"Bhavish Aggarwal, the CEO of Ola Electric, has quashed reports of merger talks with Uber and called the rumours ""absolute rubbish"". We’re very profitable and growing well, he said.
Taking to Twitter, Aggarwal said, ""Absolute rubbish. We’re very profitable and growing well. If some other companies want to exit their business from India, they are welcome to! We will never merge.""
According to Reuters, Uber has also denied reports of a merger. That report is inaccurate. We are not, nor have we been, in merger talks with Ola, Uber said in a statement.
The two Indian cab aggregators have been slugging it out in an intensely competitive Indian market and have spent billions in incentives and discounts to passengers.

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