#Ola Cabs IPO

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OLA's IPO googly - for 2024 !?!?

Please be check while applying for the OLA IPO… Check whether you are applying for the OLA CABS Company IPO or the OLA Electric Company IPO. Both are DIFFERENT companies and both are as different as chalk & cheese. Competition: Ola Cab Company has stiff competition from Uber and other regional cab companies. Such competition leads to a downwards price war. There are bans and protests conducted…

[johnthejacobs]

Phenomenal Ola Cabs Share Price Surge

Introduction

In the fast-paced world of ride-hailing services, one company's meteoric rise has captured the attention of investors and industry observers alike. Ola Cabs, with its innovative approach to transportation and unwavering commitment to customer satisfaction, has experienced a remarkable surge in Ola Cabs Share Price, marking a significant milestone in its journey towards becoming a dominant player in the market. ANI Technologies Private Limited, commonly known as "OLA," along with its subsidiaries (collectively referred to as the "Group"), emerges as a prominent technology-driven service provider in the burgeoning cab-hailing market of India. Established with a noble mission to extend mobility solutions to a billion Indians, ANI stands out as one of the frontrunners in offering internet and mobile technology platforms tailored for commuters seeking cab-hailing services.

Distinguished as one of the leading companies in its domain, ANI facilitates seamless cab-hailing experiences through its innovative internet and mobile technology platforms. OLA, a flagship entity of the Group, holds the distinction of being one of the world's largest ride-hailing companies, with a presence spanning over 250 cities across India, Australia, New Zealand, and the United Kingdom. Leveraging its expansive network, OLA provides a diverse array of ride-sharing options, encompassing taxis, bikes, and auto-rickshaws, thereby catering to the diverse commuting needs of millions of customers.

Central to OLA's success is its user-friendly mobile application, which connects clients to a myriad of vehicles, including motorcycles, auto-rickshaws, metered taxis, and cabs. This seamless connectivity empowers both customers and over 1.5 million driver-partners with unparalleled convenience and transparency in their commuting endeavors.

OLA predominantly generates revenue through commission income and convenience fees levied on drivers who enlist on its platform. In the fiscal year 2021, a substantial 86.5% of its revenue stemmed from these sources. Moreover, OLA boasts an extensive pool of over 1.5 million registered drivers on its platform, underscoring its significant market presence and operational scale.

Further bolstering its technological prowess, OLA maintains robust research and development centers, with a notable presence in the United Kingdom. These centers house technical and engineering teams equipped with specialized expertise in product application and development. Notably, OLA Electric, a subsidiary focused on electric vehicles (EVs), has announced plans to establish a dedicated R&D facility in the U.K. with an investment of $100 million over the next five years, underscoring the company's commitment to advancing sustainable mobility solutions.

In the ride-hailing and taxi segment, OLA has witnessed steady user penetration, with figures reaching 7.3% in fiscal year 2022 and projected to rise to 7.5% by fiscal year 2027. Founded in December 2010 by Bhavish Aggarwal and Ankit Bhati, OLA epitomizes a visionary initiative aimed at democratizing mobility for a billion people.

Operating under the brand name "OLA," the Group functions as a privately held entity incorporated and domiciled in India, with its registered office situated in Bengaluru, Karnataka. With its relentless focus on innovation, customer satisfaction, and market expansion, OLA continues to redefine the landscape of urban mobility, exemplifying excellence in the cab-hailing industry.

Ola Cabs: Redefining Urban Mobility

Ola Cabs, often referred to simply as Ola, stands as a pioneering force in the ride-hailing industry. Established with the mission of revolutionizing urban mobility, the company has leveraged cutting-edge technology and forward-thinking strategies to offer convenient, reliable, and affordable transportation solutions to millions of commuters across the globe.

Innovative Services and Solutions

At the heart of Ola's success lies its relentless pursuit of innovation and customer-centricity. Through its diverse range of services, including Ola Micro, Ola Mini, Ola Prime, and Ola Rentals, the company caters to the diverse needs and preferences of its customers. Moreover, Ola's commitment to sustainability is evident in its initiatives such as Ola Electric and Ola Bike, which aim to promote eco-friendly modes of transportation and reduce carbon emissions.

Market Expansion and Strategic Partnerships

Ola's share price surge can be attributed, in part, to its strategic expansion initiatives and partnerships. The company has successfully expanded its presence beyond its home market in India to international destinations such as Australia, New Zealand, and the United Kingdom. Additionally, collaborations with government agencies, automotive manufacturers, and technology firms have bolstered Ola's market position and facilitated its growth trajectory.

Technological Advancements and Customer Experience

Ola's relentless focus on technological advancements and enhancing the customer experience has been instrumental in driving its share price upwards. The company's intuitive mobile app, advanced algorithms, and seamless booking process have set new benchmarks in the industry, garnering praise from both users and industry experts alike. Furthermore, Ola's emphasis on safety measures, driver training programs, and responsive customer support further enhances its reputation as a trusted and reliable service provider.

Financial Performance and Investor Confidence

Ola's robust financial performance and promising growth prospects have instilled confidence among investors, contributing to its share price surge. With impressive revenue figures, expanding market share, and strategic investments in future technologies, the company continues to attract investment interest from both institutional and individual investors. Moreover, Ola's transparent communication and proactive investor relations efforts further reinforce investor trust and bolster its market valuation.

Challenges and Future Outlook

Despite its remarkable success, Ola faces a set of challenges including regulatory hurdles, competition from rivals, and operational complexities. However, with its agile business model, innovative spirit, and resilient leadership, the company is well-positioned to overcome these challenges and capitalize on emerging opportunities in the ever-evolving transportation landscape. As Ola continues to innovate, expand its market presence, and diversify its service offerings, its share price is poised to reflect its continued growth and leadership in the ride-hailing industry.

