Ola CEO Bhavish Aggarwal denies reports of merger with Uber
Mumbai: Is the leading ride-sharing company Ola and Uber merging? Is Uber shutting down its operations in India? Yes, according to the latest reports. According to sources, Ola-Uber are merging, as part of this, Ola CEO Bhavish Aggarwal reportedly held discussions with the top executives of Uber in San Francisco.
But, Bhavish Agarwal dismissed the news. "Absolute Rubbish" the company is making profits. At the same time, it is also growing. If foreign companies want to leave the country they are welcome! He denied that there is no possibility of a merger.
Another ride-sharing company, Uber, is suspending its operations in India, Bloomberg said in its article. Uber CEO Dara Khosroshi responded to this story. “We are well aware of the ride-sharing market in India”. He said that we have already told Bloomberg that “we are not going away from India and that we are continuing our operations.”
What Bloomberg wrote
In June this year, Bloomberg published an article about Ola and Uber. It highlighted that due to rising prices, those companies are struggling to make profits. That's why it hinted that Uber may leave the Indian market. However, in the future, Uber has revealed that it may tie up with another domestic ride-sharing company to continue operations in India. For that, it quoted that Uber had signed agreements with Didi Global in China and Grab Holdings in Southeast Asia.
