Uber Expansion

Uber announced the expansion of Reserve facility across six more cities in India, giving riders an option to pre-book their rides 30 minutes to 90 days ahead of their travel. The six new cities added are Kochi, Chandigarh, Ahmedabad, Jaipur, Lucknow and Guwahati. Uber Reserve will now be available for cash payments offering riders access to pre-boo...

Uber is currently dealing with the new leaks that reveal how the company used various expansion tactics. However, the ride-hailing giant has previously faced controversy over harassment in June 2017, along with allegations on spying on rivals and data hacking.

Uber engaged in ethically dubious and potentially illegal tactics used to fuel its frenetic global expansion beginning nearly a decade ago, a joint media investigation alleged on Sunday. The investigation that relied on 1,24,000 documents from 2013-2017, has been dubbed the “Uber Files”, with unvarnished text and email exchanges between executi...

A leaked cache of confidential files from ride-sharing app Uber illustrates ethically dubious and potentially illegal tactics the company used to fuel its frenetic global expansion beginning nearly a decade ago, a joint media investigation showed.

The company in December sold its self-driving Advanced Technologies Group (ATG) in a $4 billion equity deal at a steep drop in valuation. Khosrowshahi at the time said the deal would accelerate Uber's profitability goal.

Both the companies have decided to enter into the next phase of expansion and these will be tailored to customer needs and categorized into three pillars - Free Now, Share Now and Park Now & Charge Now. The introduction of a new umbrella organisation, effective January 1 2020, will support efficient management of these three pillars.

Uber is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive said on Thursday.

The latest investment, combined with previous fund raising and expansion of the company into new segments and markets, is said to have given Careem an estimated valuation of over $2 billion.

Uber is looking to be virtually a one-stop transportation shopping app, saying on Wednesday it will add new services, including car-sharing and train tickets.

Carrier billing integrator Fortumo sees microinsurance, ride sharing, and microcredits as possible areas of expansion in India.

Lyft announced Thursday that it is offering service to passengers in every corner of 32 US states, including hard-to-reach rural areas.

Khosrowshahi a Iranian-American who has run Expedia since 2005, was an unexpected and lesser-known choice.

Dubai-based ride hailing firm Careem will step up expansion into new markets after raising$150 million from investors, including German carmaker Daimler and Saudi Arabia's Kingdom Holding. After the fundraising, Careem, an Uber rival operating in 12 mainly Middle East countries, wants to move into new markets in North Africa, such as Tunisia and Al...

Ola, which is locked in an intense battle with American rival Uber, had recently raised funds to the tune of Rs. 1,675 crores from its Japanese investor, SoftBank.

Uber Technologies Inc. has secured a $1.15 billion leveraged loan, a person familiar with the matter said on Thursday, the latest capital infusion for the well-financed ride-hailing company.

Uber announced the expansion of Reserve facility across six more cities in India, giving riders an option to pre-book their rides 30 minutes to 90 days ahead of their travel. The six new cities added are Kochi, Chandigarh, Ahmedabad, Jaipur, Lucknow and Guwahati. Uber Reserve will now be available for cash payments offering riders access to pre-boo...

Uber is currently dealing with the new leaks that reveal how the company used various expansion tactics. However, the ride-hailing giant has previously faced controversy over harassment in June 2017, along with allegations on spying on rivals and data hacking.

Uber engaged in ethically dubious and potentially illegal tactics used to fuel its frenetic global expansion beginning nearly a decade ago, a joint media investigation alleged on Sunday. The investigation that relied on 1,24,000 documents from 2013-2017, has been dubbed the “Uber Files”, with unvarnished text and email exchanges between executi...

A leaked cache of confidential files from ride-sharing app Uber illustrates ethically dubious and potentially illegal tactics the company used to fuel its frenetic global expansion beginning nearly a decade ago, a joint media investigation showed.

The company in December sold its self-driving Advanced Technologies Group (ATG) in a $4 billion equity deal at a steep drop in valuation. Khosrowshahi at the time said the deal would accelerate Uber's profitability goal.

Both the companies have decided to enter into the next phase of expansion and these will be tailored to customer needs and categorized into three pillars - Free Now, Share Now and Park Now & Charge Now. The introduction of a new umbrella organisation, effective January 1 2020, will support efficient management of these three pillars.

Uber is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive said on Thursday.

The latest investment, combined with previous fund raising and expansion of the company into new segments and markets, is said to have given Careem an estimated valuation of over $2 billion.

Uber is looking to be virtually a one-stop transportation shopping app, saying on Wednesday it will add new services, including car-sharing and train tickets.

Carrier billing integrator Fortumo sees microinsurance, ride sharing, and microcredits as possible areas of expansion in India.

Lyft announced Thursday that it is offering service to passengers in every corner of 32 US states, including hard-to-reach rural areas.

Khosrowshahi a Iranian-American who has run Expedia since 2005, was an unexpected and lesser-known choice.

Dubai-based ride hailing firm Careem will step up expansion into new markets after raising$150 million from investors, including German carmaker Daimler and Saudi Arabia's Kingdom Holding. After the fundraising, Careem, an Uber rival operating in 12 mainly Middle East countries, wants to move into new markets in North Africa, such as Tunisia and Al...

Ola, which is locked in an intense battle with American rival Uber, had recently raised funds to the tune of Rs. 1,675 crores from its Japanese investor, SoftBank.

Uber Technologies Inc. has secured a $1.15 billion leveraged loan, a person familiar with the matter said on Thursday, the latest capital infusion for the well-financed ride-hailing company.