Conclusion

The phenomenal surge in Ola Cabs' share price underscores the company's unwavering commitment to innovation, customer satisfaction, and sustainable growth. As it continues to redefine urban mobility and expand its global footprint, Ola is poised to maintain its upward trajectory in the ride-hailing industry. With a solid foundation, robust financial performance, and a relentless drive for excellence, Ola Cabs' share price surge is a testament to its status as a trailblazer in the transportation sector.

[freddiemark]

Best Guide For Investor before investing in Ola Share Price

Investing in the Ola Share Price can be a rewarding venture if done right. It's not just about buying and selling; it's about making informed decisions, especially when it comes to companies like Ola, which are widely known for their innovative approach to the transportation industry. Ola, one of the leading names in the world of ride-sharing and transportation networks, has not only revolutionized the way people commute but has also emerged as an attractive prospect for investors. As you contemplate the possibility of investing in Ola Share Price, it's imperative to embark on this journey with a comprehensive understanding of the company and the dynamics of its share price. I will suggest you take consultation from Planify. 

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Ola Electric’s CEO states the focus is on capturing consumer imagination, not just market share, during the Roadster launch

Ola is prioritizing consumer engagement and brand loyalty over market share, according to Co-Founder Bhavish Aggarwal. At a recent event, Ola Electric Mobility Ltd. introduced its first motorcycle lineup—the Roadster series—and teased two additional models.

The company also announced a rebranding of Ola Cabs to Ola Consumers. Aggarwal highlighted that the new electric motorcycles are built on the same platform as their scooters, aiming to enhance operational efficiency and growth. He stated, "As we ramp up production, we’ll leverage our existing factory and investments," noting that the motorcycles will initially have profit margins similar to those of their scooters.

In the June quarter, government policy changes resulted in a Rs 23 crore reversal in the PLI scheme, affecting their automotive segment just as it was nearing Ebitda positivity. Nevertheless, Aggarwal expressed optimism about the EV business, asserting, “We’ve demonstrated that EVs are a sustainable business model.”

Regarding market share, he emphasized that Ola's focus is on winning consumers' hearts by creating engaging products. The new bikes, priced between Rs 75,000 and Rs 2.5 lakh, aim to attract a diverse customer base. He noted that the transition to electric bikes is accelerating, with Ola positioned to lead in this emerging market with limited competition.

Despite reporting a widened net loss of Rs 347 crore for the quarter ending June 30, 2024, up from Rs 267 crore the previous year, Ola saw a 32% increase in revenue to Rs 1,644 crore.

On August 9, 2024, Ola Electric made its debut on the National Stock Exchange of India after an IPO that was oversubscribed by over 4.5 times. Although the stock opened at par, it has risen approximately 71% in just four trading sessions, with a more than 15% increase on Friday.

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India’s Ola Cabs plans $500 mln IPO, to appoint banks soonon April 19, 2024 at 4:28 am

Reuters exclusively reported that Indian ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion. The post India’s Ola Cabs plans $500 mln IPO, to appoint banks soon appeared first on Reuters News Agency.

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Ola Electric IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023

New Post has been published on https://wealthview.co.in/ola-electric-ipo/

Ola Electric IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023

Ola Electric IPO: Ola Electric is a young Indian electric vehicle (EV) company, aiming to disrupt the transportation landscape with its electric scooters and cars. They compete in the rapidly growing Indian EV market, fueled by government incentives and increasing environmental awareness.

Page Contents

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Ola Electric IPO Details:

Ola Electric Company Profile:

Ola Electric Financials:

Ola Electric IPO Objectives:

Ola Electric IPO Lead Managers & Registrar:

Ola Electric IPO Risks:

Ola Electric IPO Details:

IPO status: Not yet launched. DRHP filed with SEBI on December 22, 2023.

Expected timeline: Subscription likely in early 2024, listing soon after.

Offer size: Up to ₹5,500 crore fresh issue and offer for sale of 95,191,195 shares.

Price band: Not yet announced. Targeted valuation is $7-8 billion.

News and Developments:

Positive buzz: Filing the DRHP is a crucial step, generating excitement among investors and analysts.

Funding secured: Recent reports about Ola Electric securing $500 million in loan B financing demonstrate investor confidence.

Gigafactory progress: Progress on Ola’s ambitious Gigafactory project in Tamil Nadu adds weight to their production capabilities.

Market uncertainty: Global economic worries and potential inflation may dampen investor sentiment for risky ventures like IPOs.

Ola Electric Company Profile:

Ola Electric, a name synonymous with India’s electric vehicle revolution, is rapidly carving its niche in the burgeoning industry. Founded in 2017 by Bhavish Aggarwal, the mastermind behind Ola Cabs, Ola Electric has come a long way in its mission to disrupt the traditional transportation landscape. Let’s delve into the company’s history, operations, and market position.

A Brief History of Electrification:

2017: Ola Electric embarks on its electric journey, initially focusing on electric rickshaws.

2019: The company unveils its first electric scooter, the S1, followed by the S1 Pro in 2020.

2021: Ola Futurefactory, the world’s largest two-wheeler manufacturing facility, is inaugurated in Krishnagiri, Tamil Nadu.

2022: Ola launches its electric car, the Ola S1, marking its entry into the four-wheeler segment.

2023: The company files its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its highly anticipated IPO.

Operations and Market Position:

Products: Ola Electric currently offers a range of electric scooters, including the S1, S1 Pro, and S1 Air, along with its flagship electric car, the Ola S1.

Market Share: In the Indian electric two-wheeler market, Ola Electric holds a dominant position, capturing over 50% share in FY23. However, it faces stiff competition from established players like Hero Electric and Ather Energy.

Global Ambitions: Ola Electric aspires to become a global leader in the EV space, with plans to enter international markets like the UK and Australia.

Key Facts and Figures:

Funding: Ola Electric has raised over $1 billion in funding from prominent investors like SoftBank, Temasek, and Tiger Global.

Valuation: The company is currently valued at around $5.4 billion, potentially reaching $7-8 billion after its IPO.

Employees: Ola Electric employs over 10,000 people across its various operations.

