<p>New Delhi: Ride-hailing services provider <a href="https://www.deccanherald.com/tags/ola">Ola</a> has decided to shut down operations in the UK, Australia and New Zealand and will continue to focus on India business, its promoter ANI Technologies said on Tuesday.</p>.<p>The Softbank-backed company said that it sees immense opportunity for expansion in India.</p>.<p>"Our ride-hailing business is growing rapidly, and we remain profitable and segment leaders in India. The future of mobility is electric - not just in personal mobility, but also for the ride-hailing business and there is immense opportunity for expansion in India."</p>.<p>"With this clear focus, we have reassessed our priorities and have decided to shut down our overseas ride-hailing business in its current form in the UK, Australia and New Zealand," an Ola Mobility spokesperson said.</p>.Bengaluru man gets same driver on Ola and Uber, 'true hustler' say netizens.<p>The company had launched these operations in phases in 2018.</p>.<p>ANI Technologies has reported a narrowing of consolidated net loss to Rs 772.25 crore in the fiscal 2023, according to a regulatory filing. The company posted a consolidated loss of Rs 1,522.33 crore in the financial year (FY) 2022.</p>.<p>The consolidated revenue from operations increased by about 48 per cent to Rs 2,481.35 crore in FY23 from Rs 1,679.54 crore in the year-ago period.</p>.<p>On a standalone basis, ANI Technologies, which comprises a ride-hailing business, has reported a narrowing of loss to Rs 1,082.56 crore in FY23 compared to a loss of Rs 3,082.42 crore in FY22.</p>.<p>"We remain very excited and focused on our mission to serve 1 billion Indians. As a technology-first business, leading with innovation, we are confident to spearhead the country's mobility ambitions and lead the next phase of growth in the industry at large," the spokesperson said.</p>
<p>New Delhi: Ride-hailing services provider <a href="https://www.deccanherald.com/tags/ola">Ola</a> has decided to shut down operations in the UK, Australia and New Zealand and will continue to focus on India business, its promoter ANI Technologies said on Tuesday.</p>.<p>The Softbank-backed company said that it sees immense opportunity for expansion in India.</p>.<p>"Our ride-hailing business is growing rapidly, and we remain profitable and segment leaders in India. The future of mobility is electric - not just in personal mobility, but also for the ride-hailing business and there is immense opportunity for expansion in India."</p>.<p>"With this clear focus, we have reassessed our priorities and have decided to shut down our overseas ride-hailing business in its current form in the UK, Australia and New Zealand," an Ola Mobility spokesperson said.</p>.Bengaluru man gets same driver on Ola and Uber, 'true hustler' say netizens.<p>The company had launched these operations in phases in 2018.</p>.<p>ANI Technologies has reported a narrowing of consolidated net loss to Rs 772.25 crore in the fiscal 2023, according to a regulatory filing. The company posted a consolidated loss of Rs 1,522.33 crore in the financial year (FY) 2022.</p>.<p>The consolidated revenue from operations increased by about 48 per cent to Rs 2,481.35 crore in FY23 from Rs 1,679.54 crore in the year-ago period.</p>.<p>On a standalone basis, ANI Technologies, which comprises a ride-hailing business, has reported a narrowing of loss to Rs 1,082.56 crore in FY23 compared to a loss of Rs 3,082.42 crore in FY22.</p>.<p>"We remain very excited and focused on our mission to serve 1 billion Indians. As a technology-first business, leading with innovation, we are confident to spearhead the country's mobility ambitions and lead the next phase of growth in the industry at large," the spokesperson said.</p>