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Uber launches Bike Taxi “UberMOTO” in Gurgaon

30Mar By Press Trust of IndiaNo Comments

News

Uber launches Bike Taxi “UberMOTO” in Gurgaon

After Bengaluru, taxi-hailing app Uber today launched a pilot of its bikesharing product "uberMOTO" in Gurgaon. "Uber today announced a pilot of Uber's bikesharing product - uberMOTO in Gurgaon... This follows our agreement with the government of Haryana to introduce technology based ride-sharing services in the state," it said in a statement. The company has set minimum fare at Rs 15, followed by Rs 3 per km and Rs 1 per min of ride-time charges. The minimum fare is Rs 20. It will compete with companies like Baxi. "UberMOTO works towards the vision of reducing congestion by helping fill every empty seat on the bikes on road. It enables riders to push a button and share a motorbike ride within minutes," Uber Delhi General Manager Gagan Bhatia said. It's a great way for people t...

Users can Now Pay With Single Touch Using ‘Ola Money’

22Mar By AnkitaNo Comments

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Users can Now Pay With Single Touch Using ‘Ola Money’

Ola Money, the popular digital payment solution from Ola, India's leading mobile app for transportation, today announced that it has partnered with Mumbai Metro, which will enable commuters to recharge their prepaid metro cards by using the Ola Money app. Ola Money is also the exclusive digital payment partner for RSRTC- the Rajasthan State Road Transport Corporation, where users booking tickets online on http://rsrtc.rajasthan.gov.in/ or offline during their bus ride, can pay using Ola Money. The Ola Money app can also be used for prepaid mobile phone recharge across all network operators in India and for sending money to friends and family within minutes. Additionally, Ola Money has recently partnered with Cafe Coffee Day, Cleartrip and Stayglad over and above existing partners ...

Gurgaon Based Baxi To Expand Operations in UP Market

6Mar By Press Trust of IndiaNo Comments

News

Gurgaon Based Baxi To Expand Operations in UP Market

NEW DELHI: Gurgaon-based Baxi will start services in Noida and Ghaziabad in the next few weeks as it expands operations and tap into the booming on-demand motorbike taxi segment. The company, which offers about 3,000 rides a day, is operational in Gurgaon and Faridabad in Haryana. "Before commencing operations in Gurgaon, we met the authorities and after certain changes were brought in, making motorbike taxis legitimate, we started operations there. Similarly, we have had discussions with the authorities for offering services in Noida," Baxi co-founder Ashutosh Johri told PTI. He added the company expects to start services in Noida later this month, followed by Ghaziabad. "There were no rules for two-wheelers under the Motor Vehicles Act, and therefore, we had to get it modi...

OLA and Uber Launched Bike Taxi Services in Bengaluru

3Mar By AnkitaNo Comments

News

OLA and Uber Launched Bike Taxi Services in Bengaluru

Taxi service providers in India, Ola and Uber have launched Bike Taxi services in Bengaluru on the same day. The minimum fare of UberMoto starting at Rs. 15 and Rs. 30 for Ola Bikes. Starting fare of Ola bikes are Rs. 2 per km and Re. 1 per minute of trip time. While UberMoto price will be Rs. 3 per kilometre, and Rs. 1 per minute of trip time. Uber India President Amit Jain said, "We are very excited to pilot uberMOTO in Bengaluru pairing our on-demand technology platform with motorbikes, the predominant mode of transport in India". Uber said that it offers GPS tracking, 2-way feedback, and the ability to share trip details with family and friends. It is also taking registrations from people who own motorbikes and scooters to become drivers on the platform and recoup the costs o...

Ola Shuts Down Its Grocery and Food Delivery Services

2Mar By PriyankaNo Comments

News

Ola Shuts Down Its Grocery and Food Delivery Services

New Delhi/Bengaluru: Ola, India’s largest taxi-hailing service will shut down its grocery (Ola Store) and food delivery services (Ola Cafe). As per report the company slows expansion plans and struggles to build customer demand for the business units and huge delivery costs is the main reason behind this move. “It (grocery) is not a profitable business and has huge delivery costs,” said one of the two people cited above, requesting anonymity. While Ola Store currently operates in Bengaluru, Hyderabad and Gurgaon, Ola offers its food delivery services in Mumbai, Bengaluru, Hyderabad and Delhi. Investors have poured more than Rs.800 crore into online grocers and delivery firms over the past two years.The food and groceries market in India, which is estimated to touch $480 billion in 2...

Ola To Create Entrepreneurship Opportunities in UP, Signs MoU Govt

24Feb By AdityaNo Comments

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Ola To Create Entrepreneurship Opportunities in UP, Signs MoU Govt

Mobile app for transportation, Ola has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh in order to generate entrepreneurship opportunities along with skill development for 50,000 men and women across the next five years. Ola will also work with the state government to introduce innovative and customised mobility solutions like Ola Auto, Ola Share and Ola Shuttle across the state in the coming months. By bringing more transportation solutions onto its app using technology, Ola is looking to serve citizens across Uttar Pradesh, giving them instant access to reliable and convenient mobility. "The state of Uttar Pradesh is growing as an economic centre for the country faster than ever before. The compounded annual growth rate of UP in the last three years ha...

