![Dara Khosrowshahi](/https/economictimes.indiatimes.com/thumb/msid-80602734,height-184,width-182/magazines/panache/panache-people-101/dara-khosrowshahi.jpg)
Dara Khosrowshahi
CEO, UberBirth DetailsMay 28, 1969 | Tehran, Iran
NationalityAmerican
LeagueBusiness Leader
EducationBS, Brown University
Dara Khosrowshahi’s Journey so far
Before you go ...
- Dara Khosrowshahi’s family emigrated from Iran to the United States during the Iranian revolution in 1978 when he was just nine years old
- He did his schooling from the US and enrolled at Brown University from where he completed his Bachelor of Science(BS) in Electrical and Electronics Engineering
- Khosrowshahi’s first job was with Allen & Company where he served as Vice-President and also worked as an analyst. After 7 years in the investment bank, he stepped down to join IAC as CFO during the dot-com boom
- IAC acquired Expedia in 2002 and Khosrowshahi was promoted as the CEO of the travel firm in 2005. Under him, , Expedia went on an acquisition spree buying firms like Orbitz and HomeAway and invested heavily in mobile
- In total he clocked 41 deals amounting to $12.7 billion and grew the company's revenue to $10.1 billion from $2.1 billion. During his tenure, Expedia shares rose sharply
- Within a span of a few years, Khosrowshahi transformed Expedia into one of the world’s most successful travel and technology platforms. He not only transformed Expedia into a large travel company but also took care of employees; as a result, he was named one of the Highest Rated American CEOs on Glassdoor
- After over a decade in Expedia, he was appointed as CEO of ride-hailing firm Uber Technologies in 2017 beating candidates like Jeffrey Immelt of General Electric and Meg Whitman of Hewlett Packard Enterprises. He is also on the board of Uber
- In Uber, Khosrowshahi had to deal with a wave of major scandals but undertook bold steps like cutting costs, slashing jobs and exiting from unprofitable businesses to transform the San Francisco based cab-hailing app. He also guided Uber in acquiring Jump, a start-up renting electric bicycles and the Middle East-based ride-hailing firm Careem
- Khosrowshahi helped Uber raise $8.1 billion in an IPO in 2019, which was a watershed moment for the ride-hailing company. His ambition is to make Uber an Amazon of mobility
Before you go ...
- In an interview to ET in 2018, Khosrowshahi said Narendra Modi was his favourite entrepreneur
- He is one of the most outspoken CEOs of the technology world and has been vocal against some of the policies of Donald Trump. He voiced his displeasure particularly on Trump's policy on immigration
- He loves trekking in the mountains and loves cable TV
Last Updated: 12/02/2021
Dara Khosrowshahi News
Uber's second-quarter results beat Wall Street estimates on ride-sharing demandUber's second-quarter results beat Wall Street estimates on the back of steady demand for its ride-sharing and food-delivery services, sending the company's shares up 5% on Tuesday.
Uber’s India driver count tops 1 millionRide-hailing platform Uber reported $654 million loss on global revenue of $10.13 billion for the January-March 2024 quarter. The company's mobility business saw 26% growth in gross bookings. The number of monthly active users on the platform globally rose 15% to 149 million. Uber operates mobility and delivery services globally.
Uber’s hyperlocal push; Paytm Bank’s bill pay biz transferredHappy Thursday! Ride-hailing platform Uber is strengthening its hyperlocal deliveries from neighbourhood stores. This and more in today’s ETtech Morning Dispatch.
Drivers land better incentives in a crowded ride-hailing spaceRapido has introduced a subscription fee model for its driver partners on cabs and autos, doing away with the old structure of commissions on rides, while inDrive is offering commission rates of 10-12% to its drivers in India, less than half of leading players Uber and Ola’s 25-30% commission.
View: India's EV revolution is spreading from auto rickshaws to motorbikesIndia's urban landscape is rapidly evolving, especially in its bustling cities. A decade ago, the iconic auto-rickshaws were predominantly diesel-powered, with electric versions being a rare novelty. Fast forward to today, and Delhi leads the charge in transitioning to battery-powered three-wheelers, capturing 54% of the market. This shift is driven by the cost-effectiveness and efficiency of electric models, prompting even Uber's CEO to explore the trend. The financial allure of electric vehicles extends beyond three-wheelers, with manufacturers now eyeing the two-wheeler market. This shift, if replicated, could significantly impact India's oil demand, especially in the face of rising fuel prices.
Amazon Pay secures payment aggregator licence; Krutrim AI’s chatbotAmazon Pay has received a payment aggregator licence from the Reserve Bank of India (RBI). This and more in today’s ETtech Top 5.
Adani in talks with Uber to own, operate an EV fleetAdani group plans to operate an EV fleet on Uber. Adani Airports has dedicated pick-up zones for Uber. Uber aims to convert its entire fleet to electric by 2040. Adani One offers travel services including flight bookings and hotels.
Uber CEO Dara Khosrowshahi on cofounder Travis Kalanick: “distance has allowed healing to happen”Responding to a question on whether India’s importance for Uber had changed since Travis Kalanick’s departure, Khosrowshahi said, “I’m a different kind of leader…I’m not necessarily going to do a bunch of arm-waving. That has its place and can be effective but our position in India as a company has never been stronger”.
