The USD6 billion ride-hailing startup is streamlining its workforce and searching for new growth avenues as it prepares for a public float in the backdrop of top-level exits and mixed results in ventures beyond the core cab business. Access the exclusive Economic Times stories, Editorial and Expert opinion. Choose your reason below and click on the Report button. This will alert our moderators to take action. Corp Gov. More Infra Environment Energy.
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Cities serviced by the Ola to get you to your destination on time, every time. Empowered entrepreneurs as driver-partners on the platform. Employees work tirelessly to provide you with the best in technology and service.
According to a person familiar with the developments, the restructuring will impact around employees, only half of whom will be reassigned to other roles in and outside the group. The person, requesting anonymity, told Mint that there is a "clear drive towards profitability and building a sustainable business" and that the company has launched several initiatives to do so, such as forming committees on governance and ethics. A substantial number is absorbed across the group Ola has been stacking up huge sums of money from multiple new investors in the past couple of months especially for its Ola Electric unit, which is expected to roll out new electric charging solutions and other EV products. Earlier this week, Ola Cabs began registering drivers in London, ahead of launching commercial operations in the city. Click here to read the Mint ePaper Livemint.