Business Standard
Ola Consumer has turned free cash-flow positive and achieved profitability, widening the gap with rivals that continue to spend heavily to gain market share in India's fiercely competitive ride-hailing sector, according to company disclosures, industry estimates and people familiar with the matter. The company reported operating revenue of about Rs 1,171 crore in FY25, ahead of Rapido's Rs 934 crore. Industry estimates suggest the gap is even wider on a net revenue basis -- after accounting for customer discounts and driver incentives -- with Ola estimated to have generated Rs 250-300 crore in net revenue during the latest quarter, compared with around Rs 40-45 crore for Rapido and Rs 35-40 crore for Uber, according to people familiar with the developments. The performance reflects Ola's shift over the past two years towards a profitability-focused strategy, prioritising monetisation and cost efficiencies over aggressive discount-led growth. "Short-term growth driven by discounts an
Go to News Site