Prominent Brands and Partnerships:

Ola Futurefactory: This state-of-the-art facility boasts a production capacity of 20 million electric two-wheelers per year.

Ola Electric Mobility Institute (OEMI): This dedicated institute focuses on research and development in electric vehicle technology.

Partnerships: Ola Electric has partnered with key players like Flipkart, Axis Bank, and Bharat Petroleum to facilitate e-commerce sales, financing options, and charging infrastructure development.

Milestones and Achievements:

Building the world’s largest two-wheeler factory.

Becoming the leading electric two-wheeler manufacturer in India.

Developing and launching its own electric car within a short timeframe.

Competitive Advantages and USP:

First-mover advantage in the Indian electric scooter market.

Vertically integrated operations, including battery production.

Focus on cutting-edge technology and innovation.

Building a robust charging infrastructure network.

Ola brand recognition and established customer base.

Ola Electric’s journey is a testament to its ambition and agility in the dynamic EV landscape. With its aggressive expansion plans, focus on innovation, and strategic partnerships, the company is poised to play a pivotal role in shaping the future of mobility in India and beyond.

Ola Electric Financials:

Revenue: Ola Electric has demonstrated explosive revenue growth in FY23, with total revenue reaching Rs. 2,782 crore, a rise of over 500% compared to FY22. This growth is primarily driven by increased sales of its electric two-wheelers.

Profitability: Despite the remarkable revenue increase, the company continues to incur losses. Net loss in FY23 stood at Rs. 1,472 crore, widening from Rs. 784 crore in FY22. This is mainly due to high operating expenses associated with factory setup, research & development, and marketing initiatives.

Ola Electric IPO Objectives:

Ola Electric’s decision to go public through an IPO is driven by several key objectives, all of which align with its ambitious future growth strategy:

1. Capital Raising: The primary objective is to raise funds, estimated to be around Rs. 7,250 crore, through a combination of fresh issue and offer for sale (OFS). This capital injection is crucial for:

Funding Growth: Ola Electric aims to expand its product portfolio beyond electric scooters, introducing new models and venturing into four-wheeler segments like electric cars and commercial vehicles.

Building Manufacturing Capacity: Scaling up production capacity for existing and future models requires significant investments in infrastructure and technology. Ola’s Futurefactory, while impressive, needs additional resources to meet its long-term goals.

R&D and Innovation: Continued investment in research and development is essential for staying ahead in the rapidly evolving EV landscape. This includes battery technology advancements, autonomous driving features, and other cutting-edge innovations.

Debt Reduction and Financial Flexibility: A portion of the raised funds might be used to repay or pre-pay existing debt, enhancing the company’s financial stability and flexibility for future investments.

2. Enhanced Brand Recognition and Market Credibility: Going public brings Ola Electric under the public spotlight, increasing brand recognition and attracting a wider investor base. This can solidify its position as a leading player in the Indian EV market and strengthen its credibility among potential partners and customers.

3. Access to Talent and Partnerships: A successful IPO can attract and retain top talent, crucial for executing the company’s growth strategy. Public listing also opens doors for potential partnerships with established players in the automotive, technology, and financial sectors.

Ola Electric IPO Lead Managers & Registrar:

Ola Electric has entrusted a consortium of renowned investment banks to act as lead managers for its highly anticipated IPO:

Lead Managers:

Kotak Mahindra Capital Company Limited: A leading financial institution in India with extensive experience in managing large-scale IPOs, including SBI Cards, HDFC Life, and LIC.

Citigroup Global Markets India Private Limited: Renowned global investment bank with a strong track record in IPOs across various sectors, including Zomato, Nykaa, and Paytm.

BofA Securities India Limited: Global leader in investment banking with extensive experience in managing major Indian IPOs like IRCTC, Indian Railway Finance Corporation, and Coal India.

Goldman Sachs (India) Securities Private Limited: Reputable investment bank with deep expertise in handling tech-oriented and high-growth IPOs, including Delhivery, Macrotech Developers, and Policybazaar.

Axis Capital Limited: Leading domestic investment bank with successful involvement in IPOs like Adani Wilmar, Glenmark Life Sciences, and Dixon Technologies.

ICICI Securities Limited: Established Indian financial institution with significant experience in managing IPOs like Sona BLW Precision Forgings, Indigo Paints, and Astral Poly Technik.

SBI Capital Markets Limited: Investment arm of India’s largest bank, SBI, with significant involvement in IPOs like Glenmark Pharmaceuticals, Larsen & Toubro Infotech, and Indiabulls Real Estate.

BOB Capital Markets Limited: Investment banking arm of Bank of Baroda, with experience in managing IPOs like Aavas Financiers, RBL Bank, and Sundaram Asset Management.

Track Record:

These lead managers collectively boast a proven track record of successfully managing complex IPOs in diverse sectors, highlighting their experience, expertise, and network of investors. This expertise provides investors with confidence in the execution and overall success of the Ola Electric IPO.

Registrar:

Link Intime India Private Limited is appointed as the registrar for the Ola Electric IPO. The registrar’s role involves handling shareholder records, managing share transfers, dividend payments, and other administrative tasks related to the issue and trading of shares. This ensures a smooth and transparent process for investors throughout the IPO and beyond.

Ola Electric IPO Risks:

While Ola Electric’s IPO holds immense potential, it’s crucial to acknowledge and understand the inherent risks associated with investing in this high-growth, high-risk venture. Here are some key points for potential investors to consider:

Industry Headwinds: The EV market, despite its promising prospects, faces challenges like rising battery costs, dependence on government subsidies, and the potential for policy changes. These factors could impact Ola Electric’s profitability and growth trajectory.

Company-Specific Challenges:

Profitability Concerns: Ola Electric continues to incur significant losses, raising concerns about its ability to achieve long-term profitability. The company’s ambitious growth plans might further strain its finances in the short term.

