CosmicTaco

Ola Reports $361M Quarterly Sales, Plans IPO

CosmicTaco · 2024-10-11T09:04:14.867658+05:30

- Ola Consumer, formerly Ola Cabs, reported a gross order value of **$361 million** for Q2 2024. - The company's mobility division accounted for **77%** of the GOV, while financial services contributed the rest. - Ola completed **110 million customer rides** during the quarter, ranking third in the mobility space. - The company is seeking investor approval to go public, with plans for an **IPO** underway. - Ola offers various services including ride-hailing, small-ticket loans, and recently launched grocery delivery. Source: [The Arc](https://thearcweb.com/article/ola-logs-quarterly-sales-of-361-mn-seeks-investor-nod-for-ipo-7lvsiJYXIG1uTRMF)

Ola Consumer, formerly Ola Cabs, reported a gross order value of $361 million for Q2 2024.
The company's mobility division accounted for 77% of the GOV, while financial services contributed the rest.
Ola completed 110 million customer rides during the quarter, ranking third in the mobility space.
The company is seeking investor approval to go public, with plans for an IPO underway.
Ola offers various services including ride-hailing, small-ticket loans, and recently launched grocery delivery.

Source: The Arc