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UBER INDIA LOSS
Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techiesLenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.- Flipkart puts IPO on ice; Rapido's $240 million raiseFlipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.
- Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billionUrban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is p...
- 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.
- Ola Consumer turns free cash flow positive in H2 FY26 post biz rejigIndia's oldest cab aggregator, Ola Consumer, has achieved free cash flow positivity in the second half of FY26, marking a significant turna...
- In India, $1 housekeepers spark a consumer, worker frenzy despite safety risksSome Indian startups are offering house help for as little as $1 an hour, attracting thousands of women seeking work and consumers eager fo...
- From setbacks to second wind, what next for Ola and Bhavish Aggarwal?Ola Electric is struggling to revive its position after a sharp fall in market share, financial stress and operational challenges. Founder ...
- Oracle layoffs: Bengaluru techie with 14 years' experience becomes Uber driver, lives 'stress-free' on Rs 43,000 passive incomeA former Oracle employee, laid off after 14 years, chose a calm and measured reset. He returned to his hometown, Bhubaneswar, without panic...
- Uber India logs 41% rise in operating revenue at Rs 3,762 crore; loss narrows 71%Improvement in ride-hailing services and growth in support and service operations helped slash losses from Rs 311 crore to Rs 89 crore. Ove...
- Rapido posts wider FY23 loss, threefold growth in revenueRapido competes with the likes of Ola, Uber, Blusmart, Indrive, Shoffr and Namma Yatri in the Indian ride-hailing space. In FY23, Ola Cabs'...
- Uber India posts 54% increase in FY23 revenueUber India's net loss during the period under review swelled to Rs 311 crore from Rs 197 crore during FY22.
- Uber pushes intercity, reserve rides, leans on longer tripsThe company has expanded the intercity service to around 100 cities and is adding new features to the offering that increases the average t...
- India rides business 'adversely affected' by second Covid-19 wave, says Uber chiefUber CFO Nelson Chai said the growth in the US and other international markets would offset the headwinds being faced in India and Brazil.
- Zomato acquires Uber Eats in an all-stock transactionThe all-stock transaction will give the US-based ride-hailing company about 10% shareholding in Gurgaon-based Zomato.
- UberEats India devours firm's global numbersUber's total revenue rose nearly 30% to $3.81 billion, while net loss widened to $1.16 billion in the quarter ended September 30, the compa...
- Uber lays off 350 people, under 10% based in IndiaThese terminations will impact all of Uber’s businesses in the country, including uberEats
- Operating expenses to impact Uber's profitability in IndiaIn total, Uber is present in 63 countries spread across over 700 cities. India market ranks 5th outside US in terms of ride Miles.
- Uber India staff has a wishlist for new boss KhosrowshahiIndian executives want new CEO to immediately focus on strategies to pare losses in the country and save Uber from losing another market in...
- Ola's revenue surges seven-fold, but loss widens to Rs 2,313.66 crore in FY16"Advertising, initial driver incentives, strikes in major cities and customer discounts are some of the contributory aspects to the losses ...
- 8 reasons that made Uber yield in ChinaEven after raising and investing billions of dollars, Uber had failed to go beyond its 30-35% share in the Chinese market. The percentage i...
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