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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.

Productivity

Boost productivity today: Transform tasks into games

Saniya Ahmad Khan | December 26, 2024

Discover 5 effective strategies to gamify tasks in 2025 and boost productivity. Turn your daily tasks into engaging challenges to achieve more.

Startup

The future of trading: How QuantMan and InstaOptions are empowering retail traders

Brand Solutions | December 26, 2024

The stock market can be overwhelming, but platforms like QuantMan and InstaOptions are here to simplify your trading journey.

Daily Capsule

The fast and furious rise of quick commerce; Creating AI agents

Team YS | December 26, 2024

The exponential growth in quick commerce has attracted newer ventures, and at the same time, brought in scrutiny and competition checks.

In-focus

Composio makes AI integrations more efficient by saving developer time

Akshita Toshniwal | December 26, 2024

With increasing AI usage and collaborations, enterprises want to turn the agentic integration path efficient and more reliable, marking a need for Composio.

News

GoMechanic eyes over 3-fold biz growth to Rs 700 Cr by 2027 before launching IPO

Press Trust of India | December 25, 2024

GoMechanic posted a revenue of Rs 210 crore in the financial year 2023-24 and a revenue of Rs 85 crore in the April-June 2024 quarter.

Daily Capsule

IndiQube’s first step to the markets; Building digital clones

Team YS | December 25, 2024

Workplace solutions provider IndiQube has become the latest company to file its draft red herring prospectus (DRHP) with markets regulator SEBI to raise funds through an initial public offering (IPO).

In-focus

Gym at home: Hyderabad fitness tech startup Portl launches strength training device

Abha Warrier | December 25, 2024

Founded in 2021, Hyderabad based fitness and wellness tech startup Portl has launched its new product, UltraGym.

In Depth

International destinations and spiritual connections shaped India's travel sector in 2024

Trisha Medhi | December 25, 2024

Uttar Pradesh, Maharashtra, Tamil Nadu, Karnataka, and Rajasthan have emerged as top destinations for domestic travel, benefiting from cultural festivals, wildlife tourism, religious pilgrimages, and rural tourism.