Uber Technologies Inc
Infrastructure
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 ......
TMT
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 ......
TMT
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...
Finance
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 ......
TMT
Uber India cuts a quarter of jobs as lockdown hits business
Ride hailing company Uber Technologies Inc’s Indian arm will cut 600 jobs across functions, as it navigates a strict coronavirus...
TMT
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...
TMT
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 ......
Finance
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...
TMT
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 ......
TMT
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...
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