Intense Competition: Established players like Hero Electric and Ather Energy, along with potential new entrants, will intensify competition in the Indian EV market. Ola Electric needs to differentiate itself and maintain its market share to achieve sustained success.

Manufacturing and Supply Chain Risks: Reliance on imported components and potential supply chain disruptions can impact production timelines and delivery schedules, affecting the company’s ability to meet demand.

Execution Risks: Implementing Ola’s ambitious expansion plans and future ventures like car production requires strong execution capabilities. Any missteps or delays could hinder the company’s progress.

Financial Health:

While Ola Electric’s revenue growth is impressive, its current financial position raises some red flags for investors:

High Losses: The company’s net loss nearly doubled in FY23, highlighting the need for significant improvement in cost management and profitability.

Limited Operating History: Ola Electric is a relatively young company with limited operating history, making it difficult to assess its long-term viability and ability to overcome challenges.

Debt Levels: While currently low, the company might need to take on debt to finance its expansion plans, potentially increasing its financial risks.

Ola Electric Mobility Limited – DRHP

Also Read: How to Check IPO allotment status?

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Companies With IPOs In September

The IPO market is experiencing remarkable growth in September. The upcoming IPOs for this month are listed below.

Keventer Agro

The business sells a wide variety of goods under numerous brands and classifications. They were a part of the value chain and offered more than 90 SKUs in the fresh, frozen, and ambient long-shelf-life product categories as of March 2021.

350 crore rupees in new shares and 1 crore shares from existing shareholders make up the Keventer Agro IPO.

Capital Small Finance Bank

The first small finance bank in India, Capital Small Finance Bank, was founded in 2016. It will rank among the top SBFs in terms of asset quality, cost of funds, retail deposits, and CASA deposits in March 2021.

A large book value spread across a variety of asset classes characterizes the Capital Small Finance Banks diverse portfolio. The bank has the highest secured loan rate among its rivals at 99 percent.

The first IPO has taken place.

Sresta Natural Bioproducts

The Hyderabad-based company sells packaged organic products.

Shares from current shareholders as well as new shares are included in the Sresta Natural Bioproducts IPO. To fulfil working capital requirements and pay off or repay some market debts, the company plans to sell fresh shares to raise Rs 50 crore.

Landmark Cars

An initial public offering (IPO) of Rs 762 crore, which will comprise both new shares and an offer to sell stock, is about to begin at the car dealership. The net proceeds from the sale of new shares worth Rs 150 crore will be put toward general company objectives and utilised to repay or settle any market liabilities.

Technologies Tracxn

By providing them with statistical data on their clients, Tracxn Technologies assists new enterprises in establishing effective customer service. Tracxn Technologies' IPO offer represents a complete sale of the company's existing stockholders.

Ola Cab

One of the largest app-driven cab services is provided by this business. It offers transportation assistance at 250 locations in India, New Zealand, the UK, and Australia. Customers can communicate with drivers of motorbikes, e-rickshaws, cabs, and taxis through the app-based service.

About Rs 1500 crore will be the estimated value of the IPO.

Elin Electronics

With a 12 percent market share in Fiscal 2021, the company is a key participant in the electronics manufacturing services (EMS) industry. Manufacturers of tiny kitchen appliances, fans, and lighting can acquire complete product solutions from Elin Electronics. They invented motors with a tenth of a horsepower as well.

Fresh shares of Rs 175 crore and OFS stocks are combined in the IPO.

Droom Technology

By utilizing technology and data science, they run a firm that makes it simpler to buy and sell cars online. The largest collection of automobiles available for purchase online can be found at Droom Technologies, the only business in India that provides a fully online transactional solution. On their platform, 1.15 million new and used cars, bikes, and other vehicles are posted.

Current shareholders may propose to sell their shares in the IPO, and there will also be new issuance of Rs 200 crore.

One Mobikwik System

One of the biggest businesses that provides "Buy Now, Pay Later" services is Mobikwik. Fintech is a significant component of the industry since it simplifies routine mobile transactions and allows individuals to "purchase now and pay later."

Both primary shares and an offer to sell are included in the public offering.

Skanray Technologies

They design, develop, produce, and market high-end equipment, and they are the best at making medical devices. The main issue consists of new shares worth Rs 400 crores and a share sale proposal from existing shareholders.

Gemini Edibles and Fats

The business produces, distributes, and sells edible oils and fats. One of the fastest growth rates in the market was experienced by Gemini Edibles. Under the brand name Freedom, they dominate the market for producing sunflower oil in the southern Indian states.

Ixigo

Booking travel, tickets, and hotels online is simple with Ixigo. By utilising advancements in data science, machine learning, and artificial intelligence, they assist travellers in making wise travel selections.

The company is now authorized to launch an IPO for Rs 1600 crore.

API Holdings

They are India's top healthcare provider by gross merchandise value (GMV) in the fiscal year 2021. From start to finish, API Holdings operates an integrated operation. This enables them to provide services to all parties involved in the healthcare value chain.

Emcure Pharmaceutical

One of the largest pharmaceutical firms in India is the business. In a number of significant therapeutic areas, it develops, produces, and sells medicines globally.

Final remarks

IPOs can be a fantastic investment option that allow investors to diversify their portfolios. However, you need to complete your study and investigation before investing in a new business. If you are familiar with the firm and understand its worth, only invest in an initial public offering (IPO). Investing in an IPO might be dangerous without doing your research.

You can invest in September 2022 initial public offerings (IPOs) with Zebu. Create a free Demat account.

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WHY IS UBER WINNING THEIR COMPETITION ?

