Uber
Uber is a global transportation company. It was founded in 2009 by Travis Kalanick and Garrett Camp. It first launched in San Francisco and allows users to request rides through a mobile app, connecting them with nearby drivers. This is to make transportation more accessible and efficient and to promote shared mobility.
In 2010, Uber launched its services in New York City, which marked its first expansion outside of San Francisco. Later in 2011, it expanded to Paris and France, and then to London and the UK in 2012.
Uber officially launched its services in India in August 2013, starting with the city of Bangalore. By December 2013, it expanded to over 60 cities globally.
Uber kept expanding with its consistent new launches, such as UberX (in 2012), UberPOOL (in 2013), UberEATS (in 2014), UberMOTO (in 2015), and self-driving cars (in 2016).
In 2017, Dara Khosrowshahi became its new CEO and the next year, the company filed for an IPO. In 2019, Uber went public and reported a significant loss. It then went on to launch Uber Money.
The same year, it announced its commitment to invest $1 billion in India over the next few years, started experimenting with electric vehicles (EVs), and partnered with EV manufacturers.
In 2020, the COVID-19 pandemic severely impacted Uber's ride-hailing business in India, leading to a significant decline in ride bookings. The same year UberEATS merged with Zomato, another food delivery service.
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News
Startup news and updates: Daily roundup (October 8, 2024)
Saranya Chakrapani | October 8, 2024
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Tuesday, October 8, 2024.
AI Gen
How BluSmart is Disrupting India's Ride-Hailing Market with Electric Vehicles
Nucleus_AI | September 30, 2024
BluSmart is revolutionizing India’s ride-hailing industry with its all-electric fleet, offering zero cancellations and eco-friendly rides, challenging...
News
Uber, Aaveg get Delhi govt nod to run premium bus service
Aparajita Saxena | May 16, 2024
In October 2023, the Delhi government approved the 'Premium bus aggregator policy 2023' to open the door for private companies to offer full-AC, luxury bus services.
News
Uber launches new store pickup option to rival Ola's renewed hyperlocal focus
Aparajita Saxena | May 9, 2024
Ride-hailing platform Uber's app shows a new icon called 'store pick-up', which could refer to hyperlocal deliveries for Indian users.
News
BluSmart hits $60M in annual run rate in FY24, up from $30M
Aparajita Saxena | April 30, 2024
BluSmart earned a revenue of Rs 390 crore in FY24, the company's co-founder Punit Goyal told media.
AI Gen
Ola and Uber Hit the Gas on Subscriptions: A Game Changer for Auto Drivers?
Nucleus_AI | April 15, 2024
But why the sudden shift? Here's the inside scoop: Driver Demands Heard Loud and Clear: Drivers have long criticized Ola and Uber But why the...
News
Gig work is the primary source of income for 88% of gig workers: report
Pooja Malik | March 21, 2024
A survey by Ipsos Research Private Limited highlights that earning potential, flexible hours, work-life balance, and independence are some of the key motivators for gig workers.
Daily Capsule
Uber CEO talks India business; The rise of stock broker Angel One
Team YS | February 23, 2024
Uber CEO Dara Khosrowshahi described the Indian market as the company's toughest. Angel One holds the number three position in terms of active clients on NSE. Frido sells a range of products, including backrests, coccyx-support seat cushions.