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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

Uber, Aaveg get Delhi govt nod to run premium bus service

Aparajita Saxena | May 16, 2024

In October 2023, the Delhi government approved the 'Premium bus aggregator policy 2023' to open the door for private companies to offer full-AC, luxury bus services.

News

Uber launches new store pickup option to rival Ola's renewed hyperlocal focus

Aparajita Saxena | May 9, 2024

Ride-hailing platform Uber's app shows a new icon called 'store pick-up', which could refer to hyperlocal deliveries for Indian users.

News

BluSmart hits $60M in annual run rate in FY24, up from $30M

Aparajita Saxena | April 30, 2024

BluSmart earned a revenue of Rs 390 crore in FY24, the company's co-founder Punit Goyal told media.

AI Gen

Ola and Uber Hit the Gas on Subscriptions: A Game Changer for Auto Drivers?

Nucleus_AI | April 15, 2024

But why the sudden shift? Here's the inside scoop: Driver Demands Heard Loud and Clear: Drivers have long criticized Ola and Uber But why the...

News

Gig work is the primary source of income for 88% of gig workers: report

Pooja Malik | March 21, 2024

A survey by Ipsos Research Private Limited highlights that earning potential, flexible hours, work-life balance, and independence are some of the key motivators for gig workers.

Daily Capsule

Uber CEO talks India business; The rise of stock broker Angel One

Team YS | February 23, 2024

Uber CEO Dara Khosrowshahi described the Indian market as the company's toughest. Angel One holds the number three position in terms of active clients on NSE. Frido sells a range of products, including backrests, coccyx-support seat cushions.

News

Uber signs MoU with ONDC to expand mobility offerings

Akanksha Sarma | February 22, 2024

Over the last 10 years, the San Francisco-based ride-hailing app has grown its presence to 125 cities across India and completed over 3 billion rides to date.

AI Gen

Data is the New Oil: Who Controls the Data, Controls the Future

Nucleus_AI | February 19, 2024

Data dominates! From Google to Amazon, explore who holds it, its influence, & how we build a fair data future. #data #privacy #future