With reference to the editorial, “New-age Bombay Club” (December 15), it is a pity that the founders of Flipkart and Ola said what they did. It is unfortunate that they are cribbing about their competitors having huge access to foreign capital. By complaining against them, Flipkart and Ola are only telling the world that they are not ready for competition.
In today’s dog-eat-dog world of competition, every company has its USP and weaknesses. It all comes down to how a company leverages the opportunities it has to become successful. Only the fittest may survive, as there would likely never be a dearth of start-ups that come up with something refreshing and niche. No one can claim monopoly.
The editorial rightly points out that when Mumbai’s taxi drivers went on strike against Ola, the company said the government should not interfere. Now, when Ola is feeling the pinch of competitors with deep pockets, it is begging before the government. Flipkart and Ola may have foreign investors in the future; then their cribbing at present is not justified.
In the age of technological revolution fortunes of companies may change in a month: Several foreign companies have shut shop and gone back from India. Thus, companies have to be alert always and align themselves with the changing ground reality.
Bal Govind, Noida
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