Uber or Uber's rivals - Find the industry's most powerful player. Although first-mover advantage is advantageous at first, it is not necessarily sustainable. Have you used Uber before? What are your thoughts on its business model and the competition from Uber? As a driver and as a third-party spectator, does it appear to be a profitable venture? Let us assist you by discussing this business venture and finding answers to these issues if all of these inquiries result in confusion or ambiguous responses. Uber, for example, is known for bringing in innovative and new ideas to the market. This company pioneered the concept of ride-sharing, which is now employed by a variety of local and international businesses all over the world. "Sometimes freedom from regular rules is what provides you competitive edge," says Reid Hoffman. As a result, this one-of-a-kind approach could be deemed a competitive advantage for the company. But not after everyone else had copied it. Uber's business strategy is unique, and it has achieved a lot of success in a short period of time. However, it is no longer the sole ride-sharing company in operation. In this post, we'll go through Uber's business strategy and how competitors are losing market share to the company. Let's start with a quick overview of the firm and its competition so we can see why Uber is outperforming its competitors.

BRIEF INTRODUCTION OF UBER:

In 2009, an American startup was founded that pioneered the concept of peer-to-peer ridesharing. It began as a taxi service and then evolved into a peer-to-peer ride-sharing business that can be hired through a smartphone application. Garrett Camp and Travis Kalanick proposed and launched the company. Uber has thus far expanded to 63 countries, serving more than 780 cities. Uber has developed a meal delivery service in response to its widespread success in other parts of the world, particularly the United States, and the company is profiting from it in the local US market. The number of Uber users globally has surpassed 110 million. It emphasises the clients' strong acceptability. Uber has a 69 percent market share in the ride-sharing business in the United States, with Uber competitors accounting for the remaining 31 percent. In 2019, the company that began as a private corporation became a public company. The firm's first initial public offering raised money for it, but since then, Uber has been losing money, causing concerns for the stockholders who bought into the company during the IPO.

BUSINESS MODEL OF UBER AND UBER COMPETITORS:

We're confident that almost all of you have a basic understanding of how Uber works. Passengers order rides with a mobile application. In exchange for the money, the driver closest to the passenger picks them up and leaves them off at their destination. Uber is less expensive than taking a cab. As a result, it is becoming increasingly important in the transportation business. Uber hires contract drivers on the supply side. People who want to make money by driving go to Uber's offices, meet the company's requirements, and gain access to the company's mobile application, which allows them to find riders and earn money. Not everyone is eligible to work for Uber as a driver; you must meet specific criteria, including vehicle safety and availability of a driver's licence, before being approved.

UBER COMPETITORS:

As soon as the riders and drivers accepted this business model, more companies with the similar business strategy began to enter the market. Lyft, Ola, Careem, Didi, Taxify, and Yandex Taxi are just a few of the biggest Uber competitors around the world. All of these companies are based on the ride-sharing and peer-to-peer model. Apart from ride-sharing vehicles, personal mobility choices and self-driving vehicles are also a threat to Uber and other market competitors. Aside from all of these competitions, traditional cab services are one of the most important things that none of these ride-sharing firms can overlook. Traditional taxi services still account for a major portion of this industry's revenue.

WHAT ARE SOME OF THE FACTORS MAKING UBER PROMINENT FROM ITS COMPETITORS?

Even when we're talking about another ride-sharing company, most of us still refer to Uber. How many times have you mistakenly done something like that? You'll be surprised that you weren't even aware of this inadvertent error if you start counting. So, what makes Uber stand out among Uber competitors in our minds? In this part, we'll go over these considerations.

1 - ADVANTAGE OF THE FIRST MOVER:

People with a marketing background are familiar with the concept of the first-mover advantage. That first-mover advantage has come into play in the case of Uber and Uber competitors. For those unfamiliar with the word, it is a basic term that describes the advantage that the first entrant in a market has over the remaining participants. “The Internet moves very fast. In the old world, we could afford to sit and analyze forever. But in the new world, the first mover has the advantage.” — Raymond Kwok When it comes to technology, the importance of having a first mover advantage increases even more. Some of the benefits of being a first-mover include capturing the majority of the market share without having to compete, increased odds of user acceptance, and the likelihood that our brand name will remain in the minds of consumers indefinitely. Furthermore, because you are the first, most customers can relate to your brand. This makes creating brand loyalty easier. As a result, Uber's entry into the market as the first player received all of these advantages, and this is why Uber's competitors have been unable to detract from its image, despite the fact that the company has been losing money for the previous few months. However, as Reid Hoffman points out, "First mover advantage goes to the company that scales up, not the one that starts out," and Uber has been unable to preserve that advantage.

2 - THE COMPETITION PERSPECTIVE:

Another thing to note is that when discussing Uber and Uber competitors, the perspective of competition differs. Other ride-sharing companies, as well as cab services, are certainly competitors for Uber. Uber has consistently surpassed cab services since its inception, which is why it has dominated the industry. When it comes to competition in the ride-sharing market, however, some of the nations where Uber began operations have forced the company to relocate. One of the best examples is China, where one of Uber's competitors drove it out of business.

3 - EXTREMELY EXCESSIVE MARKETING:

Uber, as one of the transportation industry's behemoths, can afford to sell its services effectively. This increases the company's share of mind among customers, increasing the likelihood of them using it. Local Uber competitors that cannot afford to run large marketing frequently lose market share. It's useful in the short term, when Uber is actively selling its services.

However, as Uber's competitors have matured, marketing costs have been less of a concern for the company. Furthermore, even for Uber, tackling the competitive efforts made in aggregate by all of the tiny companies operating in the local market becomes tough.

4 - CONVENIENT SERVICE PROVISION:

Uber and Uber rivals' services are simple to use in comparison to traditional taxi services. In just a few clicks, your car may be with you in minutes. Furthermore, due of the company's strong check and balance in these areas, the quality of the car, service, and safety features are all fully maintained. This is, nevertheless, a crucial consideration for all of the ride-sharing systems now available. As a result, it can only be regarded a complement to the traditional cab services that once dominated the market.

5 - KEEPING PRICES LOW:

Uber was rumoured to be subsidising rides until recently. This was done to ensure that clients become accustomed to the service and became loyal, hence displacing taxi services. The company's approach was intended to limit the appeal of taxi businesses in the industry. Once the firms or individuals who are losing money quit the industry, the way is free for Uber to become a monopoly.

