Uber’s Indian rival Ola is aiming for an IPO in 3-4 years

Uber’s Indian rival Ola is aiming for an IPO in 3-4 years

5 years ago
Anonymous $hM_jrxqbr-

https://techcrunch.com/2018/07/23/ubers-indian-rival-ola-is-aiming-for-an-ipo-in-3-4-years/

Ola, Uber’s chief rival in India, is planning to go public potentially as soon as in three years time, according to its CEO.

Co-founder and chief executive officer Bhavish Aggarwal told the audience at an event in Bengaluru last week that seven-year-old Ola is poised to become a cash flow positive business — having recently hit operational profitability — and that’s a key driver towards a listing. That’s despite intense rumors of a tie-up with Uber following a spree of global exits from the U.S. firm, most recently in Southeast Asia where it struck a deal with local player Grab.