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Uber-backed Everest Fleet raises fresh funding from PE firm

Infrastructure

20 September, 2023

Uber-backed Everest Fleet raises fresh funding from PE firm

Fleet management company Everest Fleet has raised funding from an Indian mid-market private equity firm, less than a month after ......

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How an Ola investor slashed its valuation by almost half after virus outbreak

TMT

23 October, 2020

How an Ola investor slashed its valuation by almost half after virus outbreak

Ride-hailing firm Ola’s valuation was cut by almost half earlier this year by one of its investors after a nationwide ......

London regulator strips Ola's licence over public safety failings

TMT

05 October, 2020

London regulator strips Ola's licence over public safety failings

London's public transport authority stripped Indian ride-hailing company Ola of its London operating licence, saying that the taxi app was ......

SoftBank Vision Fund head's pay doubled last year despite massive losses

Finance

01 June, 2020

SoftBank Vision Fund head's pay doubled last year despite massive losses

SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to 1.6 ......

Uber India cuts a quarter of jobs as lockdown hits business

TMT

26 May, 2020

Uber India cuts a quarter of jobs as lockdown hits business

Uber Technologies Inc will cut around 600 jobs in India as part of its plans to cut 23% of its ......

Ola to cut one-third workforce as revenue slumps in lockdown

TMT

20 May, 2020

Ola to cut one-third workforce as revenue slumps in lockdown

Cab aggregator Ola is letting go 1,400 employees as the coronavirus pandemic has hurt its core ride-hailing business, joining a ......

Uber cuts 3,000 more jobs as pandemic jolts ride-hailing business

TMT

19 May, 2020

Uber cuts 3,000 more jobs as pandemic jolts ride-hailing business

Uber Technologies Inc will concentrate on its core businesses in ride-hailing and food delivery and cut 23% of its workforce ......

SoftBank Vision Fund tumbles to $18 bn loss in ‘valley of coronavirus'

Finance

18 May, 2020

SoftBank Vision Fund tumbles to $18 bn loss in ‘valley of coronavirus'

Japan's SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son's conglomerate to ......

Uber to require drivers, riders to wear masks around the world

TMT

14 May, 2020

Uber to require drivers, riders to wear masks around the world

Uber Technologies, Inc. on Wednesday said it will require drivers, delivery workers and riders globally to wear a mask as ......

Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary

TMT

06 May, 2020

Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary

Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary ......