On the whole, up to 25% of drivers on Ola and Uber could leave over the coming months, according to the current and former Ola executives. But both Ola and Uber are contending with the aggressive expansion of Didi Chuxing, the Chinese transportation giant and a small shareholder in Ola. Ola executives said that the company will invest heavily to win in London, hoping that its early momentum continues. Conglomerate liteApart from ANI, the holding company, Ola has raised capital separately through two units: Ola Electric, a unicorn in its own right, and Ola Financial Services. A back-of-the-envelope calculation suggests that ANI still has at least ₹2,500 crore in cash, (excluding reserves at Ola Electric and Ola Financial Services).

Source: Mint June 09, 2020 14:23 UTC