Ola Group is said to pause non-core foods business amid downturn at Ola Electric
The shuttering of Ola Foods comes at a time when Ola Group is re-evaluating its non-core businesses amid financial strain at listed entity Ola Electric.
Ola Group has paused operations of Ola Foods amid a financial quagmire at Ola Electric Mobility Ltd., so much so that the food-delivery option has disappeared from the ride-hailing app. The cloud kitchen business, operated through the Open Network for Digital Commerce (ONDC), is not accepting orders either.

“The operations are temporarily paused. The company is re-evaluating plans and working on the business plan,” Moneycontrol, which first reported on the matter, cited a source as saying. HT.com has reached out to Ola Group for a confirmation on the development, to no response as of publishing this story.
The move comes at a time when the billionaire Bhavish Aggarwal-led group of companies is re-evaluating its non-core businesses amid a downturn at listed entity Ola Electric Mobility Ltd.
ABOUT THE AUTHORTushar Deep SinghTushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.Read More

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