OYO sacks 25 employees in China for unethical conduct, delists two hotels

Binu Paul

Budget hospitality chain OYO has fired 25 employees from its China subsidiary for misconduct and warned 110 more as part of an ....

18 April, 2019

Airbnb may invest up to $200 mn in OYO: Report

Kavya Kothiyal

US-based online home rental company Airbnb is currently in talks to invest $100-200 million in homegrown budget hospitality chain ....

19 March, 2019
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OYO to invest $200 mn in India & Southeast Asia ops this year

Vijayakumar Pitchiah

Hospitality unicorn OYO has committed to invest Rs 1,400 crore (around $200 million) in its Indian and Southeast Asian operations ....

12 March, 2019

OYO marks close of $1 bn funding round with Didi Chuxing investment

Binu Paul

Budget hospitality chain OYO has raised $100 million (Rs 709.4 crore at current exchange rate) from Chinese ride-hailing firm ....

14 February, 2019

Ola backer Didi Chuxing diversifies beyond ride-hailing after safety scandals

Reuters

China's Didi Chuxing has launched a suite of financial products, including crowdfunding and lending, as it continues ....

2 January, 2019

Why bike-sharing firm Ofo's dramatic fall should serve as a cautionary tale

Reuters

On the sidewalks of Shanghai and Beijing, once bright-yellow Ofo bicycles lie in varying states of disrepair - chains unhooked, ....

24 December, 2018
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BookMyShow joins Grab’s accelerator programme to expand Southeast Asia biz

Kavya Kothiyal

Bigtree Entertainment Pvt. Ltd, which owns and operates online ticketing platform BookMyShow, has joined Grab Ventures Velocity, ....

23 November, 2018

SoftBank teams up with Toyota for future car technologies

Reuters

Toyota Motor Corp and SoftBank Group Corp said they would team up to develop new transport services, adding to a slew of deals ....

4 October, 2018

Shuttl to absorb Commut’s local ops as Careem acqui-hires bus aggregator

Binu Paul

UAE-headquartered ride-hailing firm Careem has acqui-hired app-based Indian bus shuttle operator Commut as it readies to launch ....

24 September, 2018

After Ola, Chinese ride-sharing giant Didi enters Australia

Reuters

Didi Chuxing Technology Co Ltd, the Chinese ride-sharing company that bought the mainland operations of Uber Technologies Inc, ....

15 June, 2018
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Uber shrinks quarterly loss, plans new share sale

Reuters

Uber cut its losses almost in half and its ride bookings jumped 51 percent since one year ago, the Silicon Valley ride-services ....

24 May, 2018

SoftBank-backed Grab acquires Uber's Southeast Asia business

Team TC

Ride-hailing firm Uber Technologies Inc. has decided to sell its Southeast Asian business to regional rival Grab, its second exit ....

26 March, 2018

Japan's Sony plans AI-powered taxi-hailing system to take on SoftBank

Reuters

Sony Corp said on Tuesday it would become the latest blue-chip firm to jockey for position in Japan's taxi and ride-hailing ....

20 February, 2018

SoftBank, China’s Didi to roll out ride-hailing venture in Japan

Reuters

China’s Didi Chuxing and SoftBank Group Corp will roll out a venture in Japan later this year to provide ride-hailing services, ....

9 February, 2018

Ola goes global with Australia launch, takes on Uber

Manu P Toms

Amid heightened speculation over Ola and Uber collaborating in India, the homegrown ride-hailing unicorn has made its first overseas ....

30 January, 2018

Uber to buy Geometric Intelligence to strengthen its AI wing

Dearton Thomas Hector

US- based ride-hailing app Uber Inc. on Monday made two significant announcements in its blog. The first was its creation of a ....

6 December, 2016

Uber's UK-based rival Karhoo shuts shop

Dearton Thomas Hector

London-headquartered Karhoo Technologies Ltd, which runs taxi app Karhoo announced on Tuesday that they are shutting down operations ....

9 November, 2016

A peek at Uber's revamped rider app

Dearton Thomas Hector

US-based ride hailing service Uber just overhauled its app in order to offer a "faster and personalised" experience to customers. ....

4 November, 2016

Now Chinese ride-hailing major Didi Chuxing wants to go global

Dearton Thomas Hector

Chinese taxi-hailing firm Didi Chuxing has expressed its ambitions to go global. Didi's president Jean Liu made it clear at an ....

21 October, 2016

Uber still not ready for IPO, says CEO Travis Kalanick

Dearton Thomas Hector

Uber Technologies Inc., the world's largest cab-hailing service provider, is not yet ready for an initial public offering, co-founder ....

20 October, 2016

Ola in talks with SoftBank and General Motors to raise $500 mn

Dearton Thomas Hector

ANI Technologies Pvt Ltd, which runs cab-hailing app Ola, is reportedly in talks with its existing investors that include Japan's ....

13 October, 2016