As Uber is busy making exits, Ola is busy expanding international operations

Ola enters UK to mark its international expansion. It has been barely six months that Ola made its first international foray by entering in the Australian market, now India’s largest cab hailing company is all set to enter the U.K market to mark its second phase of international expansion. The company announced on Tuesday that it…

ByGirish ShettiAugust 7, 20180Comments

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Uber tries to stage comeback in Japan with Pilot Service Program

Uber tries to revive fortune in japanese market with pilot service program. After years of sluggish growth in the Japanese market, Uber is all set to make a renewed effort to revive its fortune in the world’s third largest economy. This is thanks to the fact that the U.S ride-hailing giant has secured permission to start…

ByGirish ShettiMay 23, 20180Comments

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Ola in Talks to Acquire Uber’s India Business: Sources claim

Ola in discussion to acquire Uber’s India business. Days after selling its Southeast Asian business to regional rival Grab, Uber may now follow the same recourse for its India business as it looks to trim down its mounting losses. Reliable sources have revealed to top media publications that Uber is currently holding talks with its Indian competitor…

ByGirish ShettiMarch 29, 20180Comments

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Uber Officially Agrees to Sell Southeast Asian Business to Regional Rival Grab

Uber officially agrees to sell Southeast Asian business to Grab. In what could turn out to be a watershed movement for Uber, the American ride-hailing giant on Monday officially confirmed that it has agreed to sell its Southeast Asian business to regional rival Grab. The deal marks Uber’s latest retreat from a highly lucrative international market…

ByGirish ShettiMarch 26, 20180Comments

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Uber Inching close towards selling Southeast Asian Business to Grab: Report

Uber Inching close towards selling Southeast Asian Business to Grab. Singapore based Grab, the market leader in Southeast Asia’s ride hailing market, is close on the heels of acquiring Uber Technologies business in the region, according to sources close to the matter. Sources claim that the high profile deal is most likely to be sealed in…

ByGirish ShettiMarch 9, 20180Comments

Utility focussed

Uber CEO Says will continue to Invest in Southeast Asian Market

Uber CEO says will continue to Invest in southeast asian market. Uber’s new chief Dara Khosrowshahi has pledged that the ride-hailing giant will continue to invest heavily in Southeast Asia despite mounting losses. Khosrowshahi’s disclosure came while talking to the press in Indian capital city of New Delhi, where he is scheduled to attend a business…

ByGirish ShettiFebruary 22, 20180Comments

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Ola Makes Australian Debut with Trail Operation in Perth

Ola makes Australian debut with soft launch in Perth. India’s ride-hailing Major Ola has finally made its international debut by launching a trail based service in Perth city, capital of Western Australia, according to a statement issued by the company on Wednesday. This marks a new chapter for the cab aggregator firm, which until now offered…

ByGirish ShettiFebruary 14, 20180Comments

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SoftBank All set to Pick Up 15% Stake in Ride Hailing Major Uber

A consortium led by Japanese telecommunication giant SoftBank picks up 18% stake in Uber. A consortium led by Japanese telecommunication giant SoftBank will pick up 18 percent stake in the ride-hailing major Uber Technologies Inc, Uber said on Thursday. The new development will be seen as a major triumph for company’s new CEO Dara Khosrowshah. The…

ByGirish ShettiDecember 29, 20170Comments

News

Uber Ready To Let Go Loss Making Auto Business ‘Xchange Leasing’: Report

Uber is reportedly selling off its leasing arm Xchange Leasing. Ride hailing giant Uber is all set to sell its loss making auto leasing unit ‘Xchange Leasing’ by selling it to car lending startup Fair, according to a report in the Wall Street Journal. The report comes closely on the heels of the news that Uber…

ByGirish ShettiDecember 27, 20170Comments

News

Uber partners with Barclays and Visa to introduce a new credit card

At the Money2020 conference in Las Vegas, the cab-hailing giant, Uber announced of getting into the credit card business in partnership with Barclays and Visa. With the new credit card system, users earn rewards in the form of points from ride-hailing, purchases from the restaurants, hotels and of course, UberEats. Uber's ride-hailing service is used by…

ByPrashant SharmaOctober 26, 20170Comments

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