Uber
Uber is a global transportation company. It was founded in 2009 by Travis Kalanick and Garrett Camp. It first launched in San Francisco and allows users to request rides through a mobile app, connecting them with nearby drivers. This is to make transportation more accessible and efficient and to promote shared mobility.
In 2010, Uber launched its services in New York City, which marked its first expansion outside of San Francisco. Later in 2011, it expanded to Paris and France, and then to London and the UK in 2012.
Uber officially launched its services in India in August 2013, starting with the city of Bangalore. By December 2013, it expanded to over 60 cities globally.
Uber kept expanding with its consistent new launches, such as UberX (in 2012), UberPOOL (in 2013), UberEATS (in 2014), UberMOTO (in 2015), and self-driving cars (in 2016).
In 2017, Dara Khosrowshahi became its new CEO and the next year, the company filed for an IPO. In 2019, Uber went public and reported a significant loss. It then went on to launch Uber Money.
The same year, it announced its commitment to invest $1 billion in India over the next few years, started experimenting with electric vehicles (EVs), and partnered with EV manufacturers.
In 2020, the COVID-19 pandemic severely impacted Uber's ride-hailing business in India, leading to a significant decline in ride bookings. The same year UberEATS merged with Zomato, another food delivery service.
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Women in Tech
[100 Emerging Women Leaders] How Gayatri Agrawal is inspiring women to embrace tech
Saranya Chakrapani | November 23, 2024
Driven by curiosity and creativity, Gayatri Agrawal started ALTRD, which crafts tailored AI tools for businesses.
Art and Culture
Srila Chatterjee’s BARO Market makes art accessible and wearable
Debolina Biswas | November 23, 2024
With the Affordable Indian Art Show, Srila Chatterjee, Co-founder and Curator of Mumbai-based BARO Market, aims to break the barriers associated with art.
News
Govt notifies telecom cyber security rules; sets timelines for telcos to report security incidents
Press Trust of India | November 22, 2024
Telecom entities would also be required to adopt the telecom cyber security policy that would include security safeguards, risk management approaches, actions, training, network testing, and risk assessment.
Product
Three brothers on a mission to redefine everyday glassware into lifestyle statements
Brand Solutions | November 22, 2024
Make an ordinary day extraordinary! Bengaluru-based Glasafe leads the way by elevating daily-use glassware to safe and elegant lifestyle accessories. Show off that bottle!
News
Healthify slashes net loss by 38% in FY24 as both revenue, employee costs drop
Bhuvana Kamath | November 22, 2024
HealthifyMe Wellness Private Limited, the Indian entity of the group, clocked a standalone operating revenue of Rs 206.3 crore in FY24, a drop of 9% compared with Rs 228.7 crore earned in FY23.
Woman Entrepreneur
[100 Emerging Women Leaders] This woman entrepreneur has built a paradise for sneaker lovers
Simran Sharma | November 22, 2024
Superkicks, founded by Nisha Lulla and her husband Sangeet Paryani, is a retail store that offers a curated mix of globally renowned sneakers and exclusive premium apparel.
Daily Capsule
India’s love for short videos; Bounce on path to profitability
Team YS | November 22, 2024
Currently, over 63% of the short-form video engagement is coming from Tier II+ regions, with platforms like Josh and Moj tailoring content for local languages and preferences.