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Ola CEO Bhavish Aggarwal tore presentations & used Punjabi epithets with staff: Report

Ola employees have revealed founder and CEO Bhavish Aggarwal's aggressive and unsparing behaviour at work, which they say has upset board members and managers, according to report

Ola Electric's hostile workplace culture

The 37-year old has big plans for Ola Electric to rival the likes of Elon Musk's Tesla and China's BYD Company

While Ola doubles down on EVs to undercut Elon Musk, its employees have revealed founder and CEO Bhavish Aggarwal's aggressive and unsparing behaviour at work.
A report in Bloomberg suggest that Aggarwal's relentless ambition and management style has created a toxic work culture forcing a dozens of senior executives to leave the firm within a year or two.
Employees said there were instances where Aggarwal used Punjabi epithets at staff and told teams they were 'useless'.
Bloomberg said it interviewed over two dozen present and former Ola employees, who chose to remain anonymous fearing reprisal.
37-year old Aggarwal has big plans for Ola Electric to rival the likes of Elon Musk's Tesla and China's BYD Company.&nbsp;
Although Ola posted its first profit last year, a decade after it was founded, and also remains India&rsquo;s top ride hailing platform ahead of global rival Uber, Aggarwal had to push off an IPO last year.

Ola has stepped in to buy founder Bhavish Aggarwal's brother's struggling firm Avail Finance for $50 million.
As per some reports, Avail has been struggling as its lending business was hit during the pandemic, it also laid-off employees.
Also read/watch | Covid warrior stocks: 400% plus returns in 2 years, did you invest?
Softbank-backed Ola was planning to list on the stock exchanges this year, however, it now plans to raise a new round of funding at a lower valuation, signifying a sharp reversal in fortune for startups, after a record 2021 that saw sky-high valuations in the public and private markets.
Avail Finance was founded in 2017 by Bhavish's brother Ankush Aggarwal and Tushar Mehndiratta, and offers products such as personal loans, salary advances, savings, to blue-collar workers.
Also read/watch | Max Family Feud: New saga featuring fund diversion and affairs

Oh Brother! Ola's Bhavish Agarwal rides in to rescue sibling

Ola has stepped in to buy founder Bhavish Aggarwal's brother's struggling firm Avail Finance for $50 million.

Bhavish Aggarwal rescues brother's firm

Ola currently holds 9% in Avail Finance and had invested in the firm three years ago.&nbsp;

Ola&nbsp;has stepped in to buy founder Bhavish&nbsp;Aggarwal's&nbsp;brother's struggling firm Avail Finance for $50 million.
As per reports,&nbsp;Avail has been struggling as its lending business was hit during the pandemic, it also laid-off employees.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/markets/2020-stock-market-crash-shares-increase-up-to-600-in-2-years-1648114808872" target="_blank">Covid warrior stocks: 400% plus returns in 2 years, did you invest?</a>
Avail Finance was founded in 2017 by Bhavish's brother Ankush Aggarwal and Tushar Mehndiratta, and offers products such as personal loans, salary advances, savings, to blue-collar&nbsp;workers. Ride sharing and now EV focused&nbsp;Ola&nbsp;seems to have scrapped it's&nbsp;IPO&nbsp;plans and is now looking&nbsp;to raise funds&nbsp; at a lower valuation,&nbsp;signifying a sharp reversal in fortune.&nbsp;
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/max-family-feud-new-saga-featuring-fund-diversion-and-affairs-1648110355429" target="_blank">Max Family Feud: New saga featuring fund diversion and affairs</a>

bhavish aggarwal

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