Ola's cab-leasing arm posts loss of â¹13.3 crore in 2016
Ola Fleet Technologies, the cab-leasing arm of homegrown ride-hailing startup Ola, has posted a loss of â¹13.3 crore for the financial year 2016 compared to a profit of â¹3.9 crore in the previous year. Net sales, however, tripled from â¹1.8 crore in FY15 to â¹5.6 crore in FY16. Last month, Ola infused â¹50 crore into the leasing subsidiary.