Ola and Uber in merger talks; Bhavish meets Uber execs in US: Report

Ola and Uber, which compete in the area of mobility are in talks for a possible merger, according to media reports, which said that Ola’s co-founder and CEO Bhavish Aggarwal met top Uber executives in San Francisco, US recently.

However, Aggarwal said on Friday night that there is no such development.

“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,” said Aggarwal on Twitter. “We are not, nor have been, in merger talks with Ola,” said Uber spokesperson.