‘Absolute rubbish,’ says Ola CEO on report of merger talks with Uber

Ola CEO Bhavish Aggarwal refuted a news report of the cab-hailing platform being in talks for a potential merger with Uber.

“Absolute rubbish. We’re very profitable and growing well. If some other companies want to exit their business from India they are welcome to! We will never merge,” tweeted Aggarwal while responding to the news report.

Aggarwal met top Uber executives in San Francisco, US recently, reported Economic Times while citing two soruces aware of the major development.

The report comes at a time when Ola is reportedly ramping up its electric vehicle business and is now planning to lay off around 1,000 employees.