Ola has announced that its India mobility business has turned EBITDA positive in FY 2023, and has now brought onboard former Unilever executive Hemant Bakshi, as CEO of Ola Mobility to lead its mobility business, with an aggressive growth focus on ride-hailing, financial services, logistics, and e-commerce.
In terms of financial performance the revenue from operations (consolidated entity) and other income for FY2023 stood at Rs 3,000 crore as compared to Rs 2,120 crore in FY2022.
EBITDA loss excluding discontinued business reduced to Rs 29 crore from Rs 291 crore a year ago.
