Uber | Pixr8 News

Uber To Offer Insurance To Driver-Partners In India

29Aug By Press Trust of IndiaNo Comments

News

Uber To Offer Insurance To Driver-Partners In India

US-based cab aggregator Uber today said it will roll out an insurance programme for over 4.5 lakh of its driver-partners in India in partnership with ICICI Lombard General Insurance. The programme, which will go live from September 1, will be extended for free to driver-partners aged 18-65 years. Uber currently has a similar offerings in Indonesia and Myanmar. Uber, which is locked in an intense battle for leadership with SoftBank-backed Ola in India, counts India among its top markets. It claims to have seen a 115 per cent increase in number of completed trips on its platform in July this year over the year-ago period in India. The insurance offered will cover accidental death and disablement, hospitalisation and outpatient medical treatment in case of an accident while the dr...

Dara Khosrowshahi, Chief Executive Of Expedia To Be Uber’s New Chief Executive

28Aug By reutersNo Comments

BUSINESS, News

Dara Khosrowshahi, Chief Executive Of Expedia To Be Uber’s New Chief Executive

Uber Technologies Inc on Sunday chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis. Khosrowshahi, 48, would take on the daunting task of mending Uber’s image, repairing frayed relations among investors, rebuilding employee morale and creating a profitable business after seven years of losses. He would also have to contend with the legacy of Travis Kalanick, Uber’s pugnacious co-founder, who was ousted as CEO in June after shareholders representing about 40 percent of the company’s voting power signed a letter asking him to step down amid growing concern over his behavior and the behavior...

Uber’s Second-Quarter Loss Narrows To $645 Mn, Bookings Rise

24Aug By reutersNo Comments

BUSINESS

Uber’s Second-Quarter Loss Narrows To $645 Mn, Bookings Rise

Uber Technologies Inc on Wednesday reported a 16 percent increase in quarterly bookings and a smaller loss than the previous period as the ride-services company showed signs of inching toward profitability. (more…)

Uber’s Valuation Marked Down By 15% By A Group Of Investors

23Aug By reutersNo Comments

ANALYSIS

Uber’s Valuation Marked Down By 15% By A Group Of Investors

Four mutual fund companies have marked down their investments in Uber Technologies Inc by as much as 15 percent following the ride-hailing company’s scandal-ridden year, the Wall Street Journal reported on Tuesday. (more…)

Uber May Team Up With Singapore’s Top Taxi Firm ComfortDelgro To Take On Grab

22Aug By reutersNo Comments

News

Uber May Team Up With Singapore’s Top Taxi Firm ComfortDelgro To Take On Grab

Singapore’s biggest taxi operator, ComfortDelgro Corp Ltd, entered into exclusive talks with Uber Technologies Inc for a potential tie-up, it said on Tuesday, in a move that could help Uber in its fight with dominant ride-hailing firm Grab. (more…)

Uber’s Ex-CEO Travis Terms VC Investor Lawsuit A ‘Public And Personal Attack’

19Aug By reutersNo Comments

BUSINESS, News

Uber’s Ex-CEO Travis Terms VC Investor Lawsuit A ‘Public And Personal Attack’

The ousted chief executive of Uber Technologies Inc rejected a lawsuit filed against him by one of the company’s top investors as a “public and personal attack” without merit, according to court documents filed late on Thursday. (more…)

Uber Settles U.S. Allegations Over Data Privacy

16Aug By reutersNo Comments

News

Uber Settles U.S. Allegations Over Data Privacy

Uber Technologies Inc has agreed to two decades of audits after U.S. regulators found the ride-services company failed to protect the personal information of drivers and passengers and deceived the public about efforts to prevent snooping by its employees. (more…)

Uber Picks Up Pace In Indian Market, Narrows Gap With Ola

14Aug By AnkitaNo Comments

ANALYSIS

Uber Picks Up Pace In Indian Market, Narrows Gap With Ola

While the SoftBank Group has recently backed Indian cab-aggregator giant Ola, and the San Francisco based Uber Technologies faces internal crisis at its headquarters, it has found some considerable growth in India. (more…)

Uber Faces Conflicts Over A Lawsuit Filed By Benchmark Capital

12Aug By reutersNo Comments

BUSINESS, News

Uber Faces Conflicts Over A Lawsuit Filed By Benchmark Capital

Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company's ousted chief executive, Travis Kalanick, dealing another blow to the firm as it struggles to recover from a series of scandals and hire a new leader. On Friday morning, three Uber investors asked Benchmark to divest its shares and step down from Uber Technologies Inc's board, according to an email published by news website Axios. Also on Friday, members of the board of directors sent an email to Uber staff expressing dismay over the Benchmark lawsuit, according to a copy of the note obtained by Reuters. "The Board of Directors is disappointed that a disagreement between shareholders has resulted in litigation," the directors ...

Ola Raises Rs 231 Cr From Tekne Private Ventures

11Aug By Press Trust of IndiaNo Comments

FUNDING

Ola Raises Rs 231 Cr From Tekne Private Ventures

SoftBank-backed cab-hailing firm Ola (ANI Technologies Ltd) has raised over Rs231 crore from Tekne Private Ventures through issue of preference shares. (more…)

9Aug By reutersNo Comments

BUSINESS

Uber Considers Sale Of U.S. Car-Leasing Business

Ride-hailing company Uber is evaluating options for its capital-intensive U.S. car-leasing business, including a sale of the unit, a source familiar with the matter said. (more…)

China Giant DiDi Chuxing Backs Uber’s Rival In Middle East “Careem”

8Aug By reutersNo Comments

CHINA, FUNDING

China Giant DiDi Chuxing Backs Uber’s Rival In Middle East “Careem”

DiDi Chuxing, China's largest ride-hailing firm, has invested in Middle East online taxi service Careem in a new partnership deal that marks Didi's latest international expansion against rival Uber. (more…)