Page 21 - Uber

Uber opens new facility for drivers in Bengaluru to check attrition

Ride hailing company Uber on Friday opened its largest driver onboarding and training centre in the country in the southern city of Bengaluru, as it grapples with attrition due to a massive cut in incentives paid out to drivers.Bengaluru is among the largest markets for ride hailing in India and has an estimated 120,000 cabs on its streets. A cut in incentives paid by the two largest ride hailing firms Uber and Ola last year has led thousands of drivers to calling it quits not just in Bengaluru, but across the country."Through the Greenlight Centre, we are offering in-person assistance to more than 4,000 driver partners a week. We are continuing to invest in our in-person locations and have launched three other facilities at Devanahalli, Yelahanka and HBR," said Christian Freese, General Manager for South India at Uber.The centre dubbed "Uber Bazaar" houses dealers representing all major car manufacturers in the country, Uber's own leasing arm, and even service providers to help ...

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Uber joins hands with ICICI Lombard to offer insurance to driver-partners

Programme will be extended for free to driver-partners aged 18-65 years from September 1

Feud with investors, a cut-throat culture: Challenges aplenty for Uber CEO

Dara Khosrowshahi is known as an experienced top executive, willing to speak his mind

Uber updates app, allows instant messaging with driver

The new features will roll-out gradually and are aimed to provide a seamless ride experience

Expedia chief Dara Khosrowshahi is the new Uber CEO

Expedia chief Dara Khosrowshahi has been chosen to replace ousted Travis Kalanick as the next CEO at Uber, The New York Times has reported, as the ride-hailing giant looks to move past a rough patch. Khosrowshahi emerged as the leader among three finalists for the job during company board meetings over the weekend, the Times reported yesterday, citing two people familiar with the decision. Uber spokespeople were not immediately available for comment. Hewlett-Packard Enterprise chief Meg Whitman had been seen as the favorite, according to several media outlets, but the Times said the situation changed yesterday in the 48-year-old Tehran-born Khosrowshahi's favor. Former GE CEO Jeff Immelt, whose name was on the shortlist, yesterday removed himself from the running for the top job. "I have decided not to pursue a leadership position at Uber," Immelt said on Twitter, without explaining his reasons. "I have immense respect for the company & founders." The Wall Street Journal ..

Uber second-quarter loss shrinks to $645 mn as ride bookings grow

Some investors have eyed Uber's $68 billion valuation with scepticism

Betting on India, Mexico and Brazil to drive growth for company: Uber

Uber said it is focusing on launching solutions that enhance customer experience on its platform

True price of an Uber ride in question as investors assess firm's value

Uber will report second-quarter financials to investors this week

Truce with Ola not a condition for SoftBank to invest in Uber

As Softbank explores the opportunity of investing in US ride hailing giant Uber, a truce between its unit in India and rival Ola isn't an immediate condition the Japanese investor is putting forward according to a Bloomberg report.Masayoshi Son, Chairman and CEO of Softbank, on August 7 confirmed that the company was in talks with both Uber as well as its rival Lyft as the US ride hailing market was very big and the most important market globally.The report says that while Uber will raise just $1 billion to $1.5 billion at its current valuation of $70 billion, a second and much larger component will will be used to purchase shares of current investors at a lower valuation.The entire size of the round is said to be somewhere near $12 billion, with majority of that money coming from Softbank and China's Didi Chuxing.However, the deal is said to be hung on Uber's ability to resolve a boardroom brawl between founder Travis Kalanick and one of the company's largest investors Benchmark ...

Investors ask Benchmark to leave Uber board following Kalanick suit

Benchmark was among the Uber investors in June who pressed Kalanick to step down

Uber investor sues co-founder Kalanick

Kalanick called the lawsuit completely without merit and riddled with lies and false allegations

Uber looks to break the outsider image with TV ad campaign

With a new campaign that talks about togetherness, Uber challenges the narrative of homegrown rivals

Uber India grew at over 100%, driven by UberPOOL, small cities expansion

Uber has already completed 500 million trips in India

Uber may sell US car-leasing business: Report

WSJ reported earlier on Tuesday that as many as 500 jobs could be affected by the programme

Smoke, then fire: Uber knowingly leased unsafe cars to drivers

Chasing breakneck growth, the ride-hailing giant bought Honda SUVs in Singapore subject to a recall

Uber launches 'Driver Profile' feature to gain rider's trust

There have been some incidents in the past where riders have reported bad experiences with drivers

Uber shareholders discuss stock sale to SoftBank, others

Talks led by Benchmark, one of the startup's earliest investors

Uber hands over Russia biz to Yandex with $3.7-bn merger

Uber Technologies is handing over the keys to its business in Russia

What a London cabbie can teach one about Uber

A traditional industry gets disrupted, then starts to adapt