OLA Is Running Fake Account Racket To Harm Our Business, Says UBER

The Logical Indian

March 23rd, 2016

Image Courtesy: ibtimes | forbes

The competition between the two biggest taxi-hailing companies Uber and Ola takes a new turn on Tuesday when the former accused Ola of adopting fraudulent practices causing huge losses to its local rival. Uber has told Delhi High Court that Ola has created over 90,000 fake accounts on Uber app and they are booking cabs and cancelling them later. For this, Uber has sought a compensation of Rs 50 crore in damages for losses.


OLA hits back
However, Ola has denied the charges made against them. They claim this to be Uber’s media gimmick. Uber calculated a total loss of Rs 496,164,780. They also claim that Ola has created a total of 93,859 fake accounts. The Delhi High Court has given Ola four weeks to submit a detailed response though the court has listed the next hearing in September.

While Ola is India’s third-most valuable start-up with a value of $5 billion, Uber is the world’s most valuable start-up.


The Logical Indian will notify our community members on any developments in this case as and when it happens.

 

Share your thoughts

Related Stories

Uber

Uber Paid Hackers $100,000 To Cover Up Data Breach Of Over 5 Crore Passengers And Drivers

The Karnataka Transport Dept Asks Uber And Ola To Withdraw Carpool Services From This Friday

My Story: A Mumbaikar Describes The Difficulty Of Getting An Auto In Mumbai And Why People Prefer Cab Over Them

New Delhi: From August 22, Every App-Based Taxi In The Capital Will Charge Government-Set Fares

My Story: “My Driver Died In Accident, So I Am Driving The Car On His Behalf So That His Income Keeps Flowing”

Voice Of Customer: Dear Government, We Need Regulations Against The Surge Pricing Of Ola/Uber Or Such Services

Latest on The Logical Indian

News

Tamil Nadu: 40-Year-Old Housewife Arrested For Trolling Madras High Court Judge On Facebook

News

Uber Paid Hackers $100,000 To Cover Up Data Breach Of Over 5 Crore Passengers And Drivers

News

Rs 530 Cr Spent In Two Years On Swachh Bharat Mission Media Advertisements: RTI

Get Inspired

The Ragi Project: Connecting Children With Their Food Source Through Education

News

Karnataka: CM’s Convoy Blocks Ambulance, Pregnant Woman Forced To Walk To Hospital

Get Inspired

Google Doodle Celebrates 153rd Birthday Of Rukhmabai, One Of India’s First Practising Doctor