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Synopsis
Ahead of going public, Ola has been aggressively launching businesses and has worked hard to show profits in cab hailing. But under the sheen of profitability and expansion is a shrunk core business, a patchy record of diversification, and high churn in the workforce.
In November, three news items appeared about Ola that were unrelated to its frenzied electric-scooter launch. The cab-hailing unicorn sold 1,000 cars on its newly floated used-car exchange platform in two days during Diwali. It piloted a 15-minute grocery delivery. It reported operating profit for the first time. Ola chief Bhavish Aggarwal has been simultaneously orchestrating two events of pivotal importance for both his companies: the
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