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Vanguard slashes Ola's valuation by another 29% to $1.88 billion
The US-based investment management firm Vanguard has adjusted the valuation of the mobility company Ola to $1.88 billion. Photograph: Shailesh Andrade/Reuters This represents the third markdown......
Cloud kitchens: The future of India's food biz
The cloud kitchen market in India will hit $1.05 billion by 2023.Just 13% of the total market has been utilised so far.Veer Arjun Singh and Dhruv Munjal report. IMAGE: A waiter with a protective......
Before IPO, Ola to realign various businesses
According to sources in the know, this exercise would result in reduction of its workforce by around 300 people, which is roughly 5-8 per cent of its overall headcount. Ride-hailing major Ola is......
Zomato, Swiggy agree to resolve issues raised by restaurant body
Both of them deduced issues of deep discounting, high and uneven commission charges, data masking and mandatory bundling of services which are crippling the restaurant industry. Illustration: Uttam......
Ola may put international expansion plans in neutral gear
Ola was supposed to expand to the Netherlands, Kenya, Dubai, Israel, and Brazil. Ola may be preparing to hit pause on its international market expansion, said two people with knowledge of the......
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