Last Updated: Tuesday, September 15, 2015, 12:00
An industry source said the funding was part of an overall $500 million the company is planning to raise, which will value Ola at around $5 billion.
Last Updated: Monday, September 14, 2015, 15:38
The Bengaluru-based firm has also roped in former LeasePlan India executive Rahul Maroli as Vice President (Strategic Supply Initiatives) to head the leasing business that will operate as a fully-owned subsidiary company.
Last Updated: Tuesday, September 8, 2015, 08:37
Kalanick made the comments at an event held by Uber investor Baidu Inc in Beijing. On Monday, Uber China said it had raised $1.2 billion as part of an ongoing fundraising round.
Last Updated: Monday, August 24, 2015, 15:22
This move will allow Ola users, who maintain a significant balance in their Ola Money accounts, to pay conveniently on a wide range of leading e-commerce platforms.
Last Updated: Monday, August 24, 2015, 15:07
This follows the launch of Uber in seven cities (Bhubaneswar, Coimbatore, Indore, Mysore, Nagpur, Surat and Visakhapatnam) in July.
Last Updated: Sunday, August 23, 2015, 15:05
Taxi-hailing service Uber is investing "heavily" in safety measures for its customers in the country as it charts a USD 1-billion action plan to ramp up operations here.
Last Updated: Friday, August 21, 2015, 14:41
US-based taxi-hailing app Uber has signed an agreement with telecom major Bharti Airtel to offer free high-speed Internet in its cabs across the country.
Last Updated: Friday, August 21, 2015, 13:58
Uber has tied up with Airtel to offer the internet service.
Last Updated: Wednesday, August 19, 2015, 15:16
The companies, however, declined to comment on the amount being invested and the percentage of stake being picked up.
Last Updated: Wednesday, August 19, 2015, 12:20
Other investors include hedge fund Coatue Management LLC and China`s mobile car-ride hailing company Didi Kuaidi, said GrabTaxi, which competes with Uber Technologies Inc.
Last Updated: Friday, August 7, 2015, 13:58
Competition Commission of India (CCI) Chairman Ashok Chawla said the probe is going on with respect to Bengaluru city.
Last Updated: Friday, July 31, 2015, 08:27
"Uber has grown exponentially in India, a global priority market for us, which has also quickly become the largest market geographically for Uber outside the U.S.," Amit Jain, President of Uber India said in a statement.
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