ANI Technologies Pvt Ltd had been on the lookout for a new office for some months now. The parent company of India’s largest ride-hailing service Ola finally found its home in September—a 425,000 sq ft office space in Koramangala, a startup hub in India’s southern city of Bengaluru. The size of seven football fields combined, it represents the latest stage in Ola’s evolution—bringing together the six offices it has scattered across the city.
With the announcement came a diktat. Employees who were working remotely across the country were asked to return to Bengaluru.
Ola’s uneasy transition into an everything company
Ola's success in ride-hailing led the startup to try its hand at everything from foodtech to financial services to EVs. With top leadership leaving, layoffs, and missed targets, things haven't gone to plan for CEO Bhavish Aggarwal
The pandemic has not been kind to Ola; its ride-hailing business is still only at 40% of its pre-pandemic levels
With mobility recovering slowly, the company wants to focus on its other businesses—Ola Electric, Ola Foods, Ola Financial Services
It's moving into a new facility that will house all its businesses under one roof, hoping to consolidate its sprawl
However, its new businesses need different DNA. Ola needs to think differently from the brash, young startup it began as