- In an agreement before the Delhi High Court Mediation and Conciliation Centre, GrabOnRent entered into a settlement with GrabOn and agreed that it shall refrain itself and its vendors, distributors, sellers, etc. to sell, advertise or deal in goods or services under the mark ” GrabOnRent” , ” GrabOn” or similar trademark and domain name within the agreed timeframe.
- The settlement came in the light of trademark infringement case filed by Hyderabad-based deals and coupons startup GrabOn against Bengaluru-based on-demand product rental marketplace GrabOnRent.
- GrabOn was founded in September 2013 by Ashok Reddy and offers coupons and deals.
- GrabOn filed a lawsuit against GrabOnRent in the Delhi High Court, on the grounds of misusing the former’s goodwill and causing confusion due to the deceptively similar brand names.
Read full article: inc42.com