Mulling an IPO for Ola ride-share business next year, says Bhavish Aggarwal

'Looking at synergies with EV business, will announce details soon'

Ola’s ride-hailing business which has turned profitable might look at going for an IPO next year though a final decision has not been taken.

Ola founder and CEO Bhavish Aggarwal says that the business has matured and has been growing steadily except for the temporary pandemic blip. Ola will continue to grow at 25-30 per cent year on year, he said.  

Like its chief rival Uber, Ola saw a substantial fall in its business during the pandemic and the lockdowns. Now it has turned the corner and reached higher ridership levels than before the pandemic.

On reviving its plans to