All will be well: taxi service investors

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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.

To read the Full Article, click here: The Hindu Business Line

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