Page 9 - Ola
CCI nod for Ola investments by Temasek, Warburg Pincus, founder Bhavish
Competition Commission has given its nod for the proposed investments worth USD 500 million in ride-hailing platform Ola by Temasek, Warburg Pincus and Ola founder Bhavish Aggarwal. ANI Technologies Private Limited offers taxi and auto rickshaw aggregation services under the brand name 'Ola'. The Competition Commission of India (CCI) has approved acquisition of shares by MacRitchie Investments (Temasek), Fort Canning Investments, Plum Wood Investment Limited (Plum Wood) and certain voting rights by Bhavish Aggarwal in ANI Technologies, according to two releases issued on Friday. MacRitchie is an investment holding company and is a subsidiary of Temasek Holdings (Private) Limited. Singapore-based Temasek is an investment company. Fort Canning is also an investment holding company. Plum Wood is also an investment holding company and its shareholders are certain private equity funds managed by Warburg Pincus LLC. The latter, headquartered in New York, acts as a manager to certain priv
 "CCI nod for Ola investments by Temasek, Warburg Pincus, founder Bhavish")
Ola Electric to ride into two-wheeler market with scooter launch on Aug 15
Ola to share full specs and details of the electric scooter and the availability dates on the launch day
 "Ola Electric to ride into two-wheeler market with scooter launch on Aug 15")
Ola rewards employees with Rs 400-cr stocks, expands ESOP pool to Rs 3k cr
The initiative by the SoftBank-backed mobility firm is aimed at long term meaningful wealth creation in the run up to IPO.
 "Ola rewards employees with Rs 400-cr stocks, expands ESOP pool to Rs 3k cr")
Top headlines: IndiGo's losses mount; Ola's Aggarwal takes on Elon Musk
Business Standard brings to you the top headlines on Tuesday
 "Top headlines: IndiGo's losses mount; Ola's Aggarwal takes on Elon Musk")
Ola Cabs CEO Bhavish Aggarwal takes on Elon Musk over EV duty cut
The e-scooter's pre-launch garnered bookings of close to 100,000 in 24 hours
 "Ola Cabs CEO Bhavish Aggarwal takes on Elon Musk over EV duty cut")
Ola e-scooter to start at Rs 85,000; eyes 50% of two-wheeler market
Ola wants to position itself as an attractive alternative to the popular ICE 125 cc scooter range through its own electric offering
 "Ola e-scooter to start at Rs 85,000; eyes 50% of two-wheeler market")
Ola opens bookings for its electric scooter at refundable price of Rs 499
Those who reserve early will get priority delivery
Ola Electric raises $100-million long-term debt to build mega factory
The Ola Futurefactory is coming up on a 500-acre site in Tamil Nadu. At full capacity of 10 million vehicles annually, it will be the world's largest two-wheeler factory
 "Ola Electric raises $100-million long-term debt to build mega factory")
Ola Electric raises $100 mn in long-term debt from Bank of Baroda
The company has claimed this to be the largest long-term debt financing agreement for the Indian EV industry
 "Ola Electric raises $100 mn in long-term debt from Bank of Baroda")
Temasek, Warburg Pincus, Bhavish Aggarwal invest $500 mn as Ola plans IPO
This is amongst the largest investments in the Indian consumer internet space by these funds and is a testament to the robust and resilient business built by Ola
 "Temasek, Warburg Pincus, Bhavish Aggarwal invest $500 mn as Ola plans IPO")
A new green wave of growth
Vandana Gombar assesses the green energy plans of Reliance, NTPC, Tata and Ola
Phase 1 of Ola e-scooter factory nearing completion, rollout soon: CEO
Last year, Ola had announced a Rs 2,400-crore investment for setting up its first electric scooter factory in Tamil Nadu
Covid-19 impact on Ola, Uber lower during second wave; Ola fares better
The mobility sector is amongst the worst hit due to Covid-19 and both Ola and Uber have lost revenue
 "Covid-19 impact on Ola, Uber lower during second wave; Ola fares better")
SoftBank-backed Ola expands leadership team with appointment of new CFOs
G R Arun Kumar joins as the Group CFO for Ola and CFO for Ola Electric, while Swayam Saurabh has come in as CFO for Ola's mobility, financial services and foods biz
 "SoftBank-backed Ola expands leadership team with appointment of new CFOs")
SoftBank-backed Ola completes vaccination for over 50% staff and dependents
The drive is live in Bengaluru where most of its employees are, and will expand to other cities in the weeks ahead as vaccine supplies improve
 "SoftBank-backed Ola completes vaccination for over 50% staff and dependents")
SoftBank-backed Ola strengthens UK Board with senior appointments
Names include luminaries such as S&P Global director Mike Rake who takes over as non-exec chairman and global transport expert Leon Daniels, an independent director
 "SoftBank-backed Ola strengthens UK Board with senior appointments")
Ola to start doorstep delivery of oxygen concentrators to consumers
Ola Foundation, the philanthropic arm of Ola, said it has partnered with donation platform GiveIndia to provide consumers with oxygen concentrators
 "Ola to start doorstep delivery of oxygen concentrators to consumers")
2nd Covid wave expected to impact the business of mobility players in India
Industry executives say the second wave of Covid-19 pandemic may severely impact the business of mobility companies
 "2nd Covid wave expected to impact the business of mobility players in India")
Ola Electric names former GE executive Balachandar as chief HR officer
Balachandar is a 33-year HR veteran who was most recently group director at Coffee Day; earlier stints include GE Healthcare and GE Capital, Strides Arcolabs and Stanchart
 "Ola Electric names former GE executive Balachandar as chief HR officer")
Pressing question before India's tech unicorns: Where to bring an IPO?
Business Standard breaks down key listing requirements in India, in the US and the possibility in a few other scenarios
 "Pressing question before India's tech unicorns: Where to bring an IPO?")
