Ride-hailing platform Ola Consumer saw its losses double to ₹662.4 crore in FY25 from ₹328.5 crore a year earlier, as revenue from operations fell sharply amid intensifying competition in India’s mobility market.
According to Tracxn data, the company’s operating revenue declined 42 per cent to ₹1,171 crore in the financial year ended March 2025, compared with ₹2,012 crore in FY24.
The drop comes just a year after Ola Consumer crossed the ₹2,000 crore revenue mark, highlighting the pressure on growth in its core ride-hailing business.
Revenue contributor
The company’s mobility segment, which includes ride-hailing operations, remained its largest revenue contributor, accounting for nearly 79 per cent of operating revenue. However, income from the segment fell more than 47 per cent to ₹925 crore in FY25 from ₹1,761 crore in the previous fiscal.
Despite the steep decline in revenue, Ola Consumer undertook aggressive cost rationalisation measures during the year. Employee expenses fell nearly 39 per cent to ₹205 crore from ₹334 crore a year ago, helping contain overall expenditure. Total expenses stood at ₹ 2,038 crore in FY25, marginally lower than ₹2,107 crore in the previous year.
At the same time, the company significantly increased spending on customer acquisition and brand visibility. Marketing expenses more than doubled to ₹233 crore from ₹107 crore in FY24, indicating a renewed push to defend market share against rivals in the highly competitive ride-hailing space.
Beyond mobility, the company generated ₹61 crore from commerce, logistics and other services. Non-operating income stood at ₹198 crore, largely driven by interest earned on fixed deposits and current investments, taking total income for FY25 to ₹1,369 crore.
Ola Consumers’ board, in September last year, approved a proposal to go public. The company accounted for ₹18.8 Cr as a prepaid expense for the IPO process in FY25.
This comes at a time when the company has been loosing market share to Rapido and others.