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Why Bhavish Aggarwal shed Ola Electric stake; MoEngage’s $280mn funding
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EWe look at why Bhavish Aggarwal is selling his stake in Ola Electric. This and more in today’s ETtech Top 5.
Also in the letter:
■ Angel investors under threat
■ OpenAI copies Meta’s playbook
■ WBD rejects Paramount’s bid
ETtech Explainer: Why Bhavish Aggarwal is selling Ola Electric shares to release pledged stock
Bhavish Aggarwal is unwinding pledged equity in Ola Electric to free up collateral raised for his artificial intelligence venture, Krutrim AI. The move demonstrates how capital is being recycled from his listed EV business to…
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