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economy | IST

Ola targets IPO in three to four years

Cab-sharing service Ola will go public withing the next three to four years, said CEO Bhavish Aggarwal. The business was on track for the IPO and would go cash-positive "very soon," he added.
When asked if the IPO push was due to shareholders such as SoftBank and Temasek, Aggarwal said while the shareholders had a voice on the table, the company would take into account the opinions of all shareholders of Ola.
"Our focus has been to create a very impactful large business out of India, build a long-term stakeholder value not just shareholder value," he added.
"Our consumer should see value in us, our driver partners should see long-term value, they should see growth in their careers grow from one car to two cars to three cars and eventually we should have a story where the average Indian citizen can also have part of the value creation. So an IPO is a core part of our story," he further added.