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Ola’s FY22 Revenue Doubles but Losses Surge by 36.4%

  • Ride-hailing firm Ola registered a 100% growth in its operational revenue in FY22, reaching Rs 1,970 crore.
  • Despite this, the company reported an increase in losses by 36.4% to Rs 1,522 crore in FY22 from Rs 1,116 crore in FY21.
  • A substantial part of Ola’s income was from ride-hailing services and its overall expenses skyrocketed by 67.5% to Rs 3,362 crore in FY22.
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