© Reuters. FILE PHOTO: An employee talks on the phone as he sits at the front desk inside the office of the Ola taxi service in Gurugram, formerly known as Gurgaon, on the outskirts of New Delhi, India, April 20 2016. REUTERS / Anindito Mukherjee
(Reuters) – Indian taxi aggregator Ola and Uber Technologies (NYSE: Inc) are considering a possible merger, the Economic Times reported on Friday, citing sources familiar with the matter.
Ola CEO Bhavish Aggarwal met with top Uber executives in San Francisco, U.S., recently, the report said, citing two sources. (https://
The report did not disclose financial details of a potential deal. Uber and Ola did not immediately respond to Reuters’ request for comment.
The two companies have deployed it in a fiercely competitive Indian market and have spent billions of dollars in incentives and discounts for passengers. They have also recently launched newer services like food and grocery delivery.