A naukri.com initiative
Inc42
1w
192
Image Credit: Inc42
Ola Electric’s Feb Math Goes Wrong, Tech Stocks Bleed & More
- Ola Electric allegedly included 'unlaunched' vehicles in its February sales figures to boost market share, drawing scrutiny from Indian regulators.
- Regulators have asked Ola Electric to revise its data and warned of potential adverse action as discrepancies surface in sales figures vs. actual vehicle registrations.
- The EV maker is also under investigation for operating stores without valid trade certificates and facing complaints about service quality.
- Ola Electric stock plummeted over 13% to a record low after the sales controversy, down 45% since its IPO listing in August 2024.
- Ten new-age tech stocks hit fresh lows amid global trade war fears; Delhivery saw a 5% rise post news of Ecom Express acquisition.
- Juspay secures $60 Mn funding, boAt makes a second IPO attempt, Bare Anatomy raises INR 136 Cr, and Easebuzz nets INR 257 Cr in funding rounds.
- Nykaa projects continued growth momentum in Q4 of FY25, while Turtlemint eyes a $250 Mn IPO later this year.
- Swiggy faces a tax notice in Maharashtra, and Phot.AI helps ecommerce brands streamline visual content creation using AI-powered tools.
Read Full Article
11 Likes
For uninterrupted reading, download the app