BHAVISH AGGARWAL

OIa Electric rights issue: Last day to buy EV scooter maker’s shares to be eligible for Rs 1,000 crore rights issue

The Bhavish Aggarwal-led company last week fixed the issue price for its rights issue at Rs 27 per equity share, around 23% lower than the stock’s previous closing price of Rs 35.13 apiece on NSE, with the amount payable in two calls.

Startup of the Year Groww bets on scale; Qcomm sparks festive credit surge

Happy Thursday! Groww is betting its newer businesses will take a bigger slice of its income. This and more in today’s ETtech Morning Dispatch.

Two-wheeler maker Ola Electric fixes Rs 1,000 crore rights issue at Rs 27 per share

The company’s board approved the terms on Wednesday, a week after it had announced plans to raise up to Rs 1,000 crore through a rights issue without finalising the price and other key terms.

Ola Electric board approves rights issue at 26% discount; shareholders to pay in two calls

Ola Electric has announced a rights issue price of Rs 27 per share, significantly below its market value, aiming to garner up to Rs 1,000 crore. Investors will pay 60% of this amount upfront, with the remainder due later. Chairman Bhavish Aggarwal intends to fully subscribe to his portion, using a pledged stake. This funding could ease debt burdens and assist the company in achieving cash breakeven.

Ola Electric defers board meeting on Rs 1,000 crore rights issue

The company had said in a separate filing on Sunday that CEO Bhavish Aggarwal pledged a 4.32% stake in the company to participate in the rights issue.

Menlo Ventures on AI slowdown; Ola Electric CEO pledges stake

Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This and more in today's ETtech Morning Dispatch.

Ola Electric promoter Bhavish Aggarwal pledges 4.32% stake to fund rights issue

Last week, Ola Electric’s board approved a rights issue of partly paid-up equity shares to raise up to Rs 1,000 crore. The board is yet to finalise key terms of the issue, including the total number of shares, issue price, timing and payment terms.

Investors’ bets on Ola shrink as EV, ride-hailing businesses lose ground

As competition intensifies, SoftBank Group and fellow investors in Ola are grappling with a substantial reduction in their holdings' valuations. Ola Cabs is increasingly losing ground to competitors like Rapido and Uber, alongside a notable decline in Ola Electric's electric two-wheeler market share. While the company confronts financial hurdles and operational setbacks, a number of investors successfully realized returns through strategic share sales prior to value drops.

Piyush Goyal to headline ET Startup Awards; The Souled Store eyes fundraise

Happy Tuesday! Meet our distinguished guest of honour for The Economic Times Startup Awards 2026. This and more in today’s ETtech Morning Dispatch.

Ola Electric shares tumble 9% after 17% rally in 4 days. Why brokerages remain cautious

Ola Electric shares fell sharply on Friday, snapping a four-day winning streak as investors assessed the EV maker’s proposed rights issue and ongoing funding needs. Despite a recent recovery, the stock remains well below its peak. Brokerages including Citi and Kotak continue to maintain bearish views, citing operational and cash-burn concerns.

Ola Electric shares up 88% from record low: What’s behind the gains?

Shares of Ola Electric surged by 2.5% after a streak of five days of increases, yet they remain below previous peaks. The company has earned incentives of Rs 536.3 crore under the PLI scheme. Additionally, Ola Electric is set to raise Rs 1,500 crore and shift to a dealership approach.

Ola Electric shares soar 10%, stock rallies 86% in 6 months. More upside ahead?

Ola Electric shares surged nearly 10%, extending their three-session rally and gaining over 86% in six months from the March low. Brokerages, however, remain cautious amid weak volumes, lower margins and continued cash burn.

Ola Electric shares surge 7%. What’s triggering the sharp uptick in EV major?

Ola Electric shares rallied on Thursday as value buying emerged after three consecutive sessions of decline. Around 6.87 crore shares worth Rs 270 crore were traded. The buying interest followed the company’s launch of its first batch of dealer-operated stores.

