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Ola's mobility business reports first ever profit of ₹250 crore
short by Vivek / on Saturday, 27 January, 2024
Ola's India mobility business has reported a standalone EBITDA profit of Rs 250 crore in FY23, a stark contrast to the Rs 66 crore loss in FY22. The profit comes on the back of a 58% revenue growth, reaching Rs 2,135 crore in FY23. "This is one of the few Indian consumer internet businesses to be profitable," Bhavish Aggarwal said.
read more at Indian Startup News