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Ride-Hailing Major Ola Consumer Puts IPO Plans In Speed Lane

  • Ride-hailing major Ola Consumer is reportedly fast-tracking its plans for an initial public offering (IPO).
  • The company has sought investor approval to become a public entity and is finalizing the selection of bankers to handle the IPO.
  • Founder and CEO Bhavish Aggarwal will continue to lead Ola Consumer's operations.
  • In the first quarter of FY25, Ola Consumer recorded a gross order value of INR 3,000 Cr, with the core mobility vertical contributing 77% to the revenue.

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