Ola Electric opens first dealer-led stores across India

Ola Electric has launched its first dealer-operated stores across India. This strategic shift aims to deepen its product ecosystem nationwide. The company plans to establish over 500 dealerships in coming months. Ola Electric is facing declining sales and market share amid competition. BVR Subbu rejoins as senior advisor to support this network rollout.

'Have self respect, don't fleece company': Amid job cuts, Ola CEO Bhavish Aggarwal warns employees over poor attendance. Read full letter

Ola CEO Bhavish Aggarwal addresses poor employee attendance. He warns of stricter measures starting Monday. Ola is also cutting 500 jobs to improve profitability. Meanwhile, Ola Electric plans major expansion. They aim to increase stores from 800 to 4,000 by December 2024. This expansion includes new service facilities.

EVs across different categories will be at par or cheaper than ICE products soon: Bhavish Aggarwal

Bhavish Aggarwal of Ola Electric announced that their S1 X scooters are priced to compete with ICE scooters. Ola quickly went public and focuses on leading India's EV future through vertical supply chain integration. The company aims to achieve price parity between EVs and ICE vehicles soon, with ongoing advancements in lithium cell production.

Ola founder Bhavish Aggarwal becomes one of India's youngest billionaires after IPO

Aggarwal, 38, will add $1.2 billion to his wealth if his SoftBank Group Corp.-backed Ola Electric lists Friday in Mumbai at the lowest end of the price band at 72 rupees ($0.86) a share, giving the entrepreneur a net worth of $2.3 billion, according to the Bloomberg Billionaires Index. Ola Electric did not immediately respond to requests for comment on Aggarwal’s net worth.

Ola CEO Bhavish Aggarwal's 3 controversial statements: 70-hour work week to Saturday Sunday debate

'Kurta is cool': Ola CEO Bhavish Aggarwal urges Indian entrepreneurs to wear Indian dress over western attire

Ola CEO Bhavish Aggarwal recently discussed various topics in an ANI podcast, including digital data ownership and his company's Krutrim AI platform. He advocated for young professionals to wear kurtas, emphasizing their comfort and elegance. Aggarwal also supported Infosys co-founder Narayan Murthy’s advice on a 70-hour workweek, expressing alignment with the commitment needed to succeed in the startup ecosystem.

Hope this 'pronoun illness' doesn’t reach India: Ola CEO Bhavish Aggarwal on gender pronouns

BJP spokesperson Pratul Shah Deo accused the Congress of involvement in black money operations after the Enforcement Directorate recovered over Rs 20 crore from the household help of Sanjiv Lal, Personal Secretary to Jharkhand Rural Development Minister Alamgir Alam, a Congress leader. Deo called for action from the Election Commission, suggesting that the large sum could be linked to attempts to influence ongoing elections. He emphasized the need for the swift arrest and interrogation of Alamgir Alam to uncover the source and intent behind the seized funds.

Ola chief Bhavish Aggarwal floats new company, likely to enter AI space

This April, Bhavish Aggarwal registered a new company named Krutrim SI Designs Private Ltd. He and Tenneti Venugopala Krishnamurthy are the only two directors of the new company, which was incorporated on April 5

'Absolute rubbish, we will never merge': Ola CEO Bhavish Aggarwal on reports of merger talks with Uber

Bhavish Aggarwal said in a tweet that Ola is very profitable and growing well and if some other companies want to exit their business from India they are welcome to.

Ola gets CCI nod for investments by Temasek, Warburg Pincus, founder Bhavish Aggarwal

The Competition Commission of India (CCI) has approved acquisition of shares by MacRitchie Investments (Temasek), Fort Canning Investments, Plum Wood Investment Limited (Plum Wood) and certain voting rights by Bhavish Aggarwal in ANI Technologies, according to two releases issued on Friday.