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Ola, Flipkart seek market protection against global rivals Amazon, Uber

They called the govt to allow foreign capital in India, but restrict foreign consumer internet companies from setting up shops

Alnoor Peermohamed  |  Bengaluru 

The founders of India's top two consumer Internet companies Sachin Bansal and Bhavish Aggarwal have called for enforcing protectionist measures against their global rivals Amazon and Uber, accusing these firms of dumping capital to buy customers to become monopolies in the country. India is the world's last large open market where Amazon and Uber are pitted against local rivals Flipkart and Ola respectively. Both firms have committed billions of dollars to capture India, giving tough competition to the local leaders, who have mirrored the business models of these two US internet ...

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Ola, Flipkart seek market protection against global rivals Amazon, Uber

They called the govt to allow foreign capital in India, but restrict foreign consumer internet companies from setting up shops

They called the govt to allow foreign capital in India, but restrict foreign consumer internet companies from setting up shops The founders of India's top two consumer Internet companies Sachin Bansal and Bhavish Aggarwal have called for enforcing protectionist measures against their global rivals Amazon and Uber, accusing these firms of dumping capital to buy customers to become monopolies in the country. India is the world's last large open market where Amazon and Uber are pitted against local rivals Flipkart and Ola respectively. Both firms have committed billions of dollars to capture India, giving tough competition to the local leaders, who have mirrored the business models of these two US internet ... image
Business Standard
177 22

Ola, Flipkart seek market protection against global rivals Amazon, Uber

They called the govt to allow foreign capital in India, but restrict foreign consumer internet companies from setting up shops

The founders of India's top two consumer Internet companies Sachin Bansal and Bhavish Aggarwal have called for enforcing protectionist measures against their global rivals Amazon and Uber, accusing these firms of dumping capital to buy customers to become monopolies in the country. India is the world's last large open market where Amazon and Uber are pitted against local rivals Flipkart and Ola respectively. Both firms have committed billions of dollars to capture India, giving tough competition to the local leaders, who have mirrored the business models of these two US internet ...

image
Business Standard
177 22