Will this be under the listed company or unlisted company?
Whatever be it, it will benefit the listed company in the form of ola gig ev scooter sales.
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They are diverting from their path. Their main business, OLA Cabs / OLA Electric, is still running at a loss, and now they are simultaneously expanding into other domains. I think Bhavish wants to show continuous growth in stock value, but it can’t be sustained if their finances don’t turn positive.
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From what I remember as told in one of their Sankalp events, OLA Electric is separate from OLA Consumer (which houses OLA Cabs and this Q-com business). So, their finances (revenues/losses) are likely not added to Ola Electric.
But the concern is about focus. How can one CEO focus on all of these businesses in highly competitive sectors, all at once? (Krutrim is another vertical).
Disc: Exited again, just tracking for its cell business.
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Elon Musk does have many things under his kitty and yet successful in most of them. Bhavish may not be Elon Musk but he could be 10% to 90% like him. Only time will tell. We know another person who tried to emulate someone else who was very successful with many things. But he ended up becoming a fugitive in UK.
(No points guessing who’s who here 
)
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These are long timers not the recent joiners who couldn’t adjust with the top management’s attitude (arrogance ??)
@Deven sir, What’s your take on Ola’s way of managing business?
Disc: Have tracking position. Want to increase stake once dust settles and negativity reduces. But for every good news, there’s always a few bad news.
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@Sudhakar_Subramanian, you asked me on OLA’s way of managing business. Here I take BA’s way of managing OLA. I’m invested in OLA, so my views may be biased, as seen in my previous posts.
The two executives who recently resigned have been with OLA since 2017-18. As mentioned in previous zomato post in vp, Dipi indicated that some people need to leave after an IPO because they become too comfortable with the money they’ve made. Resignations can happen for various reasons, including the company’s decision, and I see this as a normal part of business operations.
We Indians often criticize our own people while overly praising foreigners. For instance, in 2016, Elon Musk claimed Tesla would have fully self-driving cars by 2017, but it’s now 2024, and it’s still far from reality. Entrepreneurs are naturally optimistic and push their teams, often setting aggressive targets.
Every company evolves with time. Startups, in particular, need ambitious goals. For example, who would imagine opening 3,200 stores in a single day? Established companies like Bajaj or TVS would approach this differently, with a few hundred stores per month, which suits their maturity.
I admire BA for his energy and ability to juggle multiple tasks. I know early employee of ola cab, as per him BA attended late-night meetings and was also available for early-morning discussions with other teams.
I’m optimistic about my OLA investment. However, like any startup, OLA is not for everyone. Its stock will be volatile, so it’s best for long-term investors.
Disclaimer: Invested since the IPO; I’ve trimmed and added to my position recently.
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Very informative video. Just this is a repetitive ~1 hr played again and again.
So Ola is releasing the motorcycle from Mar 2025 and 3 wheeler from mid 2025. 4 wheeler is in long term vision.
Considering they built the factory from scratch in 8 months and producing 3000 scooters a day in 3.5 years is impressive. And they are directly distributing to end users. Battery, motor - All are in-house technologies. Ola electric definitely has a great potential to become big in India and the world.
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Has anyone heard story of Howard Hughes? I believe, somewhat similar thing is happening here. It’s the issue of flawed character!
Often the a person’s character is visible in the companies and in the products.
It’s visible in their scooters, their “Made in India” AI, and the treatment of the employees.
Among these three things, I have scrutinized their Krutrim AI. It convinced me to stay away from anything this man touches.
In the age of internet connection, it’s not as easy to keep things a secret.
Stock price on the other hand is about public perception. Sooner or later, the reality will come out. Until then…
Disc. - Biased and Convinced.
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What did you see in Krutrim AI? Could you please share?
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PLEASE READ THE DISCLAIMER AT THE END
I wrote it in my analysis on MapMyIndia. (I was very Bullish. I sold MMI immediately after the obvious ethical concerns.) In this analysis I have written on Ola Krutrim AI, I am copying it here.
- Concerns About Ola: I have reservations about Ola, particularly regarding the CEO. My biggest concern is He might not be telling the truth. Let’s see everything -
- Their food delivery service has struggled.
- The Ola Cab business remains unprofitable. Although all such businesses are unprofitable. (We can ignore this one)
- While Ola Electric has the highest market share in India, quality issues could hurt its popularity over time, and their market share is primarily due to the reach of their OLA App.
- I found a rumor claiming “Krutrim uses ChatGPT,”. I did some digging and found - it actually relies on Google, raising credibility issues. To be precise - it’s google Dialogflow
- Ola Maps likely lacks legitimacy as a competitor. They seem to have used MapMyIndia’s data without acknowledgment, relying on the OpenStreetMap API while “failing” to inform the public.
Overall, I don’t view Ola as a significant competitor to MapMyIndia in the navigation sector. Or anyone else for that matter.
Above I asked it the same question in Two different ways.
Below, you can see that Google Dialogue flow was released in 2020.
I have seen a minor glitch on their website, where its reply accepts that it uses OpenAI’s chatGPT and quickly after the glitch, that text is removed automatically and new reply comes. It means that the original rumor is right -“They do use OpenAI”. They might be using both of them. I have seen this glitch, but I couldn’t screenshot it. It is not wrong to use ChatGPT, and build on top of that. However that isn’t what they are claiming. On the contrary, they are trying to hide it, albeit unsuccessfully.
[Copied till this point from here]
Optional
I work in Tech and have been exploring Generative AI for the past couple of months (only). Krutrim AI is not what Ola claims it to be.
This is my speculation regarding Ola’s Krutrim’s working:
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While Fine-tuning a large language model (like ChatGPT, which is an LLM) can customize its outputs, Ola did a terrible job at it. Fine-tuning is a resource-intensive process, and since Krutrim isn’t making money, it’s not surprising they didn’t invest properly in it. This feels like a classic ‘fake it till you make it’ situation—but honestly, I doubt Ola Krutrim will ever make it. For Ola in particular, you can say things like “Sab kuch karna hein Isko”, “Bahar sab chakaachak hein, andar sab polampol hein”
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By the way, the pre-training and fine-tuning processes for Generative AI models are key reasons why NVIDIA has reached its lifetime high. Essentially, NVIDIA is leading the charge in the AI boom. Indian techies should onboard it. Unlike Ola who used it the worst way possible
Disclaimer - Clearly my tone here is full of conviction. I am just honestly expressing what I am thinking. However, it is your responsibility - to check things for yourself. Keep in mind that, technically, Krutrim is different from Ola electric. That said, I do respect Bhavish’s courage in pursuing his vision.
The reason why I asked you to read the disclaimer first is that, there is something called Conviction Bias - When a person is full of conviction, it becomes easier for him to persuade you. Thus, they say that “Conviction bias is contagious”. My goal is not to persuade you, yet I might end up doing that. So, please be critical of this text as well.
Let me know if you disagree anywhere, except for the obvious decisive tone, I am aware of that one.
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Thanks. I am not a tech guy. But the points you mentioned do resonate with me as far as I understand them. The thing with these ultra nationalism projecting promoters is that they’re mostly trying to hide something by diverting the investors’ attention. Nishant Pitti is a recent case in point. Bhavish looks like he’s going down that route.
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Yes the rate at which ola is losing market share, is scary for the existing investors, that’s not going to help in popping the market cap up.
Remains to be seen if they will make a position in 3 wheeler market place and take some portion of market share there. If yes, then I don’t think it’s bad to stay here, but either way if they fail or pass , it might be lil late to get out or in, at such a time.
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Ola Electric leads EV 2W industry with 25% market share; records 24,341 registrations in January 2025
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