It will do so through an MoU under which the Company will train over 30,000 individuals/Uber partner-drivers in safe-driving over a period of 3 years. The initiative is aimed at providing aspiring commercial drivers with micro-entrepreneurship opportunities and equipping them with the skill to operate on the Uber platform.
Here, non-Uber-app-possessors can get a UberGO cab from dial.uber.com from the browser. This service is live only in Nagpur, Kochi, Guwahati, and Jodhpur. Uber does not specify if it plans to extend this to other cities. Last month, Uber tied up with Snapdeal to let Snapdeal users book a cab from the Snapdeal Android app. Users needn’t have Uber installed on their phones to get a cab.
Uber does not mention the financial details of the transaction, nor if Uber will remain a standalone app and business or be merged into Didi Chuxing. The valuation of the combined entity will be at $35 bn. Uber China investors will hold a 20% stake in the company and Uber will continue as an independent app. Didi Chuxing will reportedly invest $1 bn in Uber China, making Uber’s valuation at $68 bn.
Snapdeal plans to roll this service out to other platforms like iOS, Windows, and web in the future. This move makes special sense for Snapdeal, given it recently introduced hotel and flight bookings on its platform. Snapdeal users can get a cab to the hotel or the airport using Uber from the Snapdeal app, even if they do not have Uber installed on their phones.
It is an American space imagery and geospatial content company. This is to get high-resolution satellite imagery in order to improve the experience for riders and drivers globally. Uber will use DigitalGlobe’s sensors to access imagery and location ‘intelligence’.
It states that on an average it provided 5.5 mn rides daily. These rides are across Uber’s services like Go, X, POOL etc, and Uber does not provide a breakdown of the same. In order to complete 2 billion rides, Uber assigned 147 drivers from 16 countries at a particular time last month and provided them $450 to mark its presence in 450 cities globally.
ANI Technologies Limited, engaged in providing mobile app- based technological platform by the name of Ola Cabs, submitted this in its counter to a petition by rival Uber India Technologies Private Limited challenging the Karnataka On-Demand Transportation Technology Aggregator Rules, 2016.
It will make it easier for customers to see how much they will have to pay for a ride. The fare will be calculated on the basis of expected travel time, distance, traffic, surge and tolls where applicable. The move will also help the US-based firm address its Achilles’ heel ‘surge pricing’ that has received criticism from many users as well as governments like Karnataka.
The company had earned increased revenue of Rs 421 Cr for the same FY, which operates in 100 Indian cities.
The tech company valued the share above the price range mentioned in the updated price range. The cloud software developer will be the first venture-backed tech IPO of 2016, in the United States. The company saw 88% growth last year, and clients include Uber and Airbnb.