Orios Venture Partners Managing Partner Rehan Yar Khan describes the regulatory and legal battles Ola's founders had to overcome in the startup's early years.
“Somebody had got an FIR filed against them, against the founders in the RTO for operating illegal services, so they had to deal with that.”
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More from Rehan Yar Khan
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Khan: Startups are now India's largest job-creating industry
“And certainly if you look at the last 12 years in 2008 is when the venture capital revolution started in India. This is the largest job creating industry in India. It's no longer IT services or banking or something like that. It's the startup industry, right?”
Khan: Ola was funded before Uber existed; it was not a copycat
“I was the first investor in Ola. Very interesting investment in Ola. A lot of people don't know this, but, ah, the Ola investment was actually a pre Uber investment. Uber didn't actually exist when we invested in Ola. So, a lot of people always think Ola was a…”
Khan: Passed on OYO after meeting a sleeping 17-year-old Ritesh Agarwal
“So I think OYO was a company I had met Ritesh, and I didn't end up investing. In, in my defense, you know, he was 17 years old, and when I met him, he was sleeping.”
Khan: Ola beat Uber in India by aggregating one million tourist vehicles
“See the reason I think the reason Ola won in India versus Uber, they never, they were never a copy of Uber. It was an original idea. That the OLA team had that there are a million tourist vehicles in India and I can aggregate them.”
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