Ola Co-Founder Bhavish Aggarwal has denied accusations of copying MapmyIndia. He claimed that MapmyIndia is attempting to learn 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 awakened all of a sudden sometime. Ola Electrical is just not even within the maps enterprise. Within the run-up to Ola electrical IPO they simply needed to journey on its coattails. We have now 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, an area digital navigation agency, has criticized Ola dad or mum ANI Applied sciences’ claims about making a navigation map of India, calling it a “gimmick.” When requested concerning 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 acquired licensed and acquired entry to our map knowledge, which they continued to make use of. In 2021, Ola Electrical licensed our APIs (utility programming interface) and SDKs (software program growth 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 supply proof for its declare.
“Let’s combat this. We’re very clear. We have now constructed our personal mapping know-how. We acquired an organization. We have now a variety of knowledge on mapping as a result of we have been working the journey sharing enterprise for thus lengthy. We have now our personal tech now. Our mapping is being utilized by so many purchasers. It may be 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 Companies, a subsidiary of ANI Applied sciences. Aggarwal recommended that MapmyIndia clients may be switching to Ola Maps as a result of it provides a greater product.
“So I would love you to ask them, ” What’s subsequent? You made all this noise. Do you wish to comply with up on it or comply with via 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.
