Ola, Uber merger talks: Cab aggregator Ola and Uber Applied sciences Inc are contemplating a possible merger, reported Reuters on Friday. The report added that Ola Chief Government Bhavish Aggarwal has met prime Uber executives in San Francisco, United States.
Whereas the report did not disclose another info on the potential deal, it caught the attention of Aggarwal on Twitter.
Ola mentioned that it is among the most worthwhile ride-hailing firms on this planet with a powerful stability sheet. The Chief Government had taken to Twitter to garbage the information, saying “We’re very worthwhile and rising effectively. If another firms wish to exit their enterprise from India they’re welcome to! We’ll by no means merge.”
The 2 firms have been competing closely within the Indian ride-hailing business, and are always rating first and second.
Final month, a report claimed that Uber Applied sciences explored choices for its Indian ride-hailing enterprise, together with a sale, however suspended discussions after tech startup valuations cratered. Uber disputed the thought it had thought-about retreating from India.