Indian rival slams Uber's business model

The article discusses the rivalry between Uber and its top competitor in India. Ola, Uber's Indian rival, has criticized Uber's business model, suggesting that the U.S. startup should adapt to local market conditions in India. Ola's co-founder, Bhavish Aggarwal, stated that Uber's approach of importing its global model to India has not been successful. Aggarwal emphasized the importance of understanding and catering to the unique needs and preferences of the Indian market, which differs significantly from the U.S. market. The article highlights that Ola has been able to gain a significant market share in India by tailoring its services to local customers, such as offering a variety of vehicle options and integrating with popular digital wallets. In contrast, Uber has faced challenges in adapting its platform to the Indian market. The article suggests that Uber's struggle to gain a stronger foothold in India highlights the importance of localization and understanding the specific needs of different markets when expanding globally.