Bhavish Aggarwal intends to transfer Ola's intellectual property to a family-oriented business entity, according to a published report.

A Shift in Ownership: Bhavish Aggarwal's Alleged Plan to Hand Over Ola's Intellectual Property

Bhavish Aggarwal intends to transfer Ola's intellectual property to a family-oriented business entity, according to a published report.

Bhavish Aggarwal, the dynamic mind behind Ola, might be contemplating a significant shift, transferring the intellectual property (IP) rights for the Ola brand to a holding company controlled by his family office, as per economic Times reports. However, ANI Technologies remains the current holder of the IP.

Fears of Losing Out: The Impact on Investors

Such a transfer could potentially leave ANI investors in a lurch, as they might miss out on future royalty income. Furthermore, ANI Technologies operates Ola, while Ola Electric, its electric vehicle arm, licenses the brand's IP for a fee from ANI Technologies. This proposed transfer might potentially disrupt these revenue streams.

Rumbles in the Startup World: Recent Developments

The news about the IP transfer comes after the transfer of Ola Maps from ANI to Krutrim AI, with assets valued at Rs 40 crore. The Ola group consists of three entities: ANI, Ola Electric, and Krutrim, each with separate shareholding bases. Initially, Ola Electric was a subsidiary of ANI Technologies, but it was separated and established as a distinct entity in 2017.

A Heavy Burden? Allegations towards Ola

Amidst increasing regulatory scrutiny, Ola has been under fire due to alleged compliance issues. Additionally, the company has been grappling with accusations of inflating its market share. These allegations stem from the inclusion of pre-launch electric scooter and motorcycle bookings in its February sales figures, which the company adamantly denies, maintaining that the numbers represent confirmed, fully paid orders.

A Web of Misunderstandings: Recent Rumors

Rumors have been swirling about a SEBI investigation into alleged insider trading and a $300 million investment by CEO Bhavish Aggarwal in Krutrim, which have both been refuted by the company.

The Man Behind the Brand

From Ola to Ola Electric, Bhavish Aggarwal has consistently demonstrated his vision and determination. As the restructuring continues, we'll undoubtedly see more changes in the Ola ecosystem. Keep an eye on our website and app for updates on this evolving story.

1. The potential IP transfer by Bhavish Aggarwal could disrupt revenue streams for ANI Technologies investors, who might miss out on future royalty income.
2. The Ola group consists of ANI Technologies, Ola Electric, and Krutrim AI, each with separate shareholding bases, with Ola Electric having been separated from ANI Technologies in 2017.
3. Amidst increasing regulatory scrutiny, Ola has been facing allegations of compliance issues and inflating its market share, with the company denying these claims.
4. Recent rumors have included allegations of a SEBI investigation into insider trading and a $300 million investment by Bhavish Aggarwal in Krutrim, both of which have been refuted by the company.

Read also: