Ola, Uber In Talk For Merger: Reports; Companies Deny


Last Updated: July 29, 2022, 22:18 IST

Ola has closed down its grocery delivery business and recently invested significantly in Ola Electric Mobility.

Ola has closed down its grocery supply enterprise and not too long ago invested considerably in Ola Electric Mobility.

Ola co-founder and CEO Bhavish Aggarwal has additionally met prime Uber executives in San Francisco, US, not too long ago, says a media report

Ola and Uber, main city mobility companies that compete in the identical area, are in talks for a doable merger, in accordance with media experiences quoting individuals conversant in the matter. One of the experiences mentioned Ola co-founder and CEO Bhavish Aggarwal has additionally met prime Uber executives in San Francisco, US, not too long ago.

However, each the businesses have denied the experiences.

“Absolute rubbish,” mentioned Ola’s Aggarwal in a tweet on Friday including that the corporate could be very worthwhile and rising properly. “If another firms need to exit their enterprise from India they’re welcome to! We won’t ever merge.”

Uber in an announcement mentioned, “That report is inaccurate. We aren’t, nor have we been, in merger talks with Ola.”

In January 2022, Uber offered its native meals supply enterprise Uber Eats to restaurant aggregator Zomato; whereas Ola closed down its grocery supply enterprise and not too long ago invested considerably in Ola Electric Mobility, its electrical automobile enterprise.

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