Exclusive: Uber CEO Dara Khosrowshahi interview; Paytm Bank denies Fema breachHappy Monday! Uber Technologies will be laser-focussed on its mobility business in India and consolidate its market share, CEO Dara Khosrowshahi told ET in an exclusive interview. More on this in today’s ETtech Morning Dispatch.
While Ola taps new roads, our focus still ride-hailing: Uber CEO Dara Khosrowshahi54-year-old Dara Khosrowshahi, who steered Uber to full-year profits of $1.1 billion in 2023 globally, said Uber India was now a “self-sustaining business” and was reinvesting profits into expansion across Tier-II and III markets and other fast-growing products.
Anand Mahindra makes a confession after meeting Uber CEO Dara Khosrowshahi for second timeMahindra Group Chairman Anand Mahindra met with Uber CEO Dara Khosrowshahi during his visit to India. They had first met at Davos during with Mahindra had doubts about Khosrowshahi's tenure and Uber's longevity. However, Khosrowshahi transformed Uber, leading to significant growth and market capitalization. Mahindra praised Khosrowshahi's leadership.
"Looking forward to take our partnership to the next level," says Uber CEO after meeting Gautam AdaniUber CEO Dara Khosrowshahi has met with Indian business tycoon Gautam Adani and expressed excitement for future collaborations. The two leaders discussed India's growth story and Uber's vision for the subcontinent. Adani praised Uber India's commitment to uplifting Indian drivers' dignity and emphasized the company's commitment to accelerating the transition to electric vehicles (EVs).
Indians are extremely demanding, but are not willing to pay for anything: Uber CEO Dara KhosrowshahiDuring a conversation with Nandan Nilekani, Uber CEO Dara Khosrowshahi highlighted the Indian market's demands and reluctance to pay. He plans to introduce low-cost service segments and bus services to cater to a wider population. Uber made $3 billion in profits and signed an MoU with ONDC to expand its mobility offerings.
Locally made Google Pixel phones soon; Uber CEO on IndiaGoogle may start manufacturing its flagship Pixel smartphones in India as early as next quarter. This and more in today’s ETtech Top 5.
Uber CEO aims to get into cheap rides in ‘toughest market’ India, extending rivalry with OlaUber CEO Dara Khosrowshahi discussed the company's expansion into the two- and three-wheeled rides market in India, including scooters, motorbikes, and bus services. Uber signed an agreement with the Open Network for Digital Commerce, supporting India's digital economy growth.
Dara Khosrowshahi hails India’s DPI as Uber inks MoU with ONDCDuring a conversation with Infosys chairman Nandan Nilekani, Uber CEO Khosrowshahi called India one of the “toughest markets for Uber”, and said that for Uber, it is the gateway for the rest of the world..
Tata, Uber aim for strategic alliance to drive digital businessUber Technologies CEO Dara Khosrowshahi met Tata Sons chairman N Chandrasekaran in Davos earlier this year and they're expected to talk again in Mumbai during the former's upcoming India trip to discuss the broad contours of a potential alliance, executives aware of the matter said. The exact terms of engagement are still being worked out and there's no guarantee it will lead to anything concrete.
Tata hails Uber to drive Neu trafficUber Technologies CEO Dara Khosrowshahi met Tata Sons chairman N Chandrasekaran in Davos earlier this year and they're expected to talk again in Mumbai during the former's upcoming India trip to discuss the broad contours of a potential alliance, executives aware of the matter said. The exact terms of engagement are still being worked out and there's no guarantee it will lead to anything concrete.
Uber reports record ridership and second straight quarterly profitThe company had $9.3 billion in revenue in its most recent quarter, lower than Wall Street investors expected but an 11% increase from a year earlier, and generated $221 million in net income.
Uber's surge pricing sparks controversy amidst record-breaking profitsUber's surge pricing has once again been put under the spotlight after CEO Dara Khosrowshahi was shocked at the exorbitant fare charged to a journalist. Khosrowshahi attributed surge pricing to inflation and increased costs of labour, but Forbes' report contradicted this, revealing that Uber's prices in the US had risen at four times the rate of inflation from 2018 to 2022. Uber announced a record-breaking Q2 performance, but surge pricing has also resulted in the company's stock falling nearly 6%.
Uber shares fall as fears over Lyft's pricing eclipse first operating profitUber reported second-quarter revenue of $9.23 billion, missing analysts' estimates of $9.33 billion, according to Refinitiv IBES data, as a weak freight market pinches.
Uber CFO Nelson Chai plans to step downUber Technologies Chief Financial Officer Nelson Chai is planning to leave the ride-hailing company, Bloomberg News reported on Monday, citing people familiar with the matter.
Uber's diversity chief put on leave after complaints of insensitivityDara Khosrowshahi, Uber's CEO, and Nikki Krishnamurthy, chief people officer, last week asked Bo Young Lee, head of diversity, "to step back and take a leave of absence while we determine next steps," according to an email Thursday from Krishnamurthy to some employees that was viewed by The New York Times.
Uber signs seven-year cloud partnership deal with OracleBy migrating some of the company’s most critical workloads to Oracle Cloud Infrastructure, Uber will be in a position to modernise its infrastructure while also accelerating its path to profitability, according to a press release.
Uber signs 7-year