Bengaluru: Ride-hailing service Uber Technologies Inc. has significantly stepped up investment in car-leasing company Xchange Leasing India Pvt. Ltd, pumping Rs 200 crore into the company between June and September. In a market where maintaining a steady and exclusive supply of drivers is hard to…
Tag: Amit Jain
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 to raise $1 billion to fend off Uber
ANI Technologies, the company that owns India’s largest taxi aggregator, Ola, is in talks to raise nearly $1 billion (Rs 6,700 crore) in fresh funding to compete with global rival Uber, which has a war chest for India, ‘the only market that remains open globally. Ola is expected to close th…
Uber plans major investment in India operations
Online cab aggregating platform Uber Technologies, which raised $3.5 billion on June 1st 2016 from Saudi Arabia’s Public Investment Fund, is likely to invest a substantial portion of this fund in Indian operations. This is likely to intensify the competition in the growing online taxi market in I…
With new services, Uber and Ola target value-conscious consumers
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…
Uber mentoring 50 startups via exchange programme
A clutch of startups on March 11 asked Uber’s global chief technical officer Thuan Pham how over-hiring could be avoided when building a company. “Ask what problem your company has to solve and find a person with the right skill-sets,” said Pham, who was addressing entrepreneurs…