Uber Technologies Inc. agreed to buy start-up Geometric Intelligence Inc. to help the ride-hailing company create a new artificial-intelligence research lab. The start-up had 15 employees and was developing new machine-learning techniques inspired by cognitive science that rely on less data. Chie…
Tag: Uber
Ola likely in talks to raise $600 mn to spruce up operations
Cab aggregator Ola is believed to be in talks with new and existing investors including SoftBank Group to raise another round of funding of around USD 600 million by the year end, a report says . The funds sought to counter competitive pressures from rival Uber Technologies is expected to give t…
Ronnie Screwvala’s ed-tech start-up UpGrad acquihires Pyoopil
UpGrad, the online education provider for working professionals, Co-Founded by well-known entrepreneur Ronnie Screwvala, has acquihired Pyoopil Education Technologies, a mobile-based SaaS (Software-as-a-service) product used by companies to deploy online training programmes. Delhi-based Pyoopil, …
Karnataka Minister for policy changes in tune with emerging biz
Amid a legal battle against new state norms governing app-based taxi-aggregators, Karnataka IT Minister Priyank Kharge said these companies should follow the rules but pitched for changes in policies in tune with emerging new businesses like e-commerce. “There are certain laws that needs to…
T-Hub to invite & encourage start-ups for UberExchange programme
Taxi-hailing app Uber signed a pact with technology startup incubator T-Hub, set up by Telangana government, for UberExchange programme. As part of the deal, T-Hub will be leveraging its expertise in shortlisting 20 start-ups through existing network of both the organisations, according to Eric A…
Uber partners NSDC, Maruti to skill 1 mn people by 2018
Transportation app Uber has launched a new initiative in partnership with Maruti and NSDC, for creating livelihood opportunities for one million people by 2018. Under UberSHAAN, the company will provide access to skill development and driver training to the unskilled, Uber India President Amit Ja…
Ola lays off 700 employees shuts down taxiforsure business
Ola has shut down its Taxi-ForSure business and has laid off 700 employees, according to three people directly aware of the developments at India’s largest cab aggregator. The move comes nearly a year and half after Ola acquired its crosstown rival TaxiForSure for $200 million to gain marke…
Uber brings ‘Mi Pan Malak’ scheme for taxi-auto drivers
Taxi aggregator Uber on July 28 announced the ‘Mi Pan Malak’ scheme to encourage taxi and auto drivers across the megapolis to join its platform. Under the scheme, the drivers can avail of offers and services through Uber’s partnerships with leading financial institutions and car manufacturers wi…
Uber’s bid for peace with Didi has global ramifications: Gadfly
It seems like Uber’s investors want to bring a halt to the massive Chinese cash giveaway that’s creating jobs for unemployed steel and coal workers, but not making much money for shareholders. Several institutional fund managers are pushing the US ride-hailing giant to make peace with…
Freecharge to take on Paytm on taxi fare payments
While ride hailing services Ola (ANI Technologies Pvt. Ltd) and Uber Inc. strive for a pole position in the domestic ride hailing market, there is another battle silently brewing among wallet and payment service providers Paytm (One97 Communication Pvt. Ltd) and Freecharge to make the most of the…