Uber posts $50 bn in 2018 bookings but profit remains elusive

Reuters

Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament ....

18 February, 2019

Fleet platforms MoveInSync, Routematic foray into ride-hailing space

Payal Ganguly

Fleet platforms MoveInSync Technology Solutions Pvt. Ltd and Routematic will enter the ride-hailing segment focusing on office-goers ....

14 February, 2019
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Ola raises $16 mn in fresh capital from new US-based investors

Kavya Kothiyal

ANI Technologies Pvt. Ltd, which operates cab-hailing app Ola, has raised Rs 112 crore ($15.6 million) from a clutch of new foreign ....

5 February, 2019

Ola lost Rs 1.5 for every rupee earned in FY18

Vijayakumar Pitchiah

ANI Technologies Pvt. Ltd, which operates homegrown cab-hailing major Ola, reported a nearly 57% rise in operating revenues and ....

1 February, 2019

Uber starts pilot speedboat service in Mumbai

Kavya Kothiyal

Ride-hailing company Uber Technologies Inc. started a pilot speedboat service in Mumbai on Wednesday as part of its plans to provide ....

30 January, 2019

Bike taxi startup Rapido tanks up with Series A money

Kavya Kothiyal

Bike taxi startup Rapido has raised $10 million (Rs 71 crore) in a Series A funding round led by Hong Kong-based multi-strategy ....

25 January, 2019
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Uber India clocks 27% rise in revenue, 40% jump in profit for FY18

Kavya Kothiyal

The India unit of US-based ride-hailing app Uber saw a significant jump in its revenue and profit for the financial year ended ....

22 January, 2019

Cab aggregator Ola gets fat cheque from Flipkart co-founder Sachin Bansal

Vijayakumar Pitchiah

Flipkart co-founder Sachin Bansal has invested Rs 149.99 crore ($21.18 million) in ANI Technologies Pvt. Ltd, which operates homegrown ....

14 January, 2019

Ola’s long-serving exec and interim COO quits company

Vijayakumar Pitchiah

Ola old-timer and interim chief operations officer (COO) Pallav Singh has quit the company after serving almost seven years, The ....

14 January, 2019

Exclusive: Ola gets $74 mn from Steadview Capital, valuation jumps

Vijayakumar Pitchiah

ANI Technologies Pvt. Ltd, which operates cab-hailing app Ola, has raised Rs 520.79 crore ($73.97 million) in a fresh funding ....

10 January, 2019
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Uber to double engineering headcount in India to over 1,000 techies

Kavya Kothiyal

Cab-hailing firm Uber Technologies Inc. on Friday said it is looking to double its product and engineering headcount in India ....

10 December, 2018

Uber files paperwork for IPO on same day as US rival Lyft

Reuters

Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, ....

10 December, 2018

For Uber, 11% of global rides come from India: Report

Dearton Thomas Hector

Uber’s India and South Asia head Pradeep Parameswaran said in an internal email to company executives that 11% of the cab-hailing ....

6 December, 2018

BookMyShow joins Grab’s accelerator programme to expand Southeast Asia biz

Kavya Kothiyal

Bigtree Entertainment Pvt. Ltd, which owns and operates online ticketing platform BookMyShow, has joined Grab Ventures Velocity, ....

23 November, 2018

Uber posts $1 bn loss for July-Sept as growth in bookings slows

Reuters

Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the ....

15 November, 2018

Ola’s chief people officer Susheel Balakrishnan quits

Dearton Thomas Hector

Susheel Balakrishnan, the chief people officer at ride-hailing app Ola, has resigned from the firm after a six-month stint. Ola, ....

12 November, 2018

After driving around Australia and UK, Ola makes New Zealand foray

Kavya Kothiyal

Cashed up and on a roll, Indian cab-hailing app Ola will now drive around New Zealand, continuing its global launching spree that ....

9 November, 2018

India’s competition watchdog dismisses price-fixing charges against Uber, Ola

Binu Paul

In response to a complaint against cab aggregators Uber and Ola, the Competition Commission of India (CCI) has ruled that the ....

8 November, 2018

Uber's dealmaking chief resigns after sexual misconduct allegations

Reuters

Cameron Poetzscher, who oversaw a string of high-profile deals at Uber Technologies Inc, has resigned, weeks after a report on ....

23 October, 2018

Hundreds of Ola, Uber drivers go on strike seeking higher fares

Reuters

Hundreds of drivers for ride-hailing giant Uber and its local rival Ola went on strike in the two biggest Indian cities, ....

22 October, 2018

Exotel’s beta interface predicts call drops, high traffic in telecom networks

Anand J

Cloud-based telephony services firm Exotel Techcom Pvt. Ltd has rolled out machine learning-based Heartbeat API (application programming ....

17 October, 2018