It was once the Indian start-up world's shining star, but Ola is now battling a multitude of crises.
Founded in 2010, it quickly became a household name, expanding from ride-hailing to electric vehicles and battery cells, challenging Uber along the way.
The company jumped on the AI bandwagon in 2023 with Krutrim, India's first AI company valued at over $1bn.
Marquee global investors such as Japan's SoftBank, US-based Tiger Global and Singapore's Temasek bankrolled this expansion. Last year, Ola's electric vehicles (EV) arm raised close to $734m (£567m) in a blockbuster initial public offering (IPO), India's biggest in 2024.
