Uber and Ola are opening a new front in their ongoing battle for leadership in India’s cab aggregation business with specific services that target the value-conscious consumer. Uber aims to invest further in low cost riding options like carpooling, bike taxis and auto rickshaw services to s…
Tag: Valoriser Consultants.
Uber to invest $500 million by June in India as it takes on rival Ola
Ride-hailing app Uber plans to invest $500 million (Rs 3,300 crore) in India by June — or Rs 1,000 crore a month, on average — as it challenges Ola for leadership in its third-biggest market, two people aware of the matter said. Just nine months ago, the world’s most valuable startup commit…
Uber resumes bike taxi pilot UberMoto in Bengaluru
Uber has resumed its bike taxi pilot UberMOTO in Bengaluru after giving the service a different coat of paint —’bikepooling’ — and promising not to charge the rider any commission till regulations for the service are framed by transport authorities. The ride-hailing app is trying to p…