Page 17 - Uber

Uber could seal $3-bn deal to buy Dubai rival Careem this week: Reports

Uber will pay $1.4 billion in cash and $1.7 billion in convertible notes, which will be convertible into Uber shares at a price equal to $55 per share

Uber Technologies picks NYSE for its mega initial public offering in April

The ride-hailing giant is expected to publicly file for its offering in April

Uber's self-driving unit may get $1-billion push from SoftBank, others

Ride-hailing company is in late-stage talks with SoftBank, auto maker and others

Consumers love food delivery. But restaurants and grocers hate it

Along with Kroger, Target Corp. and Walmart Inc. are spending billions of dollars to develop their own delivery systems. The retailers have seen their margins suffer in recent quarters as a result

Uber and Lyft said to offer drivers a chance to participate in IPOs

The millions of drivers who ferry passengers around for the services are independent contractors

Uber posts $50 bn in annual bookings as profit remains elusive ahead of IPO

Uber's revenue in the fourth quarter reached $3 billion, up 2 per cent from the third quarter and a 24 per cent increase over the previous year

Uber starts speed boat services in Mumbai, will link tourist destinations

The UberBoat services will start from February 1

Uber to block riders who misbehave or damage properties despite warnings

These steps have been taken to strengthen safety of the drivers on Uber's platform

Uber India to try out buses, quadricycles, electric two-and three-wheelers

Firm is going to try out buses, quadricycles, and electric two- and three-wheelers

Uber India revenue zooms to Rs 21.5 cr in FY18; net profit Rs 19.6 lakh

US-based cab-hailing platform Uber saw its revenue growing manifold from India business to Rs 21.5 crore in the fiscal ended March 2018, according to documents filed with the corporate affairs ministry. The company, which competes with rival Ola in India and other international markets, had posted a total revenue of Rs 1.04 crore in 2016-17. Uber India Technology, which operates the on-demand cab service in the country, also saw manifold jump in net profit to Rs 19.6 lakh in 2017-18, compared with Rs 3.22 lakh in 2016-17, showed the documents, accessed by business intelligence platform Tofler. While Uber's losses mounted to USD 1.07 billion in the September 2018 quarter, the company had said it would continue to invest in Uber Eats and electric bikes & scooters businesses as well as in high-potential markets such as India and the Middle East. "As we look ahead to an IPO (initial public offering) and beyond, we are investing in future growth across our platforms, including food, ...

Uber's driverless cars return to public roads nine months after fatal crash

Uber's driverless vehicles are operating at drastically reduced speeds

France fines Uber 400,000 euros over 2016 data breach exposing clients info

Last month, the Netherlands imposed a 600,000-euro fine over the breach and Britain ordered Uber to pay 385,000 pounds

Uber dealt another blow in UK, loses bid to block worker rights for drivers

Uber, which could be valued at $120 billion in a flotation, has faced protests, regulatory crackdowns and licence losses around the world as it challenges existing competitors and rapidly expands

After Lyft, Uber confidentially files for initial public offering: Report

Uber's most recent valuation was $76 billion, and could be worth $120 billion in an IPO

Lance Armstrong's early investment of $100,000 in Uber made him $20 million

Armstrong in 2009 invested $100,000 in Chris Sacca's newly started Lowercase Capital, CNBC reported. One of the firm's bets was on the ride-hailing startup that was then valued at $3.7 million

Grocery and autos: Uber's biggest moat in India

Uber is banking on autos to increase the number of rides and build a successful groceries business

Strange story of Uber's massive fund raising deal from Saudi govt

Two years ago, the money helped Uber settle its war with Didi Chuxing in China, fortified its position against rival Lyft Inc

Uber to appeal Singapore's competition watchdog decision on Grab deal

Uber said that the Compitition Commission's ruling that the transaction led to a substantial lessening of competition, and that Uber had intentionally breached the law, was unsupported and incorrect

With an ambitious timeline, Uber eyes 2021 for food delivery drones launch

Uber is crafting a narrative around its ambitions as it eyes a 2019 IPO to woo investors who may be skeptical over its scandal-plagued past and lack of profits in the ride-hailing business

After battling for customers, Uber, Lyft may fight for IPO investors

At $120 billion, Uber's debut on Wall Street would be the biggest since the Alibaba Group of China began trading on the New York Stock Exchange in 2014