In the past 12 months, early-stage investors have closed over a dozen deals in the hyper local deal-discovery space in the search for a category winner, from Paytm-backed Little to Accel-backed Crown It and Lightspeed Ventures-backed MagicPin besides smaller outfits such as Shouut and GoYaNo. Wit…
Tag: Uber
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…
UBER inks pact with Haryana Govt., to invest Rs 120 Crore
Taxi-hailing app Uber signed a pact with the Haryana government, wherein it will invest Rs 120 crore in technology based ride-sharing services. The Memorandum of Understanding (MoU) was signed at the Happening Haryana Global Investors Summit 2016. Under the agreement, Uber will invest in technolo…
Now, a start-up to track radio cab drivers
Recently, there were reports that the Karnataka government had imposed strict rules on app-based taxi aggregators and radio cab operators. A web-based tech news portal also reported that drivers will have to be trained once a year on safe driving skills. The number of hours the drivers put in wil…
TPG Growth looks to invest in Indian consumer internet start-ups
TPG Growth, an early backer of ride-sharing app Uber and home rental service Airbnb, is looking to invest in Indian consumer Internet start-ups, a company executive said. The fund will also partner with venture capital funds to invest in these companies. “We are looking to partner with some of th…
Ola is testing bike taxi service in Bengaluru
India’s largest cab aggregator Ola is testing a service to provide bike taxis in Bengaluru, close on the heels of its main rival Uber which recently launched a similar service in the city. The service, the latest from the Ola stable following the launch of a shuttle-bus as well as an auto-r…
Uber to mentor start-ups
In sync with ‘Startup India’ initiative, app-based taxi-hailing service provider Uber on March 3 said it would mentor and help 10 start-ups with funding under ‘UberExchange’ programme. As many as 750 start-ups are participating in the programme. The company will host six l…
Bike service uberMOTO to debut in bengaluru , fares as low as rs 3/km
Uber will debut its biketaxi service on March 4 in India’s technology capital, making Bengaluru the second city after Bangkok into which the world’s most valuable startup is riding in on two wheels. To be called UberMOTO, the service is aimed at tapping additional revenue streams in o…
DriveU raises $1 million from Unitus seed fund
DriveU, an on-demand driver service, has raised funds from Unitus Seed Fund, a move that will help the company compete with taxi-aggregators like Ola and Uber. While the Bengaluru-based company declined to disclose the investment details, sources said Unitus has pumped in about $1 million (about …
Mobikwik partners with bus aggregator startup Shuttl
Delhi based wallet payments company, MobiKwik, has partnered with bus aggregator startup Shuttl to make urban commute cashless. This association will enable Shuttl users to do away with cash payments and pay for their rides digitally via the MobiKwik wallet. With approximately 20,000 bus rides bo…