"We Will Never Merge": Ola CEO Bhavish Aggarwal On Uber Merger Reports

"We Will By no means Merge": Ola CEO Bhavish Aggarwal On Uber Merger Stories

Ola chief government Bhavish Aggarwal has denied media studies of merger talks with Uber. Mr Aggarwal tweeted Ola is “very worthwhile and rising nicely” and the studies of merger talks with the American ride-hailing agency are “absolute garbage”.

Information company Reuters at this time reported Ola and Uber are contemplating a possible merger, quoting an Financial Occasions report that cited sources conversant in the matter. Bibarud too had carried the Reuters report.

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

The 2 corporations have been slugging it out in an intensely aggressive Indian market and have spent billions in incentives and reductions to passengers.

Uber bought its native meals supply enterprise Uber Eats to Zomato in January 2020, whereas Ola shut down its grocery supply enterprise and has of late invested billions of {dollars} in its electrical car enterprise, Ola Electrical Mobility.