Taxi service Ola Cabs on Monday reported a revenue growth by seven times but also incurred a triple-fold loss on the back of substantial discounts to customers and spending on incentives to its drivers. According to reports, Ola posted revenue of Rs 758.23 crore in 2015-16, compared to Rs 103.8 crore in the year-ago period, while losses nearly tripled to Rs 2,313.7 crore from Rs 796 crore in the same period.
