Ola to set up group company structure to boost valuation, management

Ola to set up group company structure to boost valuation, management

Bhavish Aggarwal, chief executive officer and co-founder of ANI Technologies Pvt., also known as Olacabs, photographed in Bangalore, India, on Saturday, May 7, 2016 for Bloomberg News. Photographer: Namas Bhojani/Bloomberg

Ola is adopting a holding company structure similar to that of India’s most successful internet startup Flipkart to boost the cab-hailing company’s valuation and improve the management of its businesses, four people familiar with the matter said.

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