"We have been demanding the reduction of commission taken by the aggregators as the entire maintenance and expenditure is borne by the cab owners. Also, we want them to revive the IDs of the drivers that have been blocked without any reason," Indranil Banerjee, Convenor of WBOCOG said.
OLX is playing a significant role, commanding over 85% market share in the online classifieds market in India. Today, used cars are the biggest segment of consumer transactions at OLX and as per the industry.
The company is trying to bring insurance to more consumers and make the process of getting insurance easier. They claim the insurance will have sales support to help with purchasing and claims assistance.
Digvijay Singh, COO IAN said, “IAN’s investment in Spinny was driven by the belief in the founding team’s vision and expertise, as well as its business model. With this exit, IAN investors are reaping the dividends of their faith in this high-potential venture, led by a team focused on execution in the auto space."
Ola founder and CEO Bhavish Aggarwal revealed that the Bengaluru-based company had to compete fiercely with Uber who was outspending what was then a startup “almost 5:1” or essentially spending 5 times as much as Ola.