SoftBank funding in firing line: Meru takes Ola, Uber to competition panel

Stepping up its legal challenge, Indian taxi company Meru Cabs has decided to take local competitor Ola and US rival Uber to the Competition Commission of India (CCI), alleging the latter have been abusing their market position. Meru believes that the planned investments in both by Japan’s SoftBank underscores its view.

The head of Meru Cabs said the company has filed four new complaints with the country’s antitrust watchdog, claiming that Uber and Ola are abusing their dominance in four different cities by burning vast sums of investor funds to distort the market.

“Even before there is any merger or