The CEO of ride-hailing company Ola Bhavish Aggarwal, commented on Uber s position in the Indian market. Aggarwal asserted Ola s dominance, claiming they are deep into India and tripling Uber s ride-sharing revenue in FY23. He criticised Uber for talking it up without significant action
Uber is slashing plans by about 2,500 jobs for Dallas site amid COVID-19 challenges bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Uber Spins Off Robotic Delivery Unit, Takes Stake in New Startup By Lizette Chapman | March 9, 2021
Uber Technologies Inc. is spinning out Postmates’ delivery robot operation into a separate startup, marking another chapter in the ride-hailing giant’s attempts to narrow its focus and become profitable.
Uber will co-lead what’s likely to be a $50 million investment in the new delivery startup, Serve Robotics, which will bring food, groceries and other items to Uber customers without human intervention. Uber will be a minority shareholder in Serve Robotics, the companies told Bloomberg.
The new startup will be led by Ali Kashani, who runs the robot deliveries unit for Postmates, which Uber acquired last year. Serve Robotics will start with about 60 employees and will be based in San Francisco, operating independently from Uber but retaining close ties with its former parent company
Uber spins off robotic delivery unit, takes stake in new startup
By Lizette Chapman Bloomberg,Updated March 2, 2021, 12:31 p.m.
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A screen displays On Delivery on top of a Postmates Serve autonomous delivery robot during a product demonstration in West Hollywood, California.David Swanson/Bloomberg
Uber Technologies is spinning out Postmatesâ delivery robot operation into a separate startup, marking another chapter in the ride-hailing giantâs attempts to narrow its focus and become profitable.
Uber will co-lead what s likely to be a $50 million investment in the new delivery startup, Serve Robotics, which will bring food, groceries and other items to Uber customers without human intervention. Uber will be a minority shareholder in Serve Robotics, the companies told Bloomberg.