10 Apr 2018
Uber acquires dockless bike-sharing start-up JUMP for $200 million
Uber has acquired dockless bike-sharing start-up JUMP for an undisclosed amount of money. However, some reports suggested that the deal was finalized at a price closer to $200 million.
11 Oct 2017
Ola raises $1.1bn from Tencent, another $1bn in "advanced talks"
Ola has confirmed that it raised a funding of $1.1bn from Chinese internet giant Tencent and is in "advanced talks" with others to raise an additional $1bn.
03 Oct 2017
Ola to get $2bn in fresh funding from Tencent, SoftBank
While its biggest rival Uber is witnessing a tussle between its founder and erstwhile CEO Travis Kalanick and the present board, Ola is gearing up for another round of funding.
16 Aug 2017
Uber's $12bn investor deal hinges on Benchmark/Kalanick lawsuit
The troubled ride-hailing company Uber is reportedly looking to raise $12bn-worth funds from four investors, Japan's SoftBank Group, China's Didi Chuxing, and American equity firms Dragoneer Investment Group and General Atlantic.
25 Jul 2017
Microsoft mulls on investing $100 million in Ola's parent firm
According to reports, Microsoft is now mulling on investing $50-100 million (Rs. 320-640 crore) to acquire a minority stake in ANI Technologies Pvt. Ltd, which runs Ola, the home-grown ride hailing platform.
14 Jul 2017
Uber to merge with Russia's Yandex in a $3.7bn deal
Looks like Uber has given in to the competition with Yandex.Taxi in Russia.
17 May 2017
Mukesh "Global Game Changer" Ambani, says 2017 Forbes list
2017 is going to be a golden year for Mukesh Ambani
16 Apr 2017
Uber shares financially upward trajectory to cover failures
Uber is a privately held company and is therefore not legally required to share its financial credentials with the public or anyone else for that matter.
13 Apr 2017
Lyft raises $600 million: How much is it worth now?
San Francisco-based ride-services firm Lyft has raised $600mn in a fresh funding round, fuelling the company's growth.
30 Mar 2017
Indian online players want government to ensure fair play
Indian online players argue that foreign rivals enjoy more fringe benefits than home grown ones.