Ola Consumer says it is pressing ahead with IPO preparations, but its latest financials tell a tougher story. FY25 revenue fell 42% and losses more than doubled, with the company also losing market share to competitors. The squeeze has even affected its credit rating. Ola Electric, Bhavish Aggarwal’s other venture, is reportedly facing similar revenue stress.
SpiceJet’s recent numbers raise fresh concerns despite last year’s INR 3,000 crore funding. In the April–June quarter, usually its strongest period, the airline posted an INR 240 crore loss. Free cash dropped from INR 700 crore in March to around INR 300 crore in June, while revenue fell 40% between March and June. Can it turn around in time?
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