Business

Ola, Uber competition like Vietnam War : CEO Bhavish Aggarwal

Indian cab aggregator Ola today said the firm is focussing on building a sustainable business and will turn profitable in two years even as it used the analogy of "Vietnam War" to describe competition with its US-based rival Uber.

"...this is corporate war and the competition between us and Uber is very intense... the analogy that I gave about India is that this is like Vietnam War.

"We are the local guerillas...We have the Americans carpet bombing us but we will go into the nooks and corners of the country and we will find those opportunities in niche areas and in large areas," Ola co-founder and CEO Bhavish Aggarwal said at a TiE event here.

He added that the Bengaluru-based company is focussing on building "more sustainable" and profitable solutions to grow its market share in the on-demand transportation market in India.
"We have significantly improved our bottom-line over the past year or so and we have a very clear path to profitability . Within the next two years, we will be profitable," he said.

He added that the Bengaluru-based company is focussing on building "more sustainable" and profitable solutions to grow its market share in the on-demand transportation market in India.

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