<p>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.</p>.<p>The company shut Ola Cars within one year of its launch, as it focuses on its electric two-wheeler and car verticals.</p>.<p>Ola has so far shut down Ola Cafe, food panda, Ola Foods, and now Ola Dash.</p>.<p>"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.</p>.<p>It added that Ola Cars' infra, technology and capabilities will be "repurposed towards growing Ola Electric's sales and service network".</p>.<p>Ola now aims to invest more towards its electric car, cell manufacturing, and financial services businesses.</p>.<p>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.</p>.<p>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-high-income households.</p>.<p>Zomato on Friday poured Rs 4,447 crore into acquiring quick-commerce grocery delivery platform Blinkit.</p>.<p>In December 2021, Swiggy announced to pour $700 million into Instamart.</p>.<p>Last month, 10-minute delivery platform Zepto raised $200 million, taking its valuation to around $900 million.</p>.<p>Ola Electric is also facing scrutiny over faulty batteries in its electric two-wheelers, among other EV players like Okinawa Autotech, Pure EV, Jitendra Electric Vehicles, and Boom Motors, by the government.</p>.<p>The Bureau of Indian Standard (BIS), which comes under the Union Consumer Affairs Ministry, has published the "performance standards for electronic vehicle batteries" in a bid to keep a strict control over the manufacturing of EV batteries.</p>
<p>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.</p>.<p>The company shut Ola Cars within one year of its launch, as it focuses on its electric two-wheeler and car verticals.</p>.<p>Ola has so far shut down Ola Cafe, food panda, Ola Foods, and now Ola Dash.</p>.<p>"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.</p>.<p>It added that Ola Cars' infra, technology and capabilities will be "repurposed towards growing Ola Electric's sales and service network".</p>.<p>Ola now aims to invest more towards its electric car, cell manufacturing, and financial services businesses.</p>.<p>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.</p>.<p>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-high-income households.</p>.<p>Zomato on Friday poured Rs 4,447 crore into acquiring quick-commerce grocery delivery platform Blinkit.</p>.<p>In December 2021, Swiggy announced to pour $700 million into Instamart.</p>.<p>Last month, 10-minute delivery platform Zepto raised $200 million, taking its valuation to around $900 million.</p>.<p>Ola Electric is also facing scrutiny over faulty batteries in its electric two-wheelers, among other EV players like Okinawa Autotech, Pure EV, Jitendra Electric Vehicles, and Boom Motors, by the government.</p>.<p>The Bureau of Indian Standard (BIS), which comes under the Union Consumer Affairs Ministry, has published the "performance standards for electronic vehicle batteries" in a bid to keep a strict control over the manufacturing of EV batteries.</p>