Uber said it is focusing on launching solutions that enhance customer experience on its platform
Uber will report second-quarter financials to investors this week
As Softbank explores the opportunity of investing in US ride hailing giant Uber, a truce between its unit in India and rival Ola isn't an immediate condition the Japanese investor is putting forward according to a Bloomberg report.Masayoshi Son, Chairman and CEO of Softbank, on August 7 confirmed that the company was in talks with both Uber as well as its rival Lyft as the US ride hailing market was very big and the most important market globally.The report says that while Uber will raise just $1 billion to $1.5 billion at its current valuation of $70 billion, a second and much larger component will will be used to purchase shares of current investors at a lower valuation.The entire size of the round is said to be somewhere near $12 billion, with majority of that money coming from Softbank and China's Didi Chuxing.However, the deal is said to be hung on Uber's ability to resolve a boardroom brawl between founder Travis Kalanick and one of the company's largest investors Benchmark ...
Benchmark was among the Uber investors in June who pressed Kalanick to step down
Kalanick called the lawsuit completely without merit and riddled with lies and false allegations
With a new campaign that talks about togetherness, Uber challenges the narrative of homegrown rivals
Uber has already completed 500 million trips in India
WSJ reported earlier on Tuesday that as many as 500 jobs could be affected by the programme
Chasing breakneck growth, the ride-hailing giant bought Honda SUVs in Singapore subject to a recall
There have been some incidents in the past where riders have reported bad experiences with drivers
Talks led by Benchmark, one of the startup's earliest investors
Uber Technologies is handing over the keys to its business in Russia
A traditional industry gets disrupted, then starts to adapt
Company's senior leaders have made impassioned pleas reassuring them it is worth sticking around
Uber driver was convicted of rape and given a life sentence in prison in 2015.
The ride-hailing app has failed to live up to its promises; it's time to avoid it
This move comes after a series of events that have raised questions about Uber's business model
Problem with commissions has arisen amid driver discontent over a range of issues
Drivers through this feature can collect compliment badges for their good behaviour
Gautam Gupta will depart Uber in July to become COO at a younger startup in San Francisco