Mobility startups need to navigate through grey regulatory zones
Financial Express Chennai|December 04, 2024
MOBILITY AND RIDE-HAILING startups need not wait for full clarity on the regulatory front and it's fine if they operate in the grey area, in the initial stages, if that is not outright illegal, Kunal Khattar, co-founder of AvantEdge, an early investor in ride-hailing firm, Rapido, told FE.
ANEES HUSSAIN

"Unfortunately, in India, policies move at a much slower pace than technology and product innovation. As a category creator, you will have to operate in the grey area at least in the initial stages of your product life cycle. As long as you are not outright illegal, it's okay. You don't have to be 100% legal. Policy will hopefully catch up," Khattar said.

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