Ola's losses widen to Rs 4,898 cr in FY'17
Ola, which is locked in a bruising battle for market leadership in the Indian market against American rival Uber, had registered a loss of Rs 3,147.9 crore in FY2015-16. During the same period, ANI Technologies -- the entity running Ola -- saw its consolidated total income rising over 70 per cent to Rs 1,380.7 crore as against Rs 810.7 crore in FY2015-16, as per documents filed with Registrar of Companies (RoC).
Ola's subsidiaries and include Ola Fleet Technologies, Zipcash Card Service, Ola Electric Mobility and Ola Skilling. Image source: Reuters