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YSTV

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.

News

Elon Musk’s xAI acquires his social media platform X for $33B

Saranya Chakrapani | March 29, 2025

The move integrates xAI’s advanced AI technologies with X’s extensive user base, aiming to enhance user experiences.

Daily Capsule

The many troubles at BluSmart; Priyanka K Mohan on Yakshagana dance

Team YS | March 29, 2025

BluSmart will deploy around 300 electric cabs on Uber’s platform. Priyanka K Mohan is working on preserving endangered indigenous art forms in India. Code Effort is recycling cigarette waste for commercial purposes.

Artificial Intelligence

Why is this Ghibli Filter making the creative artists sweat?

Nucleus_AI | March 28, 2025

In the ever-evolving landscape of artificial intelligence, a new trend has emerged that's causing quite a stir among creative professionals...

Electric Vehicle

Refex Green Mobility drops plans with Gensol to take over BluSmart cabs

Sai Keerthi | March 28, 2025

The move by the company adds to the continuous stream of unfortunate developments at Gensol Engineering, which is facing a liquidity crunch.

News

Tata Neu-HDFC Bank credit card crosses 2M issuances

Sayan Sen | March 28, 2025

The card's integration with UPI is said to have contributed to the high engagement, with over 12 million transactions a month and Rs 800 crore of monthly spending via UPI.

News

BluSmart to deploy 300 electric cabs on Uber’s platform

Sai Keerthi | March 28, 2025

This move is part of an experiment EV ride-hailing company BluSmart is running, similar to the pilot it ran with Rapido earlier.

Funding

smallcase raises $50M in Series D round led by Elev8

Sayan Sen | March 28, 2025

The funding will enable smallcase to expand its investment product offerings across asset classes, strengthen retail investor engagement, and deepen partnerships with financial institutions.

Daily Capsule

Unlocking consent-based data sharing; Backing AI startups with India connect

Team YS | March 28, 2025

Enter Equal, an identity verification aggregator that helps businesses address critical pain points such as KYC, fraud prevention, onboarding, income validation, and regulatory compliance.