Ola said its revenues plunged 95% in the past two months as shelter-in-place measures dried up demand for its taxi app.
as an investor, said its revenues had plunged 95% in the past two months as shelter-in-place measures dried up demand for its taxi app.
"I have personally spent significant time, reviewing and revisiting every single aspect of this exercise as each one of the impacted individuals has played an important role in building Ola and are the most talented and passionate people I have come across," he"These decisions are not reflective of anyone's performance and are purely a function of the uncontrollable circumstances that we have been faced with.
"This crisis necessitates the need to conserve cash aggressively so that we are able to invest in opportunities in the future," Ola's chief said.
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