Ola Shuts Down Its Used Car Enterprise To Spend Money On Electric Autos
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The ice cream maker’s board retained its independence when Unilever acquired the agency in 2000. Speaking of the Ola Cars, the brand introduced this used cars platform in October 2021. Last month, the company shut down its operations inside 5 cities when the CEO Arun Sirdeshmukh left Ola. The brand closed its quick-commerce platform, Ola Dash at a time when India’s quick commerce market will witness 15 fold growth by 2025, having a market size of practically $5.5 billion. Ola now aims to take a position more towards its electrical car, cell manufacturing, and monetary services companies. Bengaluru-based mostly ridesharing platform Ola has shut down its used automotive business, Ola Cars in just 8 months of its launch.… Read More