Ola Investor Furious As Shares Crash: ‘Bhavish Aggarwal’s Arrogance Has Cost Me’

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Theemergingindia
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In early trade on Monday, Ola Electric Mobility shares fell by 8% following CEO Bhavish Aggarwal’s heated altercation with comedian Kunal Kamra the previous day. Investors in Ola are concerned about the recent decline in share prices; one enraged shareholder chastised Bhavish Aggarwal for his conceit.

The investor, Ganeshan Iyer, said he had sold his Ola Electric shares at a loss of ₹40,000 since he had no expectations from a business run by “such a toxic person” on the social media platform X this morning.

Iyer was among the numerous social media users who attacked Bhavish Aggarwal for his conceit following the CEO of Ola Electric’s verbal altercation with comedian Kunal Kamra. The argument started when Kamra posted a photo of an Ola Electric scooter in a service station collecting dust and questioned why the business was not responding to consumer complaints.

Aggarwal used a litany of slurs directed at the comic in a fit of rage and asked Kamra to spend a day working at a service centre. Hundreds of social media users objected to his “crass” and “pedestrian language,” calling his tirade unworthy of a public figure.

However, Bhavish Aggarwal’s social media tirade carried a greater personal significance for Iyer as an Ola investor. He was enraged by the crash in share price a day after the spat grabbed headlines.

“As an investor, Bhavish Aggarwal’s haughtiness has cost me.” I suffered a $40,000 loss when I sold my Ola shares. Not much to expect from this firm. No future with this toxic leader,” Iyer posted this afternoon on X.

“Kunal Kamra has unmasked the devil. “I hope more investors walk out with a haircut as well,” he continued.