Ola IPO drum roll starts again: inside Bhavish Aggarwal’s electric dream and eclectic interests
Synopsis
As a long and hard funding talk comes to a close, Ola Electric founder Aggarwal is setting things in motion for an IPO in the next eight months. But Ola has often fallen short of its own ambitious targets. The Ola Cabs IPO, announced in mid-2021, is almost forgotten now.
After a 15-month lull, conversations surrounding Ola group’s fundraising, valuation, and public-listing plans have resurfaced with new vigour. It started frequenting headlines a fortnight ago with the news of Ola Electric closing a new round of funding. This was immediately followed by the scooter maker’s plan for a mega public listing.ET Prime reported last week that along with existing investor Temasek, Infosys founder Narayana Murthy’s
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