Ola Consumer's FY25 revenue drops 42%, losses widen, as company begins prep for IPO

Ola Consumer is moving ahead with its IPO plans. However, its recent financial reports show a significant drop in revenue and a doubling of losses. The company lost market share to competitors. This financial strain has also impacted its credit rating. Ola Electric, another venture by Bhavish Aggarwal, is also facing revenue challenges.