ride-hailing
TMT
Hyundai Motor, Kia to invest $300 mn in Ola
Ride-hailing company Ola has raised $300 million (Rs 2,050 crore) from South Korean automakers Hyundai Motor Co and Kia Motors ......
TMT
Careem acqui-hires bus aggregator Commut; Shuttl to take over local ops
UAE-headquartered ride-hailing firm Careem has acqui-hired app-based Indian bus shuttle operator Commut as it readies to launch bus booking services ......
TMT
Two Chinese investors pump $50 mn into cab aggregator Ola
Cab-hailing app Ola, run by ANI Technologies Pvt. Ltd, has raised $50 million (around Rs 360 crore) from two new ......
TMT
Uber sells Southeast Asia business to SoftBank-backed Grab
Ride-hailing firm Uber Technologies Inc. has decided to sell its Southeast Asian business to regional rival Grab, its second exit ......
TMT
Ola launches internal corruption probe against HR-admin head
Homegrown taxi aggregator Ola has initiated an internal probe into allegations of fraud amounting to millions of dollars against human ......
TMT
SoftBank, China's Didi to roll out ride-hailing venture in Japan
China’s Didi Chuxing and SoftBank Group Corp will roll out a venture in Japan later this year to provide ride-hailing ......
TMT
Why Ola's Foodpanda buy is unlikely to challenge Swiggy, Zomato dominance
Ride-hailing firm Ola’s second shot at the food business after acquiring the Indian business of Foodpanda is undoubtedly the most ......
TMT
Ola's fair valuation adviser projects $930 mn net profit in just three years
Cab-hailing firm Ola is likely to shrink its loss sharply this fiscal year and earn a net profit of as ......
TMT
Uber hacking cover-up collides with SoftBank deal, triggers probes worldwide
A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service ......
TMT
SoftBank funding may prompt Uber to review game plan in Southeast Asia
SoftBank Group’s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets ......
