Search icon
Download the all-new Republic app:
NIFTY 50 23,753.45 up stock 165.95 (0.70%)
NIFTY 100 24,599.75 up stock 150.90 (0.62%)
NIFTY 500 22,412.30 up stock 92.90 (0.42%)
NIFTY MIDCAP 50 15,955.25 up stock 74.15 (0.47%)
INDIA VIX 13.52 Down stock -1.55 (-10.30%)
NIFTY MIDCAP 150 21,076.15 up stock 25.55 (0.12%)
NIFTY SMALLCAP 50 8,893.75 Down stock -32.10 (-0.36%)
NIFTY BANK 51,317.60 up stock 558.40 (1.10%)
NIFTY AUTO 22,557.75 Down stock -22.25 (-0.10%)
NIFTY FMCG 56,135.05 up stock 534.25 (0.96%)
NIFTY IT 43,828.35 up stock 57.30 (0.13%)
NIFTY MEDIA 1,880.45 Down stock -7.45 (-0.39%)
NIFTY METAL 8,891.40 up stock 78.15 (0.89%)
NIFTY PHARMA 22,572.05 up stock 70.20 (0.31%)
NIFTY PRIVATE BANK 24,833.35 up stock 215.75 (0.88%)
NIFTY REALTY 1,075.65 up stock 15.55 (1.47%)
NIFTY OIL & GAS 10,689.65 up stock 82.05 (0.77%)
NIFTY COMMODITIES 8,246.95 up stock 58.50 (0.71%)
NIFTY ENERGY 35,147.75 up stock 237.15 (0.68%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)
NIFTY 50 23,753.45 up stock 165.95 (0.70%)
NIFTY 100 24,599.75 up stock 150.90 (0.62%)
NIFTY 500 22,412.30 up stock 92.90 (0.42%)
NIFTY MIDCAP 50 15,955.25 up stock 74.15 (0.47%)
INDIA VIX 13.52 Down stock -1.55 (-10.30%)
NIFTY MIDCAP 150 21,076.15 up stock 25.55 (0.12%)
NIFTY SMALLCAP 50 8,893.75 Down stock -32.10 (-0.36%)
NIFTY BANK 51,317.60 up stock 558.40 (1.10%)
NIFTY AUTO 22,557.75 Down stock -22.25 (-0.10%)
NIFTY FMCG 56,135.05 up stock 534.25 (0.96%)
NIFTY IT 43,828.35 up stock 57.30 (0.13%)
NIFTY MEDIA 1,880.45 Down stock -7.45 (-0.39%)
NIFTY METAL 8,891.40 up stock 78.15 (0.89%)
NIFTY PHARMA 22,572.05 up stock 70.20 (0.31%)
NIFTY PRIVATE BANK 24,833.35 up stock 215.75 (0.88%)
NIFTY REALTY 1,075.65 up stock 15.55 (1.47%)
NIFTY OIL & GAS 10,689.65 up stock 82.05 (0.77%)
NIFTY COMMODITIES 8,246.95 up stock 58.50 (0.71%)
NIFTY ENERGY 35,147.75 up stock 237.15 (0.68%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Published 16:35 IST, August 23rd 2024

No credibility in MapmyIndia claims, no reply to legal notice: Ola CEO

Homegrown digital navigation firm MapmyIndia has questioned claims of Ola parent ANI Technologies on developing a navigational map of India.

Bhavish Aggarwal | Image: ANI

Ola Co-Founder Bhavish Aggarwal has rejected claims of copying MapmyIndia, saying the map company was attempting to ride on Ola Electric's listing coattails.

The Chairman and Managing Director of Ola brand owner ANI Technologies told PTI that the company has sent legal notice to MapmyIndia but hasn't received any reply from them.

"Empty vessels make more sound. These people woke up suddenly someday. Ola Electric is not even in the maps business. In the run-up to Ola electric IPO they just wanted to ride on its coattails. We have also given them legal notice, their reply has not come till date," Aggarwal said.

Ola Electric got listed on the bourses on August 9. The company raised Rs 5,500 crore from its initial public offering.

MapmyIndia had sent them notice on July 23-- three days before the red-herring prospectus was filed by Ola Electric.

Homegrown digital navigation firm MapmyIndia has questioned claims of Ola parent ANI Technologies on developing a navigational map of India and called the announcement a "gimmick".

When contacted MapmyIndia to check the status of their legal notice, the company shared a transcript of its earning call dated August 12 in which its CEO and ED Rohan Verma shared an update on legal notice sent to ANI Technologies.

"In 2015, Ola ANI Technologies got licensed and got access to our map data, which they continued to use. In 2021, Ola Electric licensed our APIs (application programming interface) and SDKs (software development kits) for their navigation in their vehicles and continued to use us. Because we have seen certain breaches of terms and conditions, we have started the legal process," Verma said.

The company did not share an update on the legal notice sent to it by Ola.

Aggarwal said that he would ask MapmyIndia to substantiate its claim.

"Let's fight this. We are very clear. We have built our own mapping technology. We acquired a company. We have a lot of data on mapping because we've been running the ride sharing business for so long. We have our own tech now. Our mapping is being used by so many customers. It might be hurting them, that is why they are making noise," he said.

As per Ola Electric IPO papers, ANI Technologies' subsidiary Geospoc Geospatial Services owns Ola Maps.

Aggarwal said many of MapmyIndia customers may be moving on to Ola Maps because it is a better product.

"So I would actually like you to ask them, " What's next? You made all this noise. Do you want to follow up on it or follow through on it? They won't do it because there's no credibility in their claims," he said.

MapmyIndia in the earning call has played down any threats on its map business from the entrant.

Updated 17:29 IST, August 23rd 2024

LIVE TV

Republic TV is India's no.1 English news channel since its launch.