The Supreme Court of India, Wednesday, ordered the Central government to initiate suitable measures to regulate Ola and Uber, the app-based cab services, in the country.
A bench headed by Justice S A Bobde was hearing a matter related to safety and security of women.
The bench also comprising justices R Subhash Reddy and B R Gavai asked the petitioner to give a representation to the Centre on the issue of regulation of cab aggregators.
While, Ola, Bhavish Aggarwal and Ankit Bhati-led was founded in December 2010 as an online cab services in Mumbai. It is an online transportation network company developed by ANI Technologies Pvt. Ltd. The company has been expanding its horizons with focus on credit over the last few years.
Uber is an American multinational transportation network company which is based-out of San Francisco. It offers services that include peer-to-peer ride sharing, ride service hailing, food delivery, and a bicycle-sharing system.
Apart from Uber and Ola, there are other significant startups in the category, which includes Cabs, Lyft, Curb, DidiChuxing, Grab, and many more.