SC asks Center to Regulate Ola & Uber for Women Safety

If Supreme Court has its way then ride hailing majors like Uber and Ola will soon have to abide by new rules and regulations to ensure the safety of women passengers. The country’s top court on Wednesday ordered the Indian government to consider framing law to regulate cab hailing companies for providing adequate security to…

ByGirish ShettiJuly 31, 20190Comments

News

Ola and Uber’s India Growth Story hits a Speed-Breaker

Is Ola and Uber’s India growth story flattering? If both ride-hailing major’s growth numbers for past six months are anything to go by then the unbiased and overwhelming answer would be ‘yes.’ Two companies’ daily rides have posted disappointing growth of only 4% during the last six months, increasing from 3.5 million to 3.65 million. Ola…

ByGirish ShettiJune 4, 20190Comments

News

Uber Ties with Yulu for offering bicycles and bikes on rent

After brining auto rickshaws in its fold, Uber India has now decided to expand its services to bicycles. Ola’s main rival has apparently joined hands with bicycle rental company Yulu that will soon allow Uber’s customers to hire bicycles on rent. This business joint venture is mostly hinting towards the fact that Uber may have…

ByGirish ShettiMay 3, 20190Comments

Acquisitions

UberEats is off Swiggy’s Acquisition Menu: Report

Foodtech majors Swiggy and UberEats have called off their much hyped up acquisition talks, according to people familiar with matter. The high profile acquisitions talks collapsed as both companies failed to agree on number of contagious issues like financial terms and taxation clauses, sources have claimed. The collapse of acquisition talks has scuttled down the…

ByGirish ShettiApril 5, 20190Comments

News

Uber India Witnessed Bumper Growth in Revenue & Net profit in FY18

Uber’s India business is steadily consolidating its performance as has been revealed by its latest filing, which was accessed by business intelligence platform Tofler. As per the filing, the revenue of Uber India - Uber India Technology – grew by 19.67% to touch $3.05 Mn (INR 21.5 Cr) in the financial year ending March 2018.…

ByGirish ShettiJanuary 3, 20190Comments

Funding News

SoftBank is Gearing to Invest another $1 Bn in Grab: Report

Softbank is all set to pour 1$ Bn in Southeast Asia’s ride-hailing major Grab, according to TechCrunch. SoftBank, which is already the largest shareholder of Grab, will reportedly make the investment through its SoftBank Vision Fund. The investment could reach as much as $1.5 Bn, TechCrunch claimed after citing an unnamed source. Softbank and Grab have…

ByGirish ShettiDecember 21, 20180Comments

News

Uber Eats will now Deliver Starbucks Coffee for you

It will be a grave mistake on the part of analysts as well as business enthusiasts to underestimate the role that Uber Eats can play in propping up Uber’s valuation ahead of its much anticipated IPO. The cab hailing major surely wants to prove through Uber Eats that it is well capable of diversifying into…

ByGirish ShettiDecember 14, 20180Comments

News

Uber finally Inches Closer to the IPO Milestone: Sources

Uber Technologies Inc has filed paperwork for its highly anticipated initial public offering, as per three people aware of the matter. If this report is indeed true then this will go down as an important milestone for one of the most followed and reputed global startups. The ride-hailing giant filed the confidential paperwork on Thursday, according…

ByGirish ShettiDecember 10, 20180Comments

Lyft Beats Uber in the IPO race. Image Source: Flickr

News

Lyft Beats Big Brother Uber in the IPO Race

Lyft pulled off a major surprise on Thursday as it filed for an IPO draft with the U.S. Securities and Exchange Commission (SEC), according to a press release issued by the company. Lyft didn’t disclose the exact timing of its IPO, but news agency Reuters claim that the IPO may hit the market during first…

ByGirish ShettiDecember 7, 20180Comments

News

Ola & Uber see Drastic Slowdown in the Growth of Daily Rides: Report

The two biggest sharks in India’s cab hailing industry - Ola & Uber - have reportedly witnessed serious slowdown in the growth of their rides over the past one year. However, if grapevines are to be believed then both companies are least surprised by this downward trend. Industry experts claim that this downward trend is the…

ByGirish ShettiSeptember 24, 20180Comments

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