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Confident that strong regulatory and monitoring mechanism will eliminate problems. Despite the Delhi government and some States banning the operations of taxi aggregators after a Uber cab driver allegedly raped a passenger, investors continue to place faith in them, in the expectation that the recent problems will be resolved soon.
Industry watchers also believe this will be a lesson for investors. “We believe that this is going to be a lesson for venture funds to be more vigilant in their approach before investing in an aggregator,” said Sanchit Vir Gogia, analyst at Greyhound Research.
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