Friday, 16 December 2016

Uber CEO takes a jibe at Ola, says ready for Indian citizenship

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Taking a jibe at Ola’s Bhavish Aggarwal on the issue of nationalism in Indian startups, Uber CEO Travis Kalanick said that he will apply for Indian citizenship if it comes to it. “I will apply for Indian citizenship if it this gets over the top," Kalanick joked in a fire-side chat session with NITI Aayog CEO Amitabh Kant. “Ola has raised lots of investment. A vast majority of Ola and Uber is foreign-owned. 

At the end of the day we respect team Ola and will continue to do so," he added. Recently, Ola's Bhavish Aggarwal argued that it's much easier for non-Indian companies to raise capital because they have profitable markets elsewhere. “You might call it capital dumping, predatory pricing or anti-WTO but it’s a very unfair playing field for Indian startups,” Aggarwal said. Ironically, Ola has been funded by Japan’s Softbank.

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