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Posts Tagged ‘ ANI Technologies Pvt Ltd ’

Meru Cabs CEO Siddhartha Pahwa resigns, mulls starting up

Tuesday, November 29, 2016 | More »

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Meru Cabs CEO Siddhartha Pahwa has resigned from the Mumbai-based radio taxi firm and will be replaced by CTO Nilesh Sangoi from January. The decision was first announced by Pramod Kabra, partner at India Value Fund Advisors (IVFA), Meru’s biggest investor, in an email to Meru’s top brass. Later...

Uber

Uber drivers in US join protest for minimum wage

US-based cab-hailing service firm Uber Technologies Inc is facing a backlash from its driver partners in its home country. Drivers of Uber, the world’s most valued startup, joined together in a nationwide protest on Tuesday, to call for a minimum hourly wage of $15 compared with $7.25 currently. A...

29 November, 2016 | More »

Ola

Ola, Uber drivers go on strike in Guwahati over shrinking incentives

Drivers of Ola and Uber started a 36-hour-long strike in Guwahati to protest against their decreasing income as the taxi-hailing firms continue to acquire more cabs. Around 12,000 cabs are off the road in the city, according to a report by news agency ANI. “Our demands should be fulfilled because ...

24 November, 2016 | More »

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Uber, Ola target wedding season with tailor-made logistics services

Just as the wedding season starts in the country, cab-hailing companies Ola and Uber have introduced new services to cater to all wedding-related travels in a market where the two are battling to establish a position of dominance. While Uber announced its wedding logistics transport offering christe...

21 November, 2016 | More »

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Uber hikes commission to 30% for select drivers

After reducing incentives for drivers nearly a month ago, cab-hailing firm Uber has started charging higher commission from select drivers as it pilots a new payment structure. The company has increased the commission rate to 30% from 25% for a small group of drivers for some time, according to a re...

17 November, 2016 | More »

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Ola starts postpaid service to let users pay within seven days

ANI Technologies Pvt. Ltd, which runs cab-hailing app Ola, has launched a postpaid service that gives users seven days of credit to pay for their travel. The move comes in the wake of the Indian government’s withdrawal of Rs 500 and Rs 1,000 notes, which has led to a massive cash crunch in the cou...

16 November, 2016 | More »

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Karnataka HC upholds ban on surge pricing by Ola, Uber

In a blow to ride-hailing apps Uber and Ola, the Karnataka High Court on Thursday upheld the state’s ruling on a cap on cab fares. The Karnataka government had notified in April that cab-hailing firms should get a permit before operating in the state, to comply with Karnataka On-demand Transportat...

10 November, 2016 | More »

Ola

Ola to pursue predatory pricing complaint with government

Cab-hailing service Ola is pursuing its predatory tactics complaint against its competitor—the US-headquartered Uber, though it did not specifically name the latter—with government authorities. “We have spoken to a few stakeholders in the government. We have made the government aware of the pr...

8 November, 2016 | More »

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Snapdeal, Ola valuation knocked down again by SoftBank

Japanese telecom and internet giant SoftBank Group Corp has once again marked down the value of its investments in its two flagship investments in India – cab-hailing app Ola and e-commerce marketplace Snapdeal, it disclosed on Monday. The firm reported a loss of ¥58.1 billion ($555 million) from...

8 November, 2016 | More »

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Ola in talks to raise $600 mn, SoftBank may lead funding

ANI Technologies Pvt. Ltd, which operates cab-hailing service Ola, is in talks with new and existing investors to raise $600 million (about Rs 4,000 crore) by year-end, according to a report. Existing investor SoftBank Group Corp may lead the investment round, Bloomberg reported citing unnamed sourc...

2 November, 2016 | More »

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