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Ola Shuts Down Q-commerce Platform Ola Dash

By Lokmat English Desk | Updated: June 30, 2022 15:24 IST

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Ride-hailing platform Ola has shut down its used vehicle business Ola Cars as well as Ola Dash, its quick-commerce business, at a time when rivals are pouring money into the 10-15 minute grocery delivery market.
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The company shut Ola Cars within one year of its launch, as it shifts focus on its electric two-wheeler and car verticals. Ola has so far shut down Ola Cafe, food panda, Ola Foods, and now Ola Dash.
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'Ola has reassessed its priorities and decided to shut down Ola Dash - its quick commerce business. Ola will also be reorienting its Ola Cars business to focus more on strengthening the go-to-market strategy for Ola Electric,' the company said in a statement.
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It added that Ola Cars' infra, technology and capabilities will be 'repurposed towards growing Ola Electric's sales and service network.'
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Ola now aims to invest more towards its electric vehicle, cell manufacturing, and financial services businesses.
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Ola Dash shuts down at a time when India's quick commerce market is all set to witness 15 times growth by 2025, reaching a market size of nearly $5.5 billion.
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The total addressable market for quick commerce in India stands at $45 billion, and urban areas are driving this market on the back of mid to high-income households.
Tags: Ola Cabs
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