Ola Co-Founder Bhavish Aggarwal has denied accusations of copying MapmyIndia. He claimed that MapmyIndia is attempting to profit from Ola Electrical’s upcoming itemizing. Aggarwal, Chairman and Managing Director of Ola, mentioned that the corporate has despatched a authorized discover to MapmyIndia however has not but obtained a response.
“Empty vessels make extra sound. These folks wakened instantly sometime. Ola Electrical will not be even within the maps enterprise. Within the run-up to Ola electrical IPO they simply wished to trip on its coattails. We’ve additionally given them authorized discover, their reply has not come until date,” Aggarwal mentioned.
Ola Electrical was listed on the inventory exchanges on August 9, elevating Rs 5,500 crore from its preliminary public providing. MapmyIndia despatched a discover to Ola Electrical on July 23, three days earlier than Ola Electrical filed its red-herring prospectus.
MapmyIndia, a neighborhood digital navigation agency, has criticized Ola mum or dad ANI Applied sciences’ claims about making a navigation map of India, calling it a “gimmick.” When requested in regards to the authorized discover, MapmyIndia offered a transcript from its August 12 earnings name, the place CEO Rohan Verma gave an replace on the discover despatched to ANI Applied sciences.
“In 2015, Ola ANI Applied sciences received licensed and received entry to our map information, which they continued to make use of. In 2021, Ola Electrical licensed our APIs (utility programming interface) and SDKs (software program improvement kits) for his or her navigation of their autos and continued to make use of us. As a result of now we have seen sure breaches of phrases and situations, now we have began the authorized course of,” Verma mentioned.
The corporate didn’t present an replace on the authorized discover it obtained from Ola. Aggarwal mentioned he’ll ask MapmyIndia to offer proof for its declare.
“Let’s combat this. We’re very clear. We’ve constructed our personal mapping expertise. We acquired an organization. We’ve quite a lot of information on mapping as a result of we have been working the trip sharing enterprise for therefore lengthy. We’ve our personal tech now. Our mapping is being utilized by so many shoppers. It is perhaps hurting them, that’s the reason they’re making noise,” he mentioned.
Ola Electrical’s IPO paperwork state that Ola Maps is owned by Geospoc Geospatial Providers, a subsidiary of ANI Applied sciences. Aggarwal steered that MapmyIndia prospects is perhaps switching to Ola Maps as a result of it provides a greater product.
“So I would really like you to ask them, ” What’s subsequent? You made all this noise. Do you need to observe up on it or observe by way of on it? They will not do it as a result of there isn’t any credibility of their claims,” he mentioned.
In its earnings name, MapmyIndia downplayed any issues about competitors from the brand new entrant.