We Bet You Didn’t Know These 39 Facts of Uber

15Feb By NitishNo Comments

ANALYSIS

We Bet You Didn’t Know These 39 Facts of Uber

Have you ever come across a business so brilliant yet so simple it made you scratch your head and wonder – why didn’t I think of that? With outrageous valuation and millions of users, Uber is definitely one of those companies. Founded in 2009 by a college dropout, Uber is a classic tech success story, and the company’s exponential growth/colossal funding over the past six years have launched it to the forefront of the startup world. Despite competition and even outright bans in some places, Uber continues to thrive with over 8 million users and 1.1 million driver-partners. Its easy-to-use app, convenience, and general “coolness” have made it the go-to car service whether you’re a regular commuter or a high-profile celebrity. It’s not uncommon to hear the words “Call an Uber!” late at ni...

India’s Leading Taxi Aggregator Platform Ola has Launched ‘Ola Corporate’

11Jan By AdityaNo Comments

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India’s Leading Taxi Aggregator Platform Ola has Launched ‘Ola Corporate’

India's leading taxi aggregator platform Ola has launched 'Ola Corporate', an enterprise solution for India Inc. Claiming to transform the way India Inc travels, the company said 'Ola Corporate' would make rides available at a fraction of cost as against the existing scheduled corporate travel options, along with benefits of a centralised, paperless billing system. 'Ola Corporate' offers enterprise customers, the flexibility and ease of hailing an Ola as and when required for business and pay from their company's centralised pre-paid account, it said in a release. Centralised billing makes the entire process of applying for transport reimbursements redundant for corporate travellers and organisations resulting in improved business productivity, it added. Fares for Ola Corpora...

Decoding India’s passenger conveyance: From Traditional Horse Carriages To Modern-Day fleet cabs, radio taxis and rental cars

20Dec By No Comments

Story

Decoding India’s passenger conveyance: From Traditional Horse Carriages To Modern-Day fleet cabs, radio taxis and rental cars

“Why own a car, when you have a taxi at your doorstep?” has emerged as a trending concept in India. India is witnessing a revolutionary change in urban road passenger conveyance – from traditional horse carriages of only a few decades earlier to modern-day fleet cabs, radio taxis and rental cars. The industry, very new and growing fast, is already valued at $6-$9 billion. The following new models of business operation are visible in the Indian context: Marketplace/ aggregator business model This model has emerged as the most popular model operated by large players like Uber, Ola, Meru, Taxi for sure (‘TFS’) (acquired by Ola in a cash and stock deal of $200 million), YourCabs, TaxiGuide, TaxiPixi, and BookmyCab, etc. In this model, drivers register themselves with the operato...

Uber temporarily shuts down auto services in India

10Dec By No Comments

News

Uber temporarily shuts down auto services in India

Bengaluru: Ride-hailing service Uber Technologies Inc. has temporarily suspended offering autorickshaw rides on it platform, called uberAUTO, in Delhi, amid plans to revamp and expand the service to more Indian cities. “We are temporarily removing this product to solve specific problems that need to be resolved to help it scale,” a spokeswoman for Uber said in a statement on Wednesday. Uber didn’t give any details of the specific problems it faces or how it plans to expand the service. “At Uber, we continuously experiment with products to ensure that we can provide the most efficient, affordable and convenient ride to everyone everywhere,” the statement said. The US company had in April started offering uberAUTO services in Delhi, amid stiff competition from its local rival Ola...

War of Words : OLA (Taxi Aggregator) vs JUGNOO (Auto Aggregator)

8Dec By AdityaNo Comments

Story

War of Words : OLA (Taxi Aggregator) vs JUGNOO (Auto Aggregator)

As Startup movement soaring up in India, so there is some war of words would be exchanged as well. To sustain their model and to be in positive cash model, startups are trying to implement every kind of opportunity (By Hook or Crook). In its blog India's leading Auto aggregator Jugnoo, accused Ola of poaching employees and taking its employee and driver database to disrupt business in its hometown Chandigarh, ahead of Ola's plan to launch its auto rickshaw hailing service in the city. Dear Ola, You got us all confused now. First you ignore us, then you laugh at us, then you fight us and finally, I am guessing here, we win! (Fist punch) If this is what you are trying to do, then we accept the compliment and I promise, will keep running this marathon just like we always have been. ...

Uber plans to raise $2.1 bn for investment in India, China

5Dec By AnkitaNo Comments

News

Uber plans to raise $2.1 bn for investment in India, China

App-based taxi aggregator Uber is looking to raise USD 2.1 billion in a fundraising round led by Tiger Global and other investors, valuing the company at USD 62.5 billion. The funds raised will be used primarily for investments in India and China, according to people aware of the development. Sources said that next round of investment for India will be announced early next year. US-based Uber in July this year had announced to invest USD 1 billion (about Rs 6,400 crore) in India in nine months to expands operations in the country. Interestingly, Tiger Global is also an investor in Ola, which competes with Uber in India. According to sources, Uber has filed paperwork in Delaware giving details about the fundraising wherein the company said it plans to raise USD 2.1 billion from ...