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Unicorn · 3 October 2026Ola ElectricMobility and EV groupolaelectric.com ↗

Ola investors see holdings lose value

By ·

UnicornMobility & LogisticsBengaluru
  • Ola is Bhavish Aggarwal's group behind the cab app run by ANI Technologies and the Ola Electric scooter maker
  • Backers including SoftBank, Warburg Pincus, Temasek, Tiger Global and Z47 have seen their stakes fall sharply from peak value
  • Ride-hailing faces stronger rivals Rapido and Uber, while the scooter maker has lost market share; some investors sold shares earlier

What happened

  • Several big investors now hold Ola stakes worth far less than at the peak.
  • Ola Cabs is losing ground to Rapido and Uber.
  • Ola Electric has a falling two-wheeler market share.
  • Revenue is declining at both businesses.
  • Some investors sold shares before the value dropped.

Why it matters

  • Shows how fast competition can erode a once-leading startup.
  • Marks a sharp change for backers who funded Ola's growth years.

The business

  • Ola Cabs, run by ANI Technologies, is a ride-hailing service.
  • Ola Electric makes electric two-wheelers.

The founders

BA

Bhavish Aggarwal

Founder
in

Who put in money

Up against

RapidoUber

Read it as a card in the app

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