Bhavish Aggarwal, the CEO of Ola Electrical, has quashed stories about Ola’s merger talks with Uber.
The Ola CEO stated the corporate won’t ever merge. (Picture: File)
Bhavish Aggarwal, the CEO of Ola Electrical, has quashed stories of merger talks with Uber and known as the rumours “absolute garbage”. We’re very worthwhile and rising nicely, he stated.
Taking to Twitter, Aggarwal stated, “Absolute garbage. We’re very worthwhile and rising nicely. If another corporations wish to exit their enterprise from India, they’re welcome to! We are going to by no means merge.”
In keeping with Reuters, Uber has additionally denied stories of a merger. That report is inaccurate. We’re not, nor have we been, in merger talks with Ola, Uber stated 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 offered its native meals supply enterprise Uber Eats to Zomato Ltd (ZOMT.NS) in January 2020, whereas Ola shut down its grocery supply enterprise and has of late invested billions of {dollars} in its electrical automobile enterprise, Ola Electrical Mobility.
(With inputs from Reuters)
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