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.
- Articles(4087)
- Videos(101)
Social Impact
How Prateek Khandelwal is bringing inclusivity to urban infrastructure
Saranya Chakrapani | January 18, 2025
In a world designed for the able-bodied, Prateek Khandelwal has turned his personal adversity into a mission to challenge societal perceptions, redefine accessibility, and show that inclusivity is not an act of charity but a basic human right.
Opinion
How custom analytics solutions can drive ecommerce success
Anirudh Varshney | January 18, 2025
Automation in media management, paired with intelligent bid optimization, enables brands to to remain nimble, efficient, and strategically positioned in the crowded ecommerce arena.
Opinion
Dreams, doubts, and dead ends: Why Gen Z can't find career clarity
Gaurav Bhagat | January 18, 2025
Gen Z isn’t just choosing between a few established careers; they’re sorting through countless new roles—many of which didn’t exist a decade ago.
Wine and Food
At ITC Gardenia’s new restaurant Cajsa, minimalism takes centre stage
Debolina Biswas | January 18, 2025
Reimagined in a space that earlier housed Ottimo Cucina, Cajsa offers a global gastronomic experience, delivering classics from across the globe but with an emphasis on simplicity.
Cryptocurrency
WazirX freezes first tranche of stolen funds worth $3M USDT
Sai Keerthi | January 17, 2025
The announcement comes days after a joint statement from the US, South Korea, and Japan governments, which attributes the cyberattack to North Korean hackers.
Gaming
KRAFTON to boost investment in first-party games production
Sai Keerthi | January 17, 2025
The company is also targeting expanding its publishing volume and optimising resource allocation to achieve its mid-to-long term objectives.
FMCG
Scale or sale: D2C brands feel the FMCG pull as consolidation in the sector grows
Akshita Toshniwal | January 17, 2025
Minimalist and Wow Skin Science are among the latest digital-first brands either seeking or having already been acquired by traditional FMCG companies aiming to expand their portfolios with niche, youth-focused brands.