Ola’s mobility business in India logs Rs 250cr profit in FY23 ...Middle East

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Ola’s mobility business in India logs Rs 250cr profit in FY23
New Delhi: Ride-hailing company Ola’s mobility business in India reported a profit of Rs 250 crore in FY23 against a loss of Rs 66 crore in FY22. Bhavish Aggarwal-run company’s revenue grew 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. One of the few consumer internet businesses in India to be profitable at this level,” Aggarwal said. The company launched Prime+ to offer customers premium services with better partners, superior in-ride experience, faster a

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