 "Ola")
Amid reports of cab aggregator rivals Ola and Uber being in talks for a possible merger, Ola’s co-founder and CEO Bhavish Aggarwal said that there has been no such conversation and Ola’s ride-hailing business is very profitable and growing well.
“We have absolutely rubbished those reports,” said Aggarwal on Monday at a company event. “Those who know me would know that I would never acquire a loss-making business.”
The Covid-19 pandemic has hurt the transportation industry. But Ola said that the firm is one of the most profitable ride-hailing companies in the world with a strong balance sheet.
The mobility
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