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Ola’s ride-hailing business is losing speed. Its market share has dropped from 45% in 2018 to around a quarter today and investors are running out of patience. Some even explored a merger with Rapido in late 2024 but the talks collapsed.
Bhavish Aggarwal’s focus on Ola Electric and his reluctance to sell have kept the cab business in limbo. Leadership churn, shrinking cash reserves, and a collapsing valuation have added to the strain.
So why can’t investors leave and why is Aggarwal refusing to let go?
Tune in.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
Bhavish Aggarwal’s focus on Ola Electric and his reluctance to sell have kept the cab business in limbo. Leadership churn, shrinking cash reserves, and a collapsing valuation have added to the strain.
So why can’t investors leave and why is Aggarwal refusing to let go?
Tune in.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
Creators and Guests
What is Daybreak?
Business news is complex and overwhelming. It doesn’t have to be. Every day of the week, from Monday to Friday, Daybreak tells one business story that’s significant, simple and powerful.
Hosted from The Ken’s newsroom by Snigdha Sharma and Rachel Varghese, Daybreak relies on years of original reporting and analysis by some of India’s most experienced and talented business journalists.