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Bhavish Aggarwal is reportedly planning to transfer the intellectual property (IP) rights for the Ola brand to a new holding company controlled by his family office. The proposed transfer has raised concerns among ANI investors, who fear losing out on the royalty income. ANI Technologies operates the group’s ride-hailing business and the brand IPs. Notably, Ola’s electric vehicle arm Ola Electric licences the brand IPs from ANI Technologies for a fee

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It’s a disaster if the news about Bhavish transferring “OLA” brand IP to his personal family office is true. You see, in 2019, when Ola Electric had been hived out of Ola Cabs, the new entity had signed a deal with Ola Cabs parent (ANI Technologies)

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