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Page 32 - Uber

We are on an investment mode in India: Uber

'We introduced cash payment here, which was a global first, said Uber India President

We are on an investment mode in India: Uber
Updated On : 05 Jun 2016 | 12:07 PM IST

Uber says 25% trips in Delhi, Bengaluru are on uberPOOL

Cab aggregator expands service to three more cities, claims it has cut down number of km by 7 million since inception, saving 300,000 litres of fuel

Uber says 25% trips in Delhi, Bengaluru are on uberPOOL
Updated On : 03 Jun 2016 | 5:39 PM IST

Uber expands uberPOOL to 3 more Indian cities

The service was launched in the country about 6 months ago, which is currently available in Delhi & Bengaluru

Uber expands uberPOOL to 3 more Indian cities
Updated On : 03 Jun 2016 | 2:08 PM IST

Saudi funds to fuel Uber's India race

US taxi-hailing firm raises the money from Saudi Public Investment Fund to support global expansion

Saudi funds to fuel Uber's India race
Updated On : 03 Jun 2016 | 1:47 AM IST

Uber turns to Saudi for $3.5-billion funding

In its quest to build a global empire, Uber has turned to the West Asia for its biggest infusion of cash from a single investor.Uber said on Wednesday that it had raised $3.5 billion from Saudi Arabia's Public Investment Fund, the kingdom's main investment fund, in one of the largest-ever investments into a privately held start-up.The money was part of the ride-hailing giant's most recent financing round and continued to value Uber at $62.5 billion. The investment, which was months in the making, does not cash out any of Uber's existing investors.Uber, which has viewed the West Asia as an important area in its expansion, said the investment further aligned the company with Saudi Arabia as the kingdom planned to transform its economy, reducing its dependence on oil and improving employment. Until now, Saudi Arabia has not been known for venture capital investing, though some members of its royal family have made some deals. Prince Alwaleed bin Talal, for instance, has invested in Lyft,

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Updated On : 03 Jun 2016 | 12:21 AM IST

Uber takes Karnataka to court on new rules; says it is constitutional

This is the second time it has challenged local authorities after it took on the Delhi govt for denying it a licence to operate in the capital

Uber takes Karnataka to court on new rules; says it is constitutional
Updated On : 02 Jun 2016 | 2:39 PM IST

Karnataka to Uber, Ola: Get licence or go off roads

Ola and Uber have committed to spending Rs 15,000 cr to win the taxi market

Karnataka to Uber, Ola: Get licence or go off roads
Updated On : 30 May 2016 | 1:47 AM IST

Selling Uber shares may be much tougher than you actually think

SharesPost, a broker of private technology stocks, approached investors with what seemed like an alluring offer: a potential investment in a fund that would hold Uber Technologies shares. In exchange for exposure to the high-flying ride-hailing startup, they were asked to part with at least $100,000 each and agree to hold the stake until the company goes public or gets acquired, with no vote in business decisions or visibility into its operations or finances.But SharesPost said it called off the proposed deal. The plan was to purchase as much as $10 million in preferred shares from Uber's most recent round of financing and package them in an investment fund to be sold at a premium, according to offering documents obtained by Bloomberg.SharesPost said it wouldn't pursue the transaction, citing a "lack of investor interest." "It became clear that the minimum funds would not be collected for this deal, and as a result, the sales team began to inform interested clients of this fact," Greg

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Updated On : 21 May 2016 | 9:08 PM IST

Uber to test self-driving cars in Pittsburgh city

The hybrid Ford Fusion converted car is mounted with various sensors to map details of the environment

Uber to test self-driving cars in Pittsburgh city
Updated On : 20 May 2016 | 8:46 PM IST

Uber bikes in Bengaluru face legal hurdle again

Gurgaon is now the only place where Uber is offering this service. However, it said it was hopeful of growing in this category

Uber bikes in Bengaluru face legal hurdle again
Updated On : 19 May 2016 | 1:24 AM IST

Uber and out

Uber's deal with US drivers looks cheap

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Updated On : 11 May 2016 | 9:58 PM IST

Uber recognises drivers' group in New York

Agreement is Uber's latest attempt to assuage mounting concerns from regulators and drivers about the ride-hailing firm's labour model

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Updated On : 11 May 2016 | 12:45 AM IST

Uber drivers, if employees, owed $730 million more: US court papers

According to attorneys for Uber drivers, the total potential damages in the case are $852 million.

Uber drivers, if employees, owed $730 million more: US court papers
Updated On : 10 May 2016 | 12:52 PM IST

Two years of Uber in Mumbai

Here are some interesting numbers the cab hailing app has shared in a blog post

Two years of Uber in Mumbai
Updated On : 05 May 2016 | 1:28 PM IST

Uber joins Alipay to allow Chinese tourists pay in yuan

The option has been expanded to more than 400 cities in 68 countries and regions in which Uber operates

Uber joins Alipay to allow Chinese tourists pay in yuan
Updated On : 04 May 2016 | 6:26 PM IST

Uber ties up with Alipay globally

Alipay's collaboration with Uber reflects a step forward of Ant Financial's global strategy, and the collaboration also extends to the Alipay's strategic global partners like Paytm in India

Uber ties up with Alipay globally
Updated On : 03 May 2016 | 5:56 PM IST

Drivers take to streets in Bengaluru as war between taxi aggregators, state goct escalates

Karnataka govt says Ola and Uber are not compliant with the newly passed rules for taxi

Drivers take to streets in Bengaluru as war between taxi aggregators, state goct escalates
Updated On : 03 May 2016 | 1:41 AM IST

Defiant Uber takes on Arvind Kejriwal, will continue surge pricing

Say they should be allowed to do so as odd-even rule is not in place; demand separate scheme for aggregators

Defiant Uber takes on Arvind Kejriwal, will continue surge pricing
Updated On : 02 May 2016 | 4:55 PM IST

Uber brings back surge pricing

Kejriwal warns of strong action

Uber brings back surge pricing
Updated On : 02 May 2016 | 12:20 AM IST

Karnataka accuses Uber and Ola of violating norms; seizes vehicles

Around 100 vehicles operating on both the aggregators' platforms have been impounded and penalised for violating norms

Karnataka accuses Uber and Ola of violating norms; seizes vehicles
Updated On : 29 Apr 2016 | 7:15 PM IST