Bansal, who is known for his strategic investments in various tech ventures, joined Ola’s shareholder list in the past, alongside other notable investors. The decision to divest from the company could have significant implications, given Ola’s ambitious plans for growth and expansion within India and internationally.
Sources indicate that Bansal’s talks to sell his stake are still in the early stages, and the potential buyer or buyers have not been disclosed yet. Industry insiders suggest that this move might be motivated by various factors, including Bansal’s evolving business portfolio and his increasing focus on other ventures.
Ola, founded by Bhavish Aggarwal, has grown to become one of the dominant players in the Indian ride-hailing market. Despite facing intense competition from Uber and local rivals, Ola has continued to expand into new sectors like electric vehicles and food delivery, positioning itself as a multifaceted tech-driven company.
It remains to be seen how this development will affect Ola’s strategy and Bansal’s future business plans.
