Ola Uber Merger

The Covid-19 pandemic has hurt the transportation industry. But Ola said it is one of the most profitable ride-hailing companies in the world with a strong balance sheet

Ola founder and CEO Bhavish Aggarwal has rubbished reports in a section of media about the company being in talks with Uber for a possible merger

CCI has a checkered track record when it comes to determining the "relevant market" in different cases involving mobile app-based taxi services

SoftBank, a common investor in both Ola and Uber, is learnt to be mediating the merger talks between the two companies

Japanese investor is the largest shareholder in both companies

Softbank, the single largest investor in Didi Chuxing in China, Ola in India and Grab in Southeast Asia, has backed local players for growth over Uber in each of these markets