After Ola, the Karnataka country transport department is now trying to prevent the services of bike taxi organization Rapido. Citing professional sources, an ET file stated that it would quickly be filing a police complaint towards the company at the Koramangala Police station in Bengaluru. According to Gyanendra Kumar, joint commissioner (Enforcement), approximately one hundred seventy Rapido bike taxis have been seized using the branch as of Friday (April 5). The delivery branch is also predicted to levy an exceptional on Rapido as it did in the case of Ola.
Citing Narendra Holkar, extra commissioner of shipping, the record delivered that notices had been issued to Rapido directing them to prevent its motorbike taxi services at once.
Unsatisfied with Rapido’s response to its directive, the department might be taking criminal steps to ensure that the company suspends its bike services. In February, the state transport branch had written to Ola and Rapido to prevent its bike taxi offerings at once. Ola TaxiForSure Uber (OTU) Owners and drivers have also asked the authorities to stop motorcycle taxi services. Likewise, the provider is violating the Motor Vehicle Act, which mentions that vehicles with white plates cannot be used for industrial functions.
To preserve the corporations from operating the bike taxi offerings, the kingdom transport department banned Ola from strolling cab operations in Karnataka. Its license was suspended for a length of six months on March 22.
However, the ban changed into lifted after Ola paid a pleasant of INR 15 Lakh. However, the department is but to present the cab aggregator the licence to operate two-wheelers. Ola’s discern organization ANI Technologies has filed a petition in opposition to the kingdom delivery branch on the Karnataka high court for now not presenting the corporation with a license to perform bike taxis in the kingdom.
Citing an increasingly wide variety of road injuries in Bengaluru, the Karnataka transport branch had declared Uber and Ola’s motorcycle sharing offerings as “illegal” in 2016. The services were banned from the kingdom. According to a July 2018 document, the town had misplaced 3,250 human lives in avenue injuries in four years. The report also introduced that motorbike injuries have also been increasing in the city. We deliver to you the cutting-edge version of Funding Galore: Indian Startup Funding Of The Week!
This week one in every of the most critical funding got here to Bengaluru-headquartered logistics startup BlackBuck, which raised INR 553 Cr ($ seventy-nine .9 Mn) in a Series D spherical from Accel Partners US, Goldman Sachs, and B-Capital. Inc42 had earlier reported in March that the company’s pre-money valuation reached $1.11 Bn (INR 7,732 Cr) as of December 31, 2018. The organisation’s filings additionally confirmed that it targets to obtain profitability using December 2021.
This week, Bengaluru-based hyperlocal concierge app Dunzo is near securing INR 80 Cr ($eleven.5 Mn) in a Series C investment spherical led by Google. Blume Ventures and Alteria Capital, Greyhound, Beeline is also making an investment on this ongoing Series C round, a Ministry of Corporate Affairs filing confirmed. In all this week, 18 startups raised $369 Mn funding, and three startup acquisitions occurred within the Indian startup atmosphere. (This investment record is primarily based on startups that disclosed investment amount.)
