Ola sees full recovery in cities, says demand to continue after festivals

The SoftBank-backed ride-hailing firm had seen a massive slump during the lockdown but is now seeing close to 100 per cent recovery in key cities

With the Indian economy opening up almost entirely, ride-hailing firm Ola said on Friday that it is seeing recovery close to pre-Covid levels, with close to 100 per cent recovery in key cities during the festive season, and the spike in demand is expected to continue. The firm had seen a massive slump during the lockdown.

The SoftBank-backed unicorn said that opening of offices, malls and more leisure travel for airports and stations has played a role in increased demand.

“People prefer cabs and autos to public transport,” said the company. “Ola has witnessed high recovery rates across all categories.” 

Cities like Mumbai