ride-hailing
TMT
Hyundai Motor, Kia to invest $300 mn in Ola
Ride-hailing company Ola has raised $300 million (Rs 2,050 crore) from South Korean automakers Hyundai Motor Co and Kia Motors ......
TMT
Careem acqui-hires bus aggregator Commut; Shuttl to take over local ops
UAE-headquartered ride-hailing firm Careem has acqui-hired app-based Indian bus shuttle operator Commut as it readies to launch bus booking services ......
TMT
Two Chinese investors pump $50 mn into cab aggregator Ola
Cab-hailing app Ola, run by ANI Technologies Pvt. Ltd, has raised $50 million (around Rs 360 crore) from two new ......
TMT
Uber sells Southeast Asia business to SoftBank-backed Grab
Ride-hailing firm Uber Technologies Inc. has decided to sell its Southeast Asian business to regional rival Grab, its second exit ......
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Ola launches internal corruption probe against HR-admin head
Homegrown taxi aggregator Ola has initiated an internal probe into allegations of fraud amounting to millions of dollars against human ......
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SoftBank, China's Didi to roll out ride-hailing venture in Japan
China’s Didi Chuxing and SoftBank Group Corp will roll out a venture in Japan later this year to provide ride-hailing ......
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Why Ola's Foodpanda buy is unlikely to challenge Swiggy, Zomato dominance
Ride-hailing firm Ola’s second shot at the food business after acquiring the Indian business of Foodpanda is undoubtedly the most ......
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Ola's fair valuation adviser projects $930 mn net profit in just three years
Cab-hailing firm Ola is likely to shrink its loss sharply this fiscal year and earn a net profit of as ......
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Uber hacking cover-up collides with SoftBank deal, triggers probes worldwide
A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service ......
TMT
SoftBank funding may prompt Uber to review game plan in Southeast Asia
SoftBank Group’s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets ......
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