Several startups — backed by big Silicon Valley venture firms and Uber’s Indian competitor, Ola — are betting that shared motorbikes are better suited to wallets and transportation needs than the cars that are the heart of the ride-hailing industry.
Aggarwal and Son reached the preliminary deal to inject more cash into the India startup in 2017. Under terms of the agreement, SoftBank would invest $250 million right away and then plow the rest of the $1.1 billion within six months.
With the Winter Session of the Maharashtra Legislative Assembly scheduled to start from November 19, the drivers said that they would try to meet CM Devendra Fadnavis and state Transport Minister Diwakar Raote on Monday to discuss their demands.
On Friday, after State Transport Minister Diwakar Raote assured drivers that a new fare scheme, which will hike the base fares of their cab rides, would be introduced by November 15, drivers called off the strike.
The strike was called off on the condition that cab aggregators -- Ola and Uber -- would prepare a new fare chart on price-per-kilometre, by mid-November, which will take into consideration the rising fuel prices, sources said.
The complaint was filed by NGO Nyayabhoomi through its secretary Rakesh Agarwal. The court said the clauses of the City Taxi Scheme (CTS), 2015 mandate that only fares “prescribed” by the transport department can be charged. To know more about the story watch out the video