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'Absolute rubbish': Ola and Uber deny reports of merger
Ola CEO Bhavish Aggarwal said, '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'
New Delhi: Indian cab aggregator Ola and its US rival Uber on Friday denied media reports of a merger.Calling the reports "absolute rubbish", Ola CEO Bhavish Aggarwal tweeted, "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.""That report is inaccurate. We are not, nor have we been, in merger talks with Ola," Channel News Asia quoted Uber as saying.Earlier, The Economic Times reported that Aggarwal met Uber executives in San Francisco.In January 2022, Uber sold its local food delivery business Uber Eats to Indian firm Zomato.With inputs from agenciesRead all the Latest News, Trending News, Cricket News, Bollywood News,India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.
First Published:Jul 29, 2022, 21:58:07 IST
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