Business Standard

'Absolute rubbish,' says Ola CEO on report of merger talks with Uber

Ola CEO Bhavish Aggarwal met top Uber executives in San Francisco recently, says a news report

Bhavish Aggarwal
Premium

Ola CEO Bhavish Aggarwal

BS Web Team New Delhi
Ola CEO Bhavish Aggarwal refuted a news report of the cab-hailing platform being in talks for a potential merger with Uber.

"Absolute rubbish. We’re very profitable and growing well. If some other companies want to exit their business from India they are welcome to! We will never merge," tweeted Aggarwal while responding to the news report. 

Aggarwal met top Uber executives in San Francisco, US recently, reported Economic Times while citing two soruces aware of the major development. 

The report comes at a time when Ola is reportedly ramping up its electric vehicle business and is now planning to lay off around 1,000

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 29 2022 | 9:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com