Meru Cabs has filed four complaints with the Competition Commission of India against cab-hailing firms Ola and Uber for allegedly abusing their dominance in four cities by burning vast sums of investor funds to distort the market. The development comes on a day Ola said it had raised $1.1 billion from Tencent and SoftBank.
Meru had previously knocked on the CCI’s door against Ola, but the regulator had rejected its plea. But the situation has changed. Meru has indicated that it sees a larger strategic play by SoftBank in India, after SoftBank Vision Fund CEO Rajeev Misra said he was looking at making peace between Ola and Uber. VCCTV explores the possibilities.
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