Ola Consumer’s Race Against Time
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In the summer of 2021, Bhavish Aggarwal was arguably India’s most audacious tech entrepreneur.
Ola Cabs (now Ola Consumer), the ride-hailing behemoth he had founded along with a fellow IIT Bombay engineer Ankit Bhati in 2010, commanded a healthy market share in India’s ride-hailing sector.
Backed by SoftBank, Tiger Global and Temasek, it raised $139 Mn at a valuation of $7.3 Bn in late 2021, perhaps the last major round in what was the peak year of funding for Indian startups.
And
Ola Cabs (now Ola Consumer), the ride-hailing behemoth he had founded along with a fellow IIT Bombay engineer Ankit Bhati in 2010, commanded a healthy market share in India’s ride-hailing sector.
Backed by SoftBank, Tiger Global and Temasek, it raised $139 Mn at a valuation of $7.3 Bn in late 2021, perhaps the last major round in what was the peak year of funding for Indian startups.
And
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