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Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.- Uber CEO Dara Khosrowshahi begins five-day India visit; meets finance minister Nirmala SitharamanUber CEO Dara Khosrowshahi is in India, meeting top ministers to discuss strategic investments and platform growth. He highlighted a quadru...
- CASHurDRIVE partners with Everest Fleet, backed by Uber, to launch tech-enabled transit media networkThe initiative combines cab wraps, in-cab screens, and real-time analytics to enhance brand visibility and customer engagement.
- Uber set to double its India tech workforce in 3–5 years, says CTOUber plans to double its India tech workforce in the next 3-5 years, recognizing the country as a crucial development hub. The company has ...
- Nearly 2,000 BluSmart EVs on the block as lenders, lessors look to recover moneyBluSmart faced financial issues and suspended operations. Now, lenders are trying to sell around 1,500-2,000 of its electric vehicles. Seve...
- Scoop: Uber in early discussions with EV ride-hailing startup BluSmart for a possible acquisitionUber is in early talks to acquire BluSmart Mobility, boosting its electric cab presence in India. The move comes amid Gensol Engineering’s ...
- UK’s BII to invest $33.5 million in India’s EV sectorBritish International Investment (BII) is investing $33.5 million in India's electric vehicle sector, divided among fleet operator Everest ...
- Fleet operator Everest Fleet raises $30 million from Uber IndiaEarlier this year, Axis Bank had extended a $12 million loan to Everest to push its transition to a sustainable electric fleet in India. Th...
- Uber to bring ‘Black’ back in big premiumisation pushUber is reviving its high-end Uber Black service in India, starting with a phased rollout in Mumbai, as the company focuses on upgrading it...
- Uber promotes APAC head Parameswaran to global roleParameswaran would head business development for Uber, its enterprise product, and new ‘fleets’ team
- Ride-hailing platform Rapido drives into cab services laneThe company has been piloting cabs in Hyderabad for a few months now, and is at an “advanced test stage”, a spokesperson for Rapido told ET...
- Rockstud Capital announces partial exit from Uber-backed Everest FleetThe development comes a day after another early investor of Everest Fleet, Artha Venture Fund, announced a partial exit from the Uber-backe...
- Early-stage VC Artha scores partial exit from Everest Fleet for $2 millionTalking to ET, Artha Venture Fund managing partner Anirudh Damani said the firm was targeting two more exits, partial and complete, in the ...
- Uber-backed Everest Fleet raises Rs 50 crore from Paragon PartnersThe equity investment into Everest Fleet has come just a month after it raised an undisclosed amount of debt from mid-market-focused altern...
- Uber appoints Arnab Kumar director of business development for India & South AsiaKumar has had previous stints at cryptocurrency exchange Coinbase, investment fund Prosus Ventures, and at Indian think tank Niti Aayog, wh...
- Taxi companies, drivers seek SC relief ahead of LMV licence issue hearingThe Tamil Nadu Urimai Kural Driver Trader Union, a group representing 2,250 drivers in the southern state, filed a petition on July 16 to j...
- ETtech Deals Digest: Indian startups raise $174 million this week, boosted by investment in LenskartFunding activity in Indian startups declined 83% from the same period last year, when companies had raised $1.05 billion across 60 rounds. ...
- Uber leads new $20 million funding round in Mumbai-based Everest FleetThe funding is Uber’s first inorganic investment in India, and comes in the backdrop of the US-based urban mobility company’s expansion int...
- In numbers: How cab aggregators are electrifying their fleetsWhile EV sales have been dominated by the personal use segment so far, can shared mobility platforms take volumes to the mass level? Lijee ...
- Amidst Covid-19 lockdown, a Mumbai-based startup is providing emergency rides in the cityLockdown isn’t easy, especially for healthcare professionals, essential service providers and even those who need to visit hospitals freque...
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