Urgent need for regulation to curb capital dumping: Ola COO
Japan's SoftBank-backed ride-hailing startup Ola's Chief Operating Officer Pranay Jivrajka on Sunday said, "There's an urgent need for adequate regulation to curb predatory pricing and capital dumping in the ecosystem in the interest of co-existence of all players in the ecosystem". He added, "Capital should be used for sustainability". Notably, Ola has raised ₹8,010 crore from foreign investors.