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UBER CAREEM INVESTMENT
Abu Dhabi's tech hub sees surge of interest from start-upsHub71, backed by Abu Dhabi state fund Mubadala Investment Co, the SoftBank Vision Fund, and Microsoft, has accepted 100 start-up firms sinc...
19 Oct, 2021, 06.22 PM IST
Amazon rival Noon to draw $2 billion from PIF, other backersThe investments from the Public Investment Fund and others will be used to upgrade infrastructure and help speed up deliveries, Noon founde...
04 Oct, 2021, 04.39 PM IST
Uber cuts 3,000 jobs as virus slashes payroll by 25%The ride-hailing giant will be closing or consolidating 45 offices globally, and almost all departments will be affected by layoffs. The co...
19 May, 2020, 12.17 AM IST
Uber’s CEO, a seasoned dealmaker, pursues his biggest one yetIn the negotiations, Grubhub had been seeking a ratio of 2.15 Uber shares for each one of Grubhub’s, a person familiar with the talks said....
15 May, 2020, 09.11 AM IST
Uber loses $2.9 billion, offloads bike and scooter businessEarlier this week, Uber said it was cutting 3,700 full-time workers, or about 14 per cent of its workforce, as people avoiding contagion ei...
08 May, 2020, 05.12 PM IST
Uber, posting first-ever decline in rides, says worst is overDuring the past week, Uber has embarked on a blitz of cost-trimming moves. Uber said it will end food delivery operations in more than a ha...
08 May, 2020, 08.48 AM IST
Dubai Technology Entrepreneur Campus – A Leading Hub for Start-ups and InnovationsStart-ups from around 70 countries have took advantage at the state-of-the-art Dubai Technology Entrepreneur Campus Dtec , a start-up hub i...
28 Feb, 2020, 03.49 PM IST
Uber is said to seal $3.1 billion deal to buy Careem in daysCareem was valued at about $1 billion in a 2016 funding round, making it one of the most valuable technology startups in the Middle East.
25 Mar, 2019, 09.20 AM IST
Here are the big winners hitching a ride on Lyft's IPO planLyft’s filing revealed some startling numbers for the startup. The company lost $991 million last year even as its revenues surged.
02 Mar, 2019, 11.20 AM IST
Uber is said to hold advanced talks to buy Mideast’s CareemCareem was valued at about $1 billion in a 2016 funding round, making it one of the most valuable technology startups in the Middle East.
01 Mar, 2019, 09.08 AM IST
The strange story of Uber’s massive fund raising deal from the Saudi governmentThe $3.5 bn deal is now drawing Uber into a global reckoning over the business world's ties with Saudi.
05 Nov, 2018, 09.28 PM IST