News reports suggest that four investors—Japan’s SoftBank, China’s Didi Chuxing and investment firms Dragoneer Investment and General Atlantic—are looking to invest in taxi-hailing major Uber.
The investment, however, is subject to a resolution of the conflict between Uber’s former CEO Travis Kalanick and the company’s key backer, venture capital firm Benchmark.
Will the prospect of a potential investment of $2-10 billion make Kalanick relinquish the board positions he controls? The investment, if it happens, also raises alarm bells for Ola, Uber’s arch-rival in India.
Since SoftBank is already an investor in Ola, what will this deal mean for India’s cab-hailing segment?
Watch the video to know more.
Like this video? Sign up for our daily newsletter to get our top reports & videos.
Leave Your Comment
11 months ago
Global taxi aggregator Uber Technologies Inc is in discussions with a group of...
1 year ago
Cab-hailing firm Uber Technologies Inc.’s shareholders and board have...
2 years ago
Apple Inc has invested $1 billion in Chinese ride-hailing firm Didi Chuxing,...