Uber will not relent in seeking more market
Uber Technologies, Inc. provides a smartphone application that connects drivers with people who need a ride. The company’s application enables users to arrange and schedule transportation and/or logistics services with third party providers. Uber Technologies serves customers in North, Central, and South Americas, as well as Europe, the Middle East, Africa, and the Asia Pacific.Uber Technologies Inc. has filed a lawsuit in the High Court of Delhi seeking Rs. 49.61 crore million in damages from its Indian rival Ola. The San Francisco based company alleges that Ola has been interfering with its business operations by creating fake accounts and making false bookings.The company has a strategic partnership with Alexandria Real Estate Equities, Inc. Uber Technologies, Inc. was formerly known as UberCab Inc. and changed its name to Uber Technologies, Inc. in October 2010. The company was founded in 2009 and is based in San Francisco, California with an engineering center in Bengalu.
Launched back in 2010, Uber is an app-based transportation company headquartered in San Francisco, California. Today, it operates in roughly 270 cities and more than 60 countries worldwide. The company uses a smartphone app to receive ride requests, and then sends out these requests to their drivers who transport the customers to their final destinations.According to Uber’s lawyer, Ola used fabricated phone numbers which lead to the creation of more than 90,000 Uber accounts. It then made 400,000 false bookings which were eventually cancelled and left the drivers very frustrated. Uber was forced to pay its drivers compensations of every cancellation which resulted in massive losses.Launched back in 2010, Uber is an app-based transportation company headquartered in San Francisco, California. Today, it operates in roughly 270 cities and more than 60 countries worldwide. The company uses a smartphone app to receive ride requests, and then sends out these requests to their drivers who transport the customers to their final destinations.
In the recent past, the two have been in a tug of war, and the lawsuit only escalates the battle to capture customers in the world’s second-most populous nation. Each of them is seeking to control an individual market share in India.
A statement from Ola says that Uber is in denial of the reality in the current market and that is facing major setbacks. One of them includes the seizing of its vehicles by the government authorities. Nevertheless, Uber refused to comment on anything outside the already filed petition.