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Losses mount for Indian taxi aggregator Ola

The SoftBank-promoted ride-hailing company Ola has reported a 92% increase in losses for its cab-leasing business Ola Fleet Technologies. The losses went up from 845 million rupees (US$11.9 million) in 2018 to 1.62 billion rupees ($23 million) in 2019, the Financial Express reported, citing regulatory filings by the company sourced from business signals platform Paper.vc. Revenue […]