Low graph of the gold price. 3D rendering. Although half of the consequence of this action was seen, the public switched from taxi services to ride-sharing services, it still did not achieve monopoly status due to the emergence of new players. As a result, this strategy of keeping rates low can be considered one of the ways to outclass cab competitors, although it has not performed as intended.

HOW HAS UBER OUTPERFORMED ITS COMPETITION?

The answer, in our judgement, is a resounding no. The key reason for this response is local competition in the ridesharing business. You can see that the players who aren't Uber are gaining a lot of traction. In reality, the industry's customers are not brand loyal. They can switch between services without incurring any further charges. This low cost of switching actually tarnishes Uber's reputation as the industry's pioneer. Customers appreciate a company that is inexpensive, whether it is Uber or one of its competitors. Clients have clung to this point, and they are using it on Uber as well, as this was the purpose of capturing the initial customers from the cab sector.

CONCLUSION:

Uber entered the market with a fresh and innovative concept. It gave clients more convenience and decreased expenses. As a result, this model and the company's services were accepted. However, the introduction of competitors using the same business model as Uber has caused to lose market share, and as a result, it has not been able to maintain the monopoly that would have allowed it to make exclusive revenues. What do you think some of Uber's main competitors are? Which of these rivals is your favourite, and why? Please share your own experiences so that we may gain a better understanding of how the competition operates in the industry and how customers view the various services that the competitors provide. 17 ways how to make money online in 2022 How to sell online - ways to sell products online Read the full article

[sanakhan7]

7 Ways to Cultivate an Entrepreneurial Mindset

Starting a new company requires dedication and hard work along with acceptance of both failure and success. The invincible quest for achievement motivates an entrepreneur to overcome failure and create a new legacy of success. Developing an entrepreneurial mindset is essential for every business owner. It requires integrated adaptability, optimistic thinking, aspiration, commitment, and visionary thinking.

India has exhibited a booming growth in entrepreneurship and start-ups in varying sectors from health to tech and banking to fintech. In 2021, the Indian market stood up to surprise the world with the exclusive launch of 15 debutant IPOs and the prospective growth of Indian firms like Ola cabs, Oyo, Vedantu, Big Basket, Paytm, and so on.

Food delivery giant Zomato and online gaming company Nazara Technologies emerged as leading businesses that doubled their market and revenue even after the Covid challenge. Besides, India holds the third position concerning the booming of new enterprises. Understanding how to cultivate an entrepreneurial mindset can help you go places.

How to Be a Successful Entrepreneur

Essential Entrepreneur Skills to Develop

Stepping Out of the Comfort Zone

Making risky choices

Differentiating from your competitors

Cultivating The Right Habits and Attitude

Taking Challenges in Stride

Setting Realistic Targets

Leading The Team

How An Entrepreneurship Development Programme Helps

Key Points

An entrepreneurial mindset needs to be shaped with sales in a pivotal role for business is all about survival, market approach, convincing techniques, and sustainability. If you learn what to sell and how to sell, you know how to establish a business.

An entrepreneurial mindset needs to adapt and accept that risks and failures often come in the way of success. Therefore, accepting failure courageously and working towards success with hard work and perseverance ultimately shows you the golden lining.

India is a booming market for new businesses and concepts as of 2021. It is indeed the right time to shape your future with an entrepreneurship development course and plan your startup.

Essential Entrepreneur Skills to Develop

Owing to the growing inclination towards entrepreneurship, many entrepreneurship development courses have emerged. These executive management courses focus on enhancing entrepreneurial skills. There is a certain skill set that differentiates an entrepreneur from others. The following section takes you through some of the key skill sets that an entrepreneur needs to develop to reach his goals.

Stepping Out of the Comfort Zone

Entrepreneurship is not as easy as it seems to be. As an entrepreneur, you are required to think out of the box. So, the first thing that you will learn as a part of your entrepreneurship development course is to embrace risk and willingness to put your comfort at stake. The market is full of competition, and to beat the market competition, it is important to think big, be innovative, approach thoughtfully, and present uniquely.

An entrepreneurial mindset is all about standing firm amidst challenges, embracing them all, learning from mistakes, and putting in every bit of energy to step ahead. Legacies are woven when journeys are completed against the flow, the struggle is always a journey out of your comfort zone, and success is the destination you achieve. All this together could bring up a horizon of challenges.

Making risky choices

Evaluation of risk and embracing challenges to achieve success is a core example of an entrepreneurial mindset. As Albert Einstein once said, “It’s not that I’m so smart, it’s just that I stay with problems longer.”

Thus, when you think out of the box, you need to be ever ready to play with risks and challenges in your scope of growth. However, an entrepreneur must analyse and evaluate every aspect of risk before just mindlessly making risky choices.

Differentiating from your competitors

Standing out in the crowd with your iconic uniqueness, the USP of your business is what makes a successful entrepreneur. As defined by Karndee Leopairote, Thammasat University, “Creativity is the root of entrepreneurship.” Creativity leads to uniqueness, and when you stand apart from your market competitors, you establish not only enterprises but examples to the world.

A professional entrepreneurship development course like the IIT Delhi entrepreneurship course will focus on teaching you how to make yourself and your idea stand ahead of the league. Moreover, as a part of your curriculum, you will learn how to embrace risky ideas and put forward your thought process with confidence.

Cultivating The Right Habits and Attitude

According to Morning Mind, written by Dr Robert Carter’s human brain is most energetic and active when you wake up. Therefore, successful entrepreneurs follow self-discipline and early waking like Richard Branson, Elon Musk, Howard Schultz, Tim Cook, etc., to make their day most productive.  Just like early waking, a good night's sleep is essential to offer your brain rest and increase your brain productivity.

Priority setting and identifying challenges is yet another compulsive entrepreneurial mindset. So, you must make a list of things – long-term, short-term and daily tasks- and do them after prioritising them.

Taking Challenges in Stride

The story of the founder of automobile companies Tesla, SpaceX, and Solar City, Elon Musk exhibited the extreme effort of taking risks and challenges. When you think of playing safe, you set your limits.

