Uber has got a new chief in Dara Khosrowshahi, the former Chief Executive Officer of travel company, Expedia. From the very public and controversy-ridden Travis Kalanick, founder and former CEO to the relatively less known Khosrowshahi, Uber is purring itself to a new lane. At least that’s what the choice of the CEO points out to.
Uber is taking a page out of Ola’s playbook as it pushes to expand business in India, its largest overseas market. Months after its Indian rival introduced its “connected platform” called Ola Play, Uber is set to launch its own infotainment system across several of its cab tiers in the country.
As Ola and Uber started to gain ground in cities, the companies began to actively experiment with exactly how much money they needed to spend like this. Could drivers hit 40 rides in three days, and do it for less money? Uber and Ola both kept tweaking the figures.
Any interview or write-up of Kalanick’s does not fail to mention his ‘brash’ behaviour. Though that trait worked for him ever since he dropped out of school and started up, that has now led to his being sidelined in his own company and the board asking him to step down as the CEO.
Bhavish Aggarwal and Ankit Bhati, co-founders of cab-aggregator Ola, may be the proverbial poster boys of Indian e-commerce, but they are the lowest paid among all unicorn—a business valued at more than a billion dollars—founders in the country.
Google App recently launched Hyperlocal Services App Aero. The App had been launched in the cities of Bangalore and Mumbai. Currently it aggregates food delivery, beauty, home maintenance, household repairs, fitness training as well as physiotherapy. Following the launch of Aero, Uber also launched UberEATS to rival services offered by Google, Zomato, foodpanda and Swiggy.
On-demand technology-based cab hailing services firm Uber launched UberEATS – a food delivery service similar to foodpanda, Swiggy and Zomato– on Tuesday to tap what it claims is an $15 billion unorganised sector in India.
Cab-hailing giant Uber has entered the $15-billion food delivery market in India even as multiple startups shut shop and existing ventures such as Swiggy, Zomato and Foodpanda continue to bleed.
Ola Fleet Technologies Pvt. Ltd, the cab-leasing arm of taxi aggregator Ola, has posted a loss of Rs 13.3 crore for FY16 compared to a profit of Rs 3.9 crore the previous year, show filings with the Registrar of Companies (RoC).
Uber is finally opening up about the ongoing cab strikes in Indian cities and publicly addressing drivers’ demands.
Uber’s desperate attempt to turn India into its next big market isn’t chugging along smoothly.
Mukesh Ambani-promoted Reliance Jio’s partnership with Uber, the American cab-hailing company announced on Monday, signals a larger battle in the mobile wallet space where Paytm leads with over 160 million users.
Rideshare, which allows two or more people going in the same direction to use one cab, might be a good concept, but when did a good concept come in the way of law? It has in the case of cab aggregators Ola and its American rival Uber.
Online food delivery is a tricky space for Indian startups, what with intense competition, wafer-thin margins and a funding drought that shows no signs of a let-up. So it was a bit of a surprise when San Francisco-based Uber, the world’s biggest startup by valuation, announced last week that it will soon launch its global on-demand food delivery app, UberEATS, in India. To roll out the service, it is currently inviting restaurants and delivery partners.
Mid-way through the year, something unexpected happened with Uber – the largest startup in terms of valuation. It gave up in the world’s most populous country. In an apparent move to stop a bloodbath in terms of losses, US-based Uber Technologies Inc, co- founded by Travis Kalanick, agreed to sell its China business to home grown rival Didi Chuxing. That made India, the second biggest market for Uber after the US the focal point. It was the biggest highlight for Uber in India in year 2016.
The biggest change for technology startups came on November 8, when the government announced its decision to ban currency notes of Rs 500 and 1,000. Suddenly technology became a large driver for commerce. While retail sales in pockets dropped up to 50%, sales for e-tailers fell 20%. It was also a year of large cultural shifts – more number of buyers shopped online than ever before, and demonetisation added to the drive.
Japan’s SoftBank Group Corp. has written down as much as 58.1 billion yen ($555 million) in two of its biggest investments in India, cab-hailing firm Ola (ANI Technologies Pvt. Ltd) and e-commerce marketplace Snapdeal (Jasper Infotech Pvt. Ltd), the company said.