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Well, it was a bad move in the first place to play around with loopholes on part of Uber. Though its services are a win-win for Indian Customers,.. Uber started
by rikacomet 12y ago
Well, it was a bad move in the first place to play around with loopholes on part of Uber. Though its services are a win-win for Indian Customers,.. Uber started on a wrong note in the first place.
There are hundreds of MNC operating in India, including global giants like Pepsi, MS, etc. Though they are not entirely clean themselves especially when it comes to factors such as environmental clearances, at least on paper none of them messes with RBI's financial guidelines. It is the RBI's job, to check anyone who is playing with the financial rules in place in India. Had Uber tried to negotiate, and negotiate hard.. it wouldn't have ended up shutting down.
Uber had a good chance to learn from Paypal, and what led to its demise was exactly the same thing .. avoiding the extra precautionary measures in place in India. Instead of giving in to RBI, taking a stubborn stand. The CEO was supposed to innovate the strategy at this point.
Amazon had previously kept itself away from the same tangle, and for years Indian e-commerce was dominated by ebay, until recently. Amazon re-entered the Indian market, albeit on attempt 3 or 4 now as Amazon.in
Now that is done and over, Uber's re-entry would become much harder, cause as they say "first impression is the last impression"