Ola aina articles
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Brands by scions attract VC money; Ola Electric layoffs
Happy Monday! A new wave of brands founded by second generation entrepreneurs is snagging venture capital. This and more in today’s packed edition of ETtech Morning Dispatch.Also in the letter:■ Tech experts on new govt’s priorities■ Hey Google! Who’s calling?■ Govt's IT gear procurement VC funds take a shine to new gen’s D2C brands 110645628Direct-to-customer (D2C) startups founded by scions of traditional business families are raking in venture funding across sectors like food, apparel,...
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Ola Electric eyes leaner road to profitability, to cut 400-500 roles
IPO-bound Ola Electric is finalising plans to lay off around 400-500 employees in coming weeks as founder Bhavish Aggarwal sharpens focus on reigning in operating costs ahead of its initial public offering, multiple people aware of the matter told ET.The final number may still change as the leadership team of the Bengaluru-based electric two-wheeler maker is currently in the process of concluding the scale of layoffs that are expected to be spread across verticals, they said.A section of the...