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Synopsis
The stock markets haven’t shown great enthusiasm for ride-hailing companies. Globally, while investors are valuing such businesses modestly, Ola faces its own set of unique challenges amid changing domestic market conditions.
Cab-hailing market leader Ola is pushing ahead with its initial public offering (IPO) plans in the face of tapering market enthusiasm, internal rumblings, and plateauing core business. The Bengaluru-based startup’s CEO Bhavish Aggarwal seems to be betting on aggressive launches of new businesses to position it as a tech platform with multiple revenue streams to attract domestic investors looking for a pie in the unfolding Indian consumer
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