The pandemic took a toll on Indian Startups, hundreds of which are handing out thousands of pink slips to employees to cut losses. Even big unicorn startups are no exception.
Poor funding, meagre investment and COVID-19 restrictions forced these top Indian startups to lay off employees in their thousands.
With little certainty how long the gut blow to the ride-hailing business last, Uber CEO Dara Khosrowshahi has renewed interest in Uber Eats but his tried and tested pre-pandemic approach with the proposed Grubhub acquisition already has critics calling out the concerns.
Zomato is on the verge of acquiring UberEats and apparently making headway, but what looks like expansion for Zomato ironically takes away its advantage over Swiggy in the market. Here’s why.
As a safety measure, Uber will reportedly start recording audio during rides to identify any warning signs. The feature will be opt-in for users to activate audio recording on any trip or all trips, The Washington Post notes.
Uber is reportedly experimenting with a new feature that makes it easier for the drivers to find out whether the riders are bringing a pet along for the ride.
Uber announced a slew of new features to its cab-hailing app to ensure a safer ride for customers. The updated app now lets you choose to receive a four-digit PIN to verify your ride. Uber also said that it is working on new technology for a PIN-free verification using ultrasound waves, the official blog noted.
FM Nirmala Sitharaman kicked up a storm with her statement that the millennial mindset of using services such as Uber and Ola instead of purchasing vehicles had contributed to the auto sector slowdown.
Professional bodies including lawyers, CAs and architects, among others, also gig economy companies such as Ola and Uber would soon have to start filing data regarding jobs created.
Uber again missed revenue expectations and reported a record loss of $5.24 billion in the last quarter, but while CEO and investors don’t care, this is a trajectory it will find hard to shed.