So, entrepreneurs need to break off-limits and take higher plights which will indeed involve risks and challenges. With a visionary mind and the courage to prove yourself, an entrepreneur must adhere to challenges along the way. Even if it means accepting failure, challenges must be accepted with an optimistic mind, determination to achieve the target without stopping, and keep on attempting even if you fail.

Setting Realistic Targets

Taking an organisation to heights of success requires planning, proper execution, taking up challenges, teamwork, extensive efforts, and setting goals. Goal setting, both long-term and short-term, is important to plan things well for the future. When you have measurable goals, it becomes easy to track progress. One must also set a deadline to attain the goals. So, it is good to think wisely and set realistic targets. One must make SMART goals i.e. Specific, Measurable, Achievable, Realistic and Time-based.

Leading The Team

As an entrepreneur, you would always want your business to flourish, but merely planning big is not enough. An entrepreneur should be able to execute the plan well in reality. And to maintain the consistency of success, it is important to work along with the team. An entrepreneur can align an individual's goal with the organisational goal.

Their approach should be to focus on “we” and not “I.” A successful entrepreneur works collaboratively and focuses on developing a dedicated and professional team.

How an entrepreneurship development program help

It is indeed not possible for a person to have all these skills and qualities together. While some of them are natural, some require learning and training through executive management courses.  These courses offer insight into entrepreneur finance, business planning, entrepreneurial failure management, essential skills, business laws, etc. Understanding the core sigma rules of business and handling the market strategically requires professional learning provided through these courses. Besides, the entrepreneurship conclave offers all aspirants a dignified opportunity for business funding.

Therefore, whether you are looking for a growth opportunity or professional training from expert professionals, joining the IIT Delhi entrepreneurship course would be the right step to be the successful entrepreneur you always dreamed of.

To know more: https://executive.timespro.com/course/general-management/iit-delhi-executive-management-programme-in-entrepreneurship-development/

[innocentamit]

India: India's Ola company plans to go public in 2022 local news - Business News India

India: India’s Ola company plans to go public in 2022 local news – Business News India

There is good news for investors who earn through Initial Public Offering (IPO). Instead, Ola IPO, the company that provides cabs through the program, will be re-established. When will the implementation take place? According to Reuters, the IPO could be set up in the first half of 2022. Chief Ola Bhavish Aggarwal has issued this statement. Bhavish Aggarwal also said that Ola, with the help of…

[freddiemark]

Best Guide For Investor before investing in Ola Share Price

Investing in the Ola Share Price can be a rewarding venture if done right. It's not just about buying and selling; it's about making informed decisions, especially when it comes to companies like Ola, which are widely known for their innovative approach to the transportation industry. In this article, we will provide you with a comprehensive guide on the best practices for investors before investing in Ola Share Price.

Introduction to Ola Share Price

Ola, one of the leading names in the world of ride-sharing and transportation networks, has not only revolutionized the way people commute but has also emerged as an attractive prospect for investors. As you contemplate the possibility of investing in Ola Share Price, it's imperative to embark on this journey with a comprehensive understanding of the company and the dynamics of its share price.

Ola, with its innovative approach and commitment to transforming the transportation industry, has garnered attention not only from riders but also from those seeking investment opportunities in a company with a promising future. This introduction will shed light on the essentials of Ola Share Price, giving you a solid foundation to explore this investment opportunity.

Founded in 2010 by Bhavish Aggarwal and Ankit Bhati, Ola has grown to become a prominent player in the global ride-sharing market. Headquartered in Bengaluru, India, the company has expanded its services across various countries, offering mobility solutions driven by cutting-edge technology and a commitment to customer satisfaction.

Ola's journey began with the vision of making transportation more accessible, convenient, and efficient. As a potential investor, it's crucial to understand the company's mission and values, as they form the core of its operations. Ola's commitment to creating sustainable and innovative mobility solutions for a better tomorrow not only aligns with the changing dynamics of the transportation industry but also presents an opportunity for investors to be part of this transformative journey.

The share price of Ola, as with any publicly traded company, is influenced by a multitude of factors, including market conditions, economic trends, competition, and the company's own performance. In the case of Ola, a deeper understanding of its share price history can provide invaluable insights. Analyzing past trends, the company's achievements, and challenges it has faced in the market can help you make informed decisions about the future.

In the ever-evolving landscape of the transportation industry, Ola's position and share price are subject to change. Factors like market trends, technological advancements, and shifting consumer preferences can have a significant impact on the company's growth potential. Therefore, staying informed about these variables is essential for anyone considering investing in Ola Share Price.

Diversify Your Investment Portfolio

Diversifying your investment portfolio is a fundamental strategy to manage risk and potentially enhance returns. While investing in a promising company like Ola can be an attractive opportunity, it's essential to avoid putting all your eggs in one basket. Diversification involves spreading your investments across various assets to reduce the impact of poor performance in any single investment. Here's how you can diversify your portfolio when investing in Ola Share Price.

Invest in Different Sectors

One of the primary ways to diversify your portfolio is by investing in different sectors of the economy. For example, instead of exclusively investing in technology companies like Ola, consider allocating some of your funds to other sectors such as healthcare, finance, or consumer goods. Different sectors may react differently to market conditions, and diversifying across sectors can help mitigate potential losses.

Mix Stocks and Bonds

Another key element of diversification is mixing stocks with bonds. Stocks are typically considered more volatile but offer the potential for higher returns. On the other hand, bonds are known for their stability and income generation. By holding both stocks and bonds in your portfolio, you can balance risk and potential reward. In times of stock market volatility, bonds can act as a cushion for your portfolio.

International Investments

Consider including international investments in your portfolio. Global diversification can help reduce risk by minimizing the impact of regional economic downturns. While investing in Ola, which is headquartered in India, you can also explore opportunities in international companies or funds to broaden your exposure.

