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The company mentioned that it will be focusing on the
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The company operates in hundreds of locations and provides several modes of transportation, including two-wheelers.
Meanwhile, Ola’s mobility business in the country has reported a profit of Rs 250 crore in FY23 against a loss of Rs 66 crore in FY22.
Its revenue rose 58 per cent to Rs 2,135 crore in FY23 from Rs 1,350 crore in FY22.
“In FY23, we challenged ourselves — to not just grow and scale, but to do this profitably. While our revenue continued to grow at a strong clip of 58 per cent, we became EBITDA positive in the India mobility business,” the company said.