{"id":631534,"date":"2024-01-27T07:47:22","date_gmt":"2024-01-27T02:17:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=631534"},"modified":"2024-01-27T09:13:01","modified_gmt":"2024-01-27T03:43:01","slug":"olas-mobility-business-made-profit-in-fy23-goal-to-serve-1-bn-indians","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/olas-mobility-business-made-profit-in-fy23-goal-to-serve-1-bn-indians\/","title":{"rendered":"Ola&#8217;s mobility business made profit in FY23: Goal to serve 1 bn Indians"},"content":{"rendered":"<p>Ola announced that its India mobility business has turned earnings before interest, tax, depreciation, and amortisation (Ebitda) positive in 2022-23 (FY23), making it one of the few Indian internet companies to achieve this feat. <\/p>\n<p>The SoftBank-backed company also named Hemant Bakshi as chief executive officer of Ola Mobility, leading its mobility business with an aggressive growth focus on ride-hailing, financial services, logistics, and e-commerce. <\/p>\n<p>For the consolidated entity, the revenue from operations and other income for FY23 stood at Rs 3,000 crore compared to Rs 2,120 crore in 2021-22 (FY22).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola announced that its India mobility business has turned earnings before interest, tax, depreciation, and amortisation (Ebitda) positive in 2022-23 (FY23), making it one of the few Indian internet companies to achieve this feat. The SoftBank-backed company also named Hemant Bakshi as chief executive officer of Ola Mobility, leading its mobility business with an aggressive growth focus on ride-hailing, financial services, logistics, and e-commerce. For the consolidated entity, the revenue from operations and other income for FY23 stood at Rs 3,000 crore compared to Rs 2,120 crore in 2021-22 (FY22).<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-631534","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/631534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=631534"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/631534\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=631534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=631534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=631534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}