Ola to lay off around 350 employees as part of restructuring, redesigning
Ola, a ride-hailing platform has revealed that it is going to lay off around 350 employees by cutting short its 4,500 workforce by 5-8 per cent, reported Mint. The move…
Ride-hailing giant Ola commences drivers registration in London; soon to launch commercial operations
Ola, a ride-hailing unicorn startup, has announced that it has started to register drivers before launching commercial operations in London, reported Mint. The development from the Bengaluru-based platform Ola comes…
Uber in talks with bike rental startup Bounce to list two-wheelers on Uber India app: Sources
Uber, a cab-hailing unicorn, is reportedly in talks with bike rental startup Bounce in order to list its two-wheelers on the Uber India app, reported Mint, citing two closed sources.…
Matrix Partners, Stellaris Venture invest $2.9 million in two-wheeler rental startup Vogo
Vogo, a Bengaluru-based two wheeler vehicle (scooter) rental startup, has bagged $2.9 million (approx INR 20 crore) from Stellaris Venture Partners and Matrix Partners, reported Inc42. According to the sources,…
Uber co-founder Travis Kalanick owned CloudKitchens raises $400 million from Saudi Arabia’s wealth fund
CloudKitchens, a food delivery startup, which is owned by Travis Kalanick, the co-founder of Uber, has bagged $400 million (approx INR 2,851 crore) funding from Saudi Arabia’s sovereign-wealth fund, reported…
Uber India deploys bike-riding services with launch of BikeShare app in Delhi
Uber, an international unicorn startup, has started its bike-riding services with the launch of ‘BikeShare‘ app in Delhi, reported Inc42. The BikeShare will enable users to ride with another bike-rider…
Uber India reports losses in food delivery segment, profits in ride-hailing space
Uber’s India unit, has reported a loss of INR 762.5 crore in food delivery for FY19, while the revenues were at INR 339 crore for ride-hailing segment, reported ET. Now,…
Netherlands-based Uber BV pumps-in INR 2,539 cr, individual user data in Uber India to set up office
Uber BV, a parent company of the ride-hailing unicorn Uber, has allotted INR 2,539 crore, along with business and individual user data to the Indian unit i.e Uber India Systems…
Ola, Uber to avoid surge pricing practice during 12-day odd-even road rationing scheme in Delhi
Weeks after putting the ride-hailing unicorns Ola, Uber under the scrutiny of the government for surge pricing, the cab aggregators have declared that they will deactivate the surge pricing practice…
CCI gives nod to $300 million investment in Ola from Hyundai Motor, Kia Motors
A proposed $300 million (approx INR 2,123 crore) investment in Ola, a ride-hailing unicorn, and its electric mobility subsidiary from Hyundai Motor and Kia Motors, has been approved by the…