India's startup founders increasingly find themselves pitted against investors

India's startup founders increasingly find themselves pitted against investors

Ola co-founder and CEO Bhavish Aggarwal. Photo: Mint

Bhavish Aggarwal is fighting so many battles it must be tough to keep track. Not only does Ola, the ride-hailing company Aggarwal founded in 2010, have Uber breathing down its neck, it has entered the ultra-competitive food delivery business and expanded overseas. And that’s not all. Ola has announced ambitious plans for its fledgling electric vehicle business and is trying to transform Ola Money into a financial services platform. The company is doing all of this amid a boardroom standoff that involves two of the most powerful investors in the startup ecosystem, SoftBank Group Corp. and Tiger Global Management Llc.

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