City
Epaper

Ola becomes 1st to launch ride-hailing operations at Ayodhya Airport

By IANS | Updated: April 22, 2024 20:05 IST

New Delhi, April 22 Ride-hailing company Ola on Monday launched cab operations at Maharishi Valmiki International Airport in ...

Open in App

New Delhi, April 22 Ride-hailing company Ola on Monday launched cab operations at Maharishi Valmiki International Airport in Ayodhya.

Ola founder Bhavish Aggarwal on LinkedIn shared the development, saying the company has installed a dedicated pickup zone with a team of representatives available 24x7 to assist all travellers for a hassle-free experience.

"Today, Ayodhya, the Ram Nagri, is one of the fastest growing cultural and tourist hubs in India, welcoming millions of tourists annually," Aggarwal wrote.

He also said that as the company moves ahead in its mission to serve one billion Indians, "we are confident that our entry into cities like Ayodhya will unlock immense opportunities for growth and further elevate the travel experience of millions of devotees and tourists". Ola's mobility business in India has reported a profit of Rs 250 crore in FY23, as compared to a loss of Rs 66 crore in FY22.

Additionally, the revenue of the company increased by 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.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

EntertainmentKichcha Sudeepa thanks DK Shivakumar for order to lift seal on 'Bigg Boss Kannada' studio

EntertainmentRaghav Juyal, Saiee M Manjrekar team up for romantic thriller, goes on floors next month

InternationalUN Chief welcomes announcement to secure ceasefire, hostage release in Gaza

CricketICC Women's World Cup: Klerk says SA "moved on" from horror England clash; India's Jemimah fires "perfect match" warning at opponents

TechnologyBritish investors most active traders of S. Korean stocks: Data

Business Realted Stories

BusinessBritish investors most active traders of S. Korean stocks: Data

BusinessPiyush Goyal welcomes Eli Lilly's USD 1 billion investment in India

BusinessIndia is world's 3rd largest solar producer with 125 GW capacity: Minister

BusinessIndia's fintech innovations set global benchmarks, says Kiya.ai CEO

BusinessIndia emerging as global hub for AI and Fintech innovation, says SC Ventures' top executives