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Ola, a leading player in the mobility industry, has made history by launching cab operations at the Maharishi Valmiki International Airport in Ayodhya. This strategic move marks Ola as the first cab service to operate at Ayodhya Airport, underlining its commitment to extending services to emerging cultural and tourist destinations across India.
Founder Bhavish Aggarwal announced via LinkedIn that Ola will commence operations at Ayodhya airport, emphasizing the company’s dedication to providing a seamless travel experience. Ola plans to establish a dedicated pickup zone with round-the-clock staff assistance for travelers.
Aggarwal highlighted Ayodhya’s status as a rapidly growing cultural and tourist hub, attracting millions of visitors annually. Ola’s presence in Ayodhya is expected to unlock significant growth opportunities and enhance travel experiences for devotees and tourists alike.
Ola’s expansion into cities like Ayodhya aligns with its broader mission of serving one billion Indians. This strategic move reflects Ola’s commitment to leveraging technology and innovation to meet diverse travel needs across the nation.
Ola’s mobility business demonstrated remarkable financial performance in FY23 in India, reporting a profit of Rs 250 crore compared to a loss of Rs 66 crore in FY22. This turnaround can be attributed to robust revenue growth, which surged by 58 percent to Rs 2,135 crore in FY23 from Rs 1,350 crore in FY22.
Ola prioritized sustainable growth and profitability in FY23, achieving positive EBITDA in its India mobility business through strong revenue growth. This strategic shift underscores Ola’s commitment to delivering value to stakeholders while ensuring long-term financial sustainability.
