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Ride-hailing company Ani Technologies Pvt Ltd, popularly known as Ola Cabs, saw its loss widening to Rs 3,082 crore in 2021-22, according to financial data accessed by business intelligence platform Tofler. The company’s losses have more than doubled on a year-over-year basis, the data showed.

“Ani Technologies Pvt Ltd, an online transportation network company (popularly known as Ola Cabs), reported its revenues for the 2021-22 financial year at Rs 1,350 crore, a 49% jump since the last financial year,” Tofler said in a statement.

“The company further reported a net loss of Rs 3,082 crore during the fiscal. This is a 132% higher than the last financial year,” the statement said.

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The company’s total expenses for the fiscal were reported as Rs 1,539 crore, the statement said. An email query sent to Ola seeking a response did not elicit an immediate reply. Ola operates in more than 250 cities in India, Australia, New Zealand, and the UK.