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Ola, Uber cut driver incentives significantly in March quarter: RedSeer

TMT

30 June, 2017

Ola, Uber cut driver incentives significantly in March quarter: RedSeer

With a sharp focus on unit economics, cab-hailing companies Ola and Uber reduced driver incentives significantly in the first quarter ......

Mswipe raises $31 mn from UC-RNT Fund and others; Axis Bank exits

TMT

21 June, 2017

Mswipe raises $31 mn from UC-RNT Fund and others; Axis Bank exits

Mumbai-based mobile point-of-sale services provider Mswipe Technologies Pvt. Ltd has raised Rs 200 crore ($31 million) from Ratan Tata-led UC-RNT ......

Cab demand beats supply as Ola, Uber drivers see drop in incentives: Redseer report

TMT

19 June, 2017

Cab demand beats supply as Ola, Uber drivers see drop in incentives: Redseer report

With drivers quitting Ola and Uber over falling incentives, the cab hailing platforms are struggling to match up to consumer ......

Ola founders booked for playing 'pirated' music in cabs

TMT

17 June, 2017

Ola founders booked for playing 'pirated' music in cabs

The Bangalore Police have reportedly registered a case of copyright infringement against taxi-hailing firm Ola and its founders Bhavish Aggarwal ......

Ola raises $50 mn from New York-based hedge fund

TMT

14 June, 2017

Ola raises $50 mn from New York-based hedge fund

Cab-hailing firm Ola, operated by ANI Technologies Pvt. Ltd, has raised about $50 million (Rs 322 crore) from New York-based ......

Tata-owned JLR bets on ride-sharing startup Lyft

TMT

12 June, 2017

Tata-owned JLR bets on ride-sharing startup Lyft

InMotion Ventures Ltd, the new-generation mobility solutions investment arm of Tata Motors-owned luxury car maker Jaguar Land Rover, has invested ......

Flipkart- and Ola-backer DST Global sees $4 tn of new Internet firms by 2025

TMT

09 June, 2017

Flipkart- and Ola-backer DST Global sees $4 tn of new Internet firms by 2025

A surge in online consumer spending globally in coming years will create $4 trillion worth of new internet companies by ......

Uber felt Delhi rape case was Ola's ploy; Ola calls it ‘all-time low'

TMT

08 June, 2017

Uber felt Delhi rape case was Ola's ploy; Ola calls it ‘all-time low'

Ride-hailing company Uber Technologies Inc. has reportedly fired Eric Alexander, president of the company’s Asia-Pacific business, for obtaining and keeping ......

After COO Nitin Seth, Flipkart loses two more senior executives

People

02 June, 2017

After COO Nitin Seth, Flipkart loses two more senior executives

Two days after Flipkart’s chief operating officer Nitin Seth resigned from the company, the homegrown e-commerce firm is reportedly losing ......

Wary of investors taking control, Ola founders secure their place at the wheel

TMT

18 May, 2017

Wary of investors taking control, Ola founders secure their place at the wheel

In a move to prevent a hostile takeover, cab hailing app Ola has rewritten the rules of engagement to restrict ......

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