Bhavish Aggarwal, founder of Ola
Ola has made all preparations to launch its IPO. The IPO of Ola, which offers app-based taxi services and manufactures electric vehicles, is valued at around Rs 6,146 crore. Just before that, the company was served with a legal notice, in which it was accused of copying data and reverse engineering.
Ola has also recently started its new service ‘Ola Maps’. The company has received a legal notice for this service. This notice has been sent to it by a company called CE Info System.
‘MapMyIndia’ Trademark Notice
CE Info Systems is a digital navigation company. It provides mapping services under the brand name ‘MapMyIndia’. According to sources, the notice sent by the company to Ola Electric has claimed that it has copied its data to create ‘Ola Maps’. The company has ‘reverse engineered’ its application.
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CE Info Systems has said in its notice that Ola Electric allegedly violated the agreement entered into with it in June 2021. The owner of MapMyIndia says that Ola has copied the company’s map data to gain unfair commercial benefits.
Reverse engineering is usually done on mechanical products. For example, each part of a car or airplane engine is opened up and it is observed how it is put together and how it works. However, now in the digital age, many applications and software are also subjected to reverse engineering, where the codes of that application or software are read backwards from start to finish.
The attempt to negotiate failed
A source said on condition of confidentiality that this notice was sent to Ola after talks failed. The company had attempted to resolve the matter in this regard through negotiations with Ola. Ola Electric spokesperson has denied the alleged allegations by CE Info Systems Limited and termed them as false, malicious and misleading. The company will soon give a befitting response to the notice.
Ola’s IPO is expected to open on August 1 and close on August 6.