Incorporate Different Investment Types

Apart from traditional stocks and bonds, diversify by incorporating different types of investments. Real estate, commodities, and alternative investments like hedge funds can offer diversification benefits. These assets may have unique risk-return profiles and can help balance your portfolio.

Focus on Company Size

Diversify your stock investments by considering the size of the companies you invest in. Allocate some funds to large-cap companies like Ola and others to mid-cap and small-cap companies. Each size category has distinct characteristics, and diversifying across them can provide a broader exposure to market dynamics.

Use Mutual Funds and Exchange-Traded Funds (ETFs)

Mutual funds and ETFs are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other assets. They offer an easy way to achieve diversification without having to select individual securities. Look for funds that align with your investment goals and risk tolerance.

Rebalance Regularly

Diversification is not a one-time task but an ongoing process. Market conditions and the performance of your investments may cause your portfolio to become unbalanced over time. Regularly review and rebalance your portfolio to ensure it aligns with your desired asset allocation.

Consider Risk Tolerance

Your risk tolerance plays a significant role in determining your portfolio's diversification strategy. If you have a lower risk tolerance, you may lean more toward stable, income-generating investments like bonds. Higher risk tolerance may lead to a greater allocation in stocks. Align your diversification strategy with your comfort level for risk.

Diversification is a powerful tool to reduce the impact of poor-performing assets and protect your portfolio from extreme market fluctuations. While Ola share price may present an exciting investment opportunity, incorporating diversification can help you manage risk and create a well-rounded investment portfolio. Remember that diversification doesn't eliminate risk entirely but aims to make your overall investment experience more stable and balanced.

[secretstalks]

Rapido financial outlook according to Aravind Sanka

Bengaluru-based mobility startup Rapido has recently made headlines with a significant $200 million funding round, elevating its valuation to $1.1 billion and earning it a spot in the unicorn club. Co-founder and CEO Aravind Sanka has revealed that the company is on the brink of achieving cash-flow positivity, with expectations to become profitable within the next few months.

Rapido's impressive growth is underscored by its vast network of 1.7 million active monthly driver-partners, who collectively manage nearly 0.5 million orders daily across bikes, auto-rickshaws, and four-wheeler cabs. Sanka highlighted Rapido's dominance in the market, claiming a market share exceeding 40% in the two-wheeler and three-wheeler segments, positioning it ahead of competitors like Ola and Uber.

The company reported a substantial increase in revenue for FY23, reaching Rs 497.5 crore compared to Rs 157.9 crore in FY22. Despite this growth, losses also widened, from Rs 439 crore to Rs 674.6 crore, largely due to heavy investments in expansion and development. Notably, Rapido's zero-commission model for drivers continues to be a key differentiator. Drivers pay a fixed monthly fee of Rs 500 for every Rs 10,000 earned on the platform, with Sanka affirming the company's commitment to maintaining this model.

Rapido is now turning its attention to the burgeoning quick commerce sector, aiming to capitalize on the growing demand for rapid delivery services. The company currently supports last-mile food delivery for Swiggy, a major investor in its recent Series D funding round, and collaborates with ONDC. Discussions are underway with quick commerce players like Zepto and Zomato’s Blinkit to explore 10-30-minute delivery options.

The company is also leveraging its extensive fleet to support small direct-to-consumer (D2C) businesses, with plans to partner with logistics firms and work directly with various companies. On the sustainability front, Rapido is making significant strides with electric vehicles. In the NCR region, over 25% of orders are now delivered by electric vehicles, and the company aims to transition all deliveries in Delhi to electric within the next six months. Partnerships with fleet operators to develop exclusive electric vehicle fleets for two-wheelers, three-wheelers, and four-wheelers are also in progress.

Looking ahead, Rapido may consider an initial public offering (IPO) within the next two to three years as a potential step in its growth trajectory. The company's recent fundraising efforts have seen it secure close to $500 million, with WestBridge Capital leading the latest $200 million Series E round, joined by Think Investments, Invus Opportunities, and longstanding partner Nexus Venture Partners.

Ownership of Rapido's parent company, Roppen Transportation Services, as of FY23 includes WestBridge Capital with a 25.6% stake, Swiggy with 15.1%, Nexus Venture Partners with 9.7%, and Integrated Capital with 4.9%. The combined shareholding of co-founders Pavan Guntupalli, Rishikesh SR, and Aravind Sanka stands at 7.5%.

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[hummingzone]

SoftBank-backed ride-hailing firm Ola plans to raise $1 billion in India IPO

SoftBank-backed ride-hailing firm Ola plans to raise $1 billion in India IPO

Ola cab drivers talk with each other as they wait for passengers by a roadside in Amritsar. NARINDER NANU | AFP | Getty Images Indian ride-sharing firm Ola is planning to raise up to $1 billion through an initial public offering, a source familiar with the situation told CNBC. News of the IPO was earlier reported by Bloomberg and Reuters. Both organizations cited unnamed sources. Ola declined to…

[letsjanukhan]

UPDATE: Ola Aims To Raise $1 Billion Through Initial Public Offer

UPDATE: Ola Aims To Raise $1 Billion Through Initial Public Offer

<!– –> Cab hailing giant Ola is planning to raise funds through the initial public offer route Ride-sharing giant Ola plans to raise up to $1 billion through an initial public offering (IPO) and is finalising banks to advise on the fund-raise, three sources told Reuters, becoming the latest startup to join the capital markets boom. Ola, backed by Japan’s Softbank Group, has roped in Citigroup,…

[salam2050]

Ola Aims To Raise $1 Billion Through Initial Public Offer

Ola Aims To Raise $1 Billion Through Initial Public Offer

Cab hailing giant Ola is planning to raise funds through the initial public offer route Ride-sharing giant Ola plans to raise up to $1 billion through an initial public offering (IPO) and is finalising banks to advise on the fund-raise, three sources told Reuters, becoming the latest startup to join the capital markets boom. Ola, backed by Japan’s Softbank Group, has roped in Citigroup, two…