM’s plea seeking an interim injunction against Disney+ Hotstar’s parent company, Novi Digital Entertainment, over alleged copyright violations of its web series ‘Yakshini’. The bench highlighted that the suit was filed only a day prior to the release of the video series on Hotstar without any concrete evidence of copyright infringement.
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IPO-Bound Ola Electric’s FY24 Net Loss Widens To INR 1,584 Cr, Revenue Jumps 90%
Inc42
·
1y ago
Medial
Ola Electric, the electric mobility startup led by Bhavish Aggarwal, reported an increase in net loss for the financial year 2023-24. The company's net loss widened by 7.6% to INR 1,584.4 crore from the previous year. However, Ola Electric's operating revenue surged over 90% to INR 5,009.8 crore during the same period, driven by a substantial growth in vehicle sales. Ola Electric's initial public offering (IPO) is set to open for retail subscriptions from August 2 to August 6.
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It'll help us improve: SpaceX as Starship's 2nd test flight fails
Twitter
·
1y ago
Medial
The parent company’s name has now been changed to Ola Electric Mobility Limited from Ola Electric Mobility Private Limited. The startup, as per previous reports, is looking at a public listing in 2024 and will now file its draft red herring prospectus (DRHP) with the market regulator, SEBI.
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Ola Claims India Mobility Biz Turned EBITDA Positive In FY23, Appoints Hemant Bakshi As CEO
Inc42
·
1y ago
Medial
Indian ride-hailing company Ola announced the appointment of Hemant Bakshi as the new CEO of Ola Mobility and revealed its plans for aggressive growth in various sectors. Ola's India mobility business achieved positive EBITDA of INR 250 Cr in FY23, compared to an EBITDA loss of INR 66 Cr in the previous year. The company reported a 58% increase in revenue for its India mobility arm, reaching INR 2,135 Cr. Earlier this month, Ola's parent company, ANI Technologies, reported a 50% reduction in consolidated net loss for FY23.
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Ola Electric shares surge nearly 16%
YourStory
·
11m ago
Medial
Shares of Ola Electric Mobility surged nearly 16% after the company announced its entry into the electric motorcycle segment with the launch of three models. The stock price jumped to Rs 128.09 on the BSE. Ola Electric Mobility reported a jump in revenue for the April-June quarter and announced partnerships and new ventures. Ola plans to bring its indigenously designed and developed family of chips for AI and general computing to the market by 2026. The company also showcased its new Gen-3 platform for two-wheelers and plans to integrate its own batteries with its vehicles from Q1 FY26.
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Ola's Battery Unit Gets IFCI Notice for Missing PLI Targets: Will It Pay Penalty Now?
OutlookIndia
·
5m ago
Medial
Ola Cell Technologies, a unit of Ola Electric Mobility, received a notice from IFCI for not meeting the Production Linked Incentive (PLI) Advanced Chemistry Cell (ACC) scheme targets. IFCI highlighted a missed milestone under this scheme. As a result, Ola Electric faces a daily penalty, impacting its eligibility for incentives. Ola Electric has begun trial production and aims to become the first to manufacture lithium-ion cells in India under this scheme.
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