Ola starts making profit on each ride
Ride-hailing startup Ola has started making money on each ride after taking into account expenses including driver incentives and customer discounts. "Our India business crossed a major milestone. We are now ENTR positive," Ola CEO Bhavish Aggarwal wrote in an email to his team. The Effective Net Take Rate represents the commission that Ola makes on each ride after discounts.n