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'Absolute rubbish': Ola CEO Bhavish Aggarwal denies report of merger talks with Uber

Denying the report that claimed that Aggarwal met Uber executives in San Francisco recently to discuss a merger, he said: “We’re very profitable and growing well..."

July 29, 2022 / 10:54 PM IST
Bhavish Aggarwal, CEO of Ola

Bhavish Aggarwal, CEO of Ola

Cab aggregator platform Ola’s CEO and Co-founder Bhavish Aggarwal on July 29 junked all reports of a possible merger with competitor Uber and said “we will never merge”.


Rubbishing the report in a business daily that claimed that Aggarwal met Uber executives in San Francisco to discuss a merger, he said: “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.”

A Business Standard report quoted an Ola spokesperson as saying: “We are the market leader in India and are much bigger than other players. Hence, merger of any kind is completely out of the equation. We believe that India has a lot more opportunities to unlock when it comes to mobility services. As a strong vertically integrated mobility company we will further consolidate our position by any acquisition in the Indian market, if at all.”

Also read: Bhavish Aggarwal has big plans for Ola Electric, sets sights on global market