September 18th, 2018India's leading taxi aggregator Ola raises $50 million from Hong Kong-based Sailing Capital and the China-Eurasian Economic Cooperation Fund (CEECF).
The SoftBank-backed company looking to battle against Uber in markets like India, the UK, and others.
The latest funding round will make Ola's valuation around USD 3.7 billion and...
July 4th, 2018The former CEO of eBay Australia, Simon Smith appointed as a Managing Director of taxi aggregator OLA in Australia.
Simon held various roles previously including Chief Executive Officer of eBay Australia, Non-Executive Director of Sportsbet, VP of Virtual Offices at Servcorp and a consultant at McKinsey and Company.
"Simon is a very...
June 19th, 2018The popular taxi cab company Uber Technologies Inc. has announced the elevation of Pradeep Parameswaran as the new President of India and South Asia with immediate effect.
The new President has replaced Amit Jain who was appointed as a head in the entire Asia Pacific region for Uber in May this year. Jain is a key member of Uber’s...
June 30th, 2017Global leading Taxi aggregator platform Uber said that the ride-hailing services had completed 5 billion trips on thursday.
The news comes after a string of setbacks for the privately held firm, including the resignation of Chief Executive Travis Kalanick last week and firing of the technology whiz it had hired to lead its...
June 21st, 2017Travis Kalanick stepped down Tuesday as chief executive of Uber as per the source The New York Times, the ride-hailing service that he helped found in 2009 and that he built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company.
Mr. Kalanick’s exit came under pressure after...
June 16th, 2017Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, acquired a 7% stake in ride hailing service Careem through a Secondary Share purchase as well as participating in the latest Round E funding to a total transaction value of $62M.
The transaction makes KHC one of the largest holders of...
June 13th, 2017Uber Technologies Inc Chief Executive Travis Kalanick is likely to take a leave of absence from the troubled ride-hailing company, but no final decision has yet been made, according to a source familiar with the outcome of a Sunday board meeting.
Emil Michael, senior vice president and a close Kalanick ally, has left the company, the...
June 8th, 2017Ride-hailing company Uber has fired a top executive who had allegedly obtained medical records of a 26-year-old woman raped by an Uber driver in India in 2014, according to a media report.
Eric Alexander, the president of business in the Asia Pacific, was fired on Tuesday, just as the company announced that it had fired 20 employees...
June 2nd, 2017Uber said its head of finance is leaving, and the privately held ride-hailing company also said that its first-quarter loss narrowed substantially from the prior quarter, putting it on a path toward profitability.
Head of finance Gautam Gupta is leaving in July to join another startup in San Francisco, the company said, making Gupta...
