Uber
Uber allows Saudi women drivers to choose female passengers
Thu, Apr 18, 2019
After running a pilot program to understand the preference of women drivers in Saudi Arabia, Uber has officially introduced a feature to let the drivers decide the riders. Uber announced the introduction of its 'Passenger Preference' feature in Saudi Arabia for the female drivers.
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Factbox: How Uber and Lyft compare on key financial metrics
Fri, Apr 12, 2019
Both Uber and Lyft lose money though Uber has trimmed its losses in recent years. Uber`s adjusted loss before interest, taxes, depreciation and amortization was just over $1.8 billion in 2018 compared to $2.6 billion in 2017.
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Uber buys rival Careem in $3.1 billion deal
Tue, Mar 26, 2019
The acquisition makes Careem a wholly owned subsidiary of Uber and will keep the Careem brand and app intact, at least initially. Careem co-founders Mudassir Sheikha, Magnus Olsson and Abdulla Elyas are staying on with Careem following the acquisition, the companies said.
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Uber hires more IPO underwriters as it prepares to go public, say sources
Wed, Mar 13, 2019
Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut, people familiar with the matter said on Tuesday.
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Ola losses narrow to Rs 2,842 cr for FY18; revenue zooms 61%
Fri, Feb 01, 2019
According to the documents filed with the Corporate Affairs Ministry, Ola narrowed its standalone losses significantly to Rs 2,676.7 crore, while revenues were up 44.6 per cent to Rs 1,860.6 crore in FY2018 compared to the previous financial year.
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Defunct startup Sidecar sues Uber: ''hell-bent on stifling competition''
Wed, Dec 12, 2018
Defunct startup Sidecar Technologies Inc, which pioneered on-demand ride-hailing, is suing Uber Technologies Inc, alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business.
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Mumbai Ola-Uber strike update: Mumbaikars, be ready to shuffle your plans; Cabs to remain off road again
Sat, Nov 17, 2018
Mumbai Ola-Uber strike update: The drivers of Ola and Uber have now decided to again go on a strike from today evening as the demands which were addressed by them are not solved.
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