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...
September 15th, 2018Global cab aggregator Uber has announced that it would invest up to $154 million (Can$200 million) over five years for the purpose of expanding its Toronto lab which is concerned with developing artificial intelligence for self-driving cars.
Along with this, the company is planning to open a new engineering office in Canada's...
August 31st, 2018With the ride-hailing services getting a major boost for a few months now, world’s largest cab aggregator Uber may now come up with flying taxi by the year 2023.
It has been reported that Uber has shortlisted India and four other countries as potential markets where it may launch its air mobility services in the next five years....
July 26th, 2018ONN Bikes, the two-wheeler bike rental platform that is based in Bengaluru has taken a step forward to provide a better customer experience and make bike rentals hassle-free and enable quicker intra-city commutes by introducing dockless bikes on the basis of hourly, daily, weekly, and monthly bike rentals.
Since the introduction of...
July 16th, 2018The popular cab aggregators, Ola and Uber have withdrawn a substantial number of orders of around 2.7 lakh vehicles from the largest automobile maker Tata Motors.
These companies that have been a valuable player in the ride-hailing space, obtain cars from automakers to make it available for the cab drivers on installments, but now it...
July 16th, 2018In the financial year 2016-2017, the cab aggregator Ola showed losses of around Rs 4,897 crore. In the last year, it saw losses of over Rs 2,313 crore. But now, the company is finally gearing up in terms of growth and profitability.
It has been reported that the cab company has started earning on every cab ride that it offers. This...
July 7th, 2018This week was quite eventful in terms of business and startup activities. Many companies came up with a number of business strategies and plans.
The most trending topic that buzzed the readers this week was about the Reliance Industries, that became India’s largest tax-paying private company. Apart from this, there were many other...
July 6th, 2018Uber Technologies is in preliminary talks with the Middle East cab service company Careem Networks for the purpose of combining their ride-hailing services in the Middle East.
Both the cab companies have discussed various considerable deal structures but have still not come to an agreement. According to the reports, current leaders of...
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 14th, 2018American Cab Aggregator Uber has appointed Daniel Danker, a product director at Facebook who was responsible for video and Facebook live.
Under the new role, Danker will work as Senior Director and Head of Driver Product at Uber responsible for handling planning, strategy, and execution.
Danker has also been associated with...
June 13th, 2018With the increasing growth and competition among the taxi cab services online, Uber in India has introduced its less data consuming app known as ‘Uber Lite’. The app has been made in India but can be used by any Uber user across the globe.
The app launches first in India and then in other parts of the world. The regular Uber app...
June 7th, 2018India's leading cab-hailing company Ola, run by ANI Technologies Pvt Ltd. has reported a phenomenal 70% jump in revenue in the year that ended 31 March 2017 as reported in its latest annual regulatory filings.
As per the filings under the ministry of corporate affairs, Ola has recorded a revenue of Rs. 1,286 crore in 2016-17 when...
