Meru CEO Says Ola And Uber Are Losing 3400 Million Rupees Each
Wednesday, December 21, 2016, 6:49 PM
Siddhartha Pahwa, CEO of Meru, the radio taxi service cabs says, cab hailing firms Uber and Ola are losing 3400 million rupees every month. Pahwa says, the only difference between us and them is that they are dumping capital on drivers and customers, and we aren’t. They are burning money as there is not enough business out there and their business is not sustainable.