India’s go-to ride-sharing company, Ola is likely to hit the streets next year with an IPO of $1.5-2 billion, predicted to bring a value of 12 to 14 billion. This may include it in the club of other tech companies’ IPO seeking to thrive on a big market rally.

It’s said that the pre-decided losing of the ride-sharing company could receive half the capital through a primary issue with the rest being fueled by an Offer for Sale from certain existing backers. The proposed listing is fueled by some of the main investors namely SoftBank, Tiger Global Management, and Tencent.

From the investment bank side, it’s heard that Morgan Stanley, Goldman Sachs, Kotak Mahindra Capital, Citigroup, and JP Morgan are believed to be breaking a sweat to file preliminary documents with the market regulator in the next two months for the company.

During the wake of this year, the ride-sharing company was pumped by Warburg Pincus, Temasek Holdings along with two others with an investment of $ 500 million. This was in turn viewed to be the company’s pre-IPO round.

Nonetheless, it’s widely believed that the ride-sharing company’s valuation could be challenging, as many funds lowered valuations due to COVID-19 and its restrictions disrupted the travel cab market. It’s said that the cab market may take time to get established since it’s still in recovery.

Meanwhile, the ride-sharing company has opened another way of pooling in some funds and making way for used cars to be used again, by selling them in its latest venture called Ola Cars. CIO Insider reported that the Indian ride-hailing unicorn is selling its secondhand automobiles, a niche that is growing in popularity as people hunt for affordable vehicles to drive during the outbreak.

According to a survey published by the website Mordor Intelligence, India's used automobile industry was valued at $ 27 billion last year and is expected to reach $50 billion by 2026, with a CAGR of 15 percent from 2021 to 2026. Given current conditions, that number is not far off, and there is a chance it will rise even higher.

Furthermore, Ola's fresh concept at this time of life is indeed appropriate for the scenario; one could say that the ride-hailing unicorn has undoubtedly chosen the path that promises enormous prospects. The same may be observed in its plan to offer its own electric two-wheelers, as electric vehicles are becoming more popular due to the positive influence they have on the environment and living creatures.


The ride-sharing unicorn's new venture is known as 'Ola Cars,' and it's unclear whether the company will have its own app. Given that most businesses appear to have an app for each of their divisions, it wouldn't be strange if this was the case here as well.

COVID-19 did have an impact in this category, but it was not as noticeable as it could have been, because the general public preferred to buy more economical automobiles during these difficult times.

On another page, rumor has it that there are more banks planning to pour in over $ 1.5 billion into the company within this week.