-Indian cab aggregator Ola and Uber Applied sciences Inc are contemplating a possible merger, the Financial Occasions reported on Friday, citing sources acquainted with the matter.
Ola Chief Government Bhavish Aggarwal met high Uber executives in San Francisco, United States, not too long ago, the report stated, citing two sources. (https://bit.ly/3cPbXro)
The report didn't disclose monetary particulars a couple of potential deal. Uber and Ola didn't instantly reply to a Reuters request for remark.
The 2 firms have been slugging it out in an intensely aggressive Indian market and have spent billions in incentives and reductions to passengers. Extra not too long ago they've additionally launched newer companies comparable to meals and grocery supply.
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