Ola-Uber Merger Rumors Update: App-based cab aggregator firm Uber and Ola could merge. According to media stories, Ola’s co-founder and CEO Bhavish Agarwal just lately met with Uber executives in San Francisco, USA to discover this risk. However, Bhavish Aggarwal has denied this information.

According to media stories, each the businesses have mentioned the merger amongst themselves up to now, when the identical investor SoftBank had proposed a merger in each the businesses. Then the deal couldn’t be accomplished, however it’s believed that in current days once more each the businesses are speaking amongst themselves concerning the merger.

However, this information has been rejected by Bhavish Aggarwal. He mentioned, “This is full nonsense. We are a revenue making firm. If any firm needs to depart the enterprise then it’s welcome however we’ll by no means merge.

Absolute garbage. We’re very worthwhile and rising properly. If another firms wish to exit their enterprise from India they’re welcome to! We won’t ever merge. https://t.co/X3wC9HDrnr

— Bhavish Aggarwal (@bhash) July 29, 2022

However, each the cab firms Uber and Ola compete with one another in India. Both have spent billions of {dollars} on giving incentives to cab drivers and giving reductions to passengers. Uber has not issued any assertion relating to this but. Although she has denied the information of leaving India.

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