Uber Technologies Inc., co-founder Travis Kalanick has sold nearly a third of his 10 per cent stake in the company for about USD 1.4 billion. SoftBank completed its long-awaited investment agreement with Uber making it the company’s largest shareholder, and providing a huge payout for co-founder Travis Kalanick among other early backers. The former CEO owns 10 per cent of[Read More…]
Aggregators in India’s transportation industry are growing up to be a force to reckon with. Team CV In the Oxford Dictionary, the word aggregator is defined as a website or program that collects related items of content and displays them or links to them. In India, the word aggregator has come to be associated with radio taxi operators like Ola,[Read More…]
Story by: Ashish Bhatia Reliance Group is looking at entering the cab aggregator business some time soon, or at the start of the FY2017-18 financial year, claim industry sources. Buoyed by the proliferation of the cab aggregator business in India perhaps, and with the participation of global and homegrown players like Uber and Ola, the business model Reliance is said[Read More…]
Uber Technologies Inc. is planning to launch services for buses and mini-vans under a new service named Uber Everything. Uber Everything aims at offerring rides that ferry people from Point A to Point B. Claimed to be similar to UberHop, the service is known to be currently under pilot operation in several markets. Uber is also claimed to be working[Read More…]
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