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Uber Technologies News

03 Aug 2022

Uber sells 7.8% stake in India's Zomato for $392 million: Sources

The offer size of the block deal was set to be for 612 million shares. The stake sale by Uber was worth 30.87 billion rupeees ($392 million).

Uber Technologies

14 Jun 2018

Uber hires Facebook's product director as its driver product head

Uber has been without a head of driver product since Aaron Schildkrout left in December, after a three-year stint with the company.

Uber Technologies

05 Jan 2018

Uber ex-CEO Travis Kalanick plans to sell 29% of stake: Source

Kalanick`s sale is part of a deal struck by a consortium led by SoftBank Group Corp which is taking a 17.5 percent stake in Uber.

30 Aug 2017

Uber officially welcomes Expedia's Dara Khosrowshahi as CEO

Uber Technologies Inc officially welcomed its new Chief Executive Dara Khosrowshahi, who has led online travel business Expedia Inc for 12 years, in a note sent to employees of the world`s biggest ride-services company late on Tuesday.

Uber Technologies

28 Aug 2017

Uber picks Expedia's Dara Khosrowshahi as new CEO

Uber Technologies Inc chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis.

07 Aug 2017

SoftBank CEO says interested in investing in Uber, Lyft

SoftBank Group CEO Masayoshi Son said he was interested in investing in ride-hailing firms Uber Technologies and Lyft but had not made a decision.

Uber Technologies

21 Jun 2017

Uber CEO Kalanick resigns under investor pressure

Travis Kalanick, the combative and troubled CEO of ride-hailing giant Uber, has resigned under pressure from investors.

Uber Technologies

20 Jun 2017

Uber to allow tipping for drivers, reversing long-standing policy

Uber Technologies Inc will, for the first time, allow drivers to collect tips through the Uber smartphone app, the company said on Tuesday, part of a broader effort to improve its often-contentious relationship with its drivers.

Uber Technologies

14 Jun 2017

Uber CEO takes leave of absence amid sweeping changes after scandals

Uber Technologies Inc Chief Executive Officer Travis Kalanick told employees on Tuesday he will take time away from the company he helped to found, one of a series of measures the ride-hailing company is taking to claw its way out from under a mountain of controversies.

20 Mar 2017

Uber president Jeff Jones quits, deepening turmoil

Ride services company Uber Technologies Inc has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help soften its often abrasive image.

01 Oct 2016

Maruti and Tata likely to gain: Uber plans india expansion with 2 lakh cabs

Uber will take this up through its leasing unit Xchange Leasing which will be doing the rounds of purchase for the cars.

27 Aug 2015

Uber China closes $1 billion fundraising round: Sources

With the close of the $1 billion round, Uber is re-lining its war chest for a drawn out battle with Chinese car-hailing app rival Didi Kuaidi, which last month raised $2 billion.

31 Jul 2015

Uber to invest $1 billion in India in next 9 months

"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.

Uber Technologies

17 Mar 2015

Uber CFO Brent Callinicos steps down

Uber Technologies Inc`s Chief Financial Officer Brent Callinicos is stepping down, the online taxi service`s CEO said in an email to investors.

24 Aug 2014

Get ready for 2-tier authentication while using credit cards

The Reserve Bank of India (RBI) said that all transactions involving domestic credit cards must follow rules requiring additional verification, a stance that could impact companies such as Uber Technologies Inc that provide more simple app-based purchases.

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