Ola Electric’s Market Share Declines Amid Rising Competition from TVS and Bajaj Ola Electric has enjoyed a strong presence in India’s electric two-wheeler market. However, according to a recent report by Jefferies, Ola Electric’s market share has taken a hit. The company’s market share fell from 49% in the March-June quarter to 33% in August…
Oyo Rooms, a well-known name in the budget hotel industry, has achieved a major milestone. The company has reported its first-ever profit after tax (PAT) of Rs. 229 crore for the financial year 2023-24 (FY24). This accomplishment is particularly significant, as it comes after a steep 75% drop in Oyo’s valuation. Despite the challenges, Oyo…
Introduction Hyderabad-based all-electric intercity bus start-up Fresh Bus has raised Rs 87.5 crore ($10.5 million) as a part of its Series A funding round. This milestone will massively accelerate the company’s dream of making sustainable and environment-friendly travel solutions across inter-city travel in India. The investment, classified as part of a Series A round, was…
Introduction Ola Electric, led by Bhavish Aggarwal and backed by the big Japanese investment company Softbank, is getting ready for a big event in the first half of August. This event is called an Initial Public Offering (IPO), where the company will sell shares to raise money. This is very special because it’s the first…