Saturday, April 20

Tag: Uber

Uber Expands Its UberEATS App
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Uber Expands Its UberEATS App

Uber announced on Wednesday that it’s delving further info into food delivery with its new UberEATS app, separating its food delivery from its ride-sharing service. The original UberEATS launched in Los Angeles last year, and has since moved into Toronto, New York City, Austin, Chicago, and Barcelona. It promised delivery in 10 minutes or less, but only operated during certain hours, which vary in the different locations, with a selection limited to just a couple of options. The UberEATS app, currently only available in Toronto, offers longer hours and a much wider selection. It will be available every day from 10 a.m. to 10 p.m. and customers can view full menus from over 100 restaurants. It will also offer an Instant Delivery menu during lunch hours for a quicker option that sh...
Uber temporarily shuts down auto services in India
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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...
Uber plans to raise $2.1 bn for investment in India, China
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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 ...
Ola joins global alliance to take on Uber
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Ola joins global alliance to take on Uber

India’s largest cab aggregator Ola has joined international peers Didi Kuaidi, Lyft and GrabTaxi to form an alliance against San-Francisco-based Uber. The global alliance enables international travelers to avail cab-hailing services of the four companies through the same app they use in their home country. The partnership would provide ride-sharing coverage for India, China, Southeast Asia and the US, Ola said in a press statement. The arrangement is an extension of an ongoing pact between US-based Lyft and Chinese cab aggregator Didi Kuaidi. Didi Kuaidi had recently participated in a $500 million fund raising round at Ola. Ola, Didi Kuaidi, Lyft and GrabTaxi have collectively raised about $7 billion in external funding. The taxi-hailing business in India is heating up as...
How to do a perfect marketing? Learn from OLA!!
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How to do a perfect marketing? Learn from OLA!!

Tow days before when OLA was trending, I thought it might be a marketing gimmick …. Indeed it was!! Great job done by the Marketing team at OLA to seize this opportunity to showcase OlaBoat service as a "Goodwill" gesture and capture top of mind recall within their Customer Base. That’s what I would call a Masters stroke by a relatively new player in the Market flooded with many big brothers (MNC’s) who are often advised by bigger advertising Gurus. I remember the day last year almost same time when Ola’s biggest rival “UBER” was much criticized for employing “surge pricing” during the hostage crisis in Sydney last year. It was an unfortunate event which “UBER” tried to monetize unlike “OLA” who capitalized the opportunity for “Brand Building”.   Continuous rain for...
After cabs, Uber plans own ‘Uber wallet’ in India
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After cabs, Uber plans own ‘Uber wallet’ in India

US-based cab service provider Uber is planning to come up with its own mobile payment wallet in India, according to sources. It is planning to apply to RBI for the licence. At present, consumers can pay for Uber trips via Paytm wallet. It recently tied up with Airtel Money to facilitate payments via the latter's wallet as well. The latest plan is in line with the firm's ambition to make India its second biggest market after the US. It recently entered four new Indian cities, taking its tally to 22 cities. "It would be a natural progression for Uber in India given the importance it attaches to Indian market.The growth plans will get a further boost if it gets the nod from RBI for a semi-closed wallet ," a source close to the development said requesting anonymity . When contacted, a...