Ride-hailing Apps

Mulling an IPO for Ola ride-share business next year, says Bhavish Aggarwal

'Looking at synergies with EV business, will announce details soon'

Ola shuts in-car infotainment service launched in 2016 as global first

Industry sources say the service was not proving any value to the ride-hailing company

Uber says autorickshaw service 'under cloud' in Bengaluru, blames price cap

Aggregators operating in city after High Court stays a state government ban on them providing autos

Uber in India has more two- and three-wheeler ride demand than cabs

Introduced in 2019, Uber Auto and Uber Moto have seen a three-fold increase in demand after the coronavirus pandemic

Ola, Uber among most data-hungry ride-hailing apps, says report

India's Ola is the 6th most data-hungry ride-hailing app in the world, while Rapido, an Indian bike-taxi aggregator collects the least amount of information

Uber, Ola among most data hungry ride-hailing apps, says report

Popular ride-hailing platform Uber and Ola top the chart on collecting extensive information about their riders which may be used for third-party advertising, a new report has claimed.

Ride-hailing firm Ola plans IPO in first half of 2022, readies 'super app'

The firm has plans to raise up to $1 billion through an IPO

Softbank-backed Ola unveils first operating profit ahead of potential IPO

Ola, which has a majority share of India's ride-hailing market, where it competes with Uber Technologies, has a growing presence in several global markets such as Australia and Britain

SoftBank-backed Ola's COO and CFO to exit firm amid its plans to go public

Source says departures driven by loads of pressure from the top, pandemic impact on ride-hailing business and plenty of resources going to Ola Electric

BluSmart drives a green agenda, hopes to expand presence from core NCR base

BluSmart has also gone in for backward integration, creating EV charging stations or what it calls "super-hubs" that can charge almost 70-80 EVs at a time

Uber loses battle over drivers' working rights in the Netherlands

Uber said it will appeal the decision.

Ola GMV has crossed pre-pandemic levels, says CEO Bhavish Aggarwal

'Recovery from the second wave is 3 times faster. Clearly, India is up and about,' tweeted Aggarwal

Didi Global denies media report it plans to go private after $4.4 bn IPO

Shares in Didi, which jumped as much as 40% to $12.42 in premarket trading after the report, pared gains after trading opened on Wall Street.

Didi Chuxing says app takedown may adversely impact revenue in China

China's biggest ride-hailing firm Didi Global Inc said on Sunday removal of its 'DiDi Chuxing' app from smartphone app stores in China is expected to have an adverse impact on its revenue in China

Gojek to merge with Tokopedia to create $18-bn Indonesia tech giant

The combined entity may seek to go public.

Ride-hailing in India bounces back to 63% of pre-Covid levels: Report

With the impact of Covid-19, the sector saw a significant drop in usage last year as offices began remote work culture and most of the educational and other places closed for months

Uber loses UK Supreme Court fight, must classify drivers as workers

Taxi ride-hailing giant Uber must classify its drivers as workers with minimum wage, holiday and sick pay rights, rather than be categorised as self-employed, the UK Supreme Court ruled on Friday.

UK's supreme court rejects Uber appeal, says drivers are workers

The decision that threatens its business model and holds broader implications for the so-called gig economy

Southeast Asia's ride-hail firm Grab considering U.S. IPO this year: Report

Grab is a Singaporean ride-hailing firm

Grab raises $300 million for its fintech arm's ambitious expansion

Ride-hailing and food delivery giant Grab has raised more than $300 million from investors led by South Korea's Hanwha Asset Management Co Ltd for its rapidly-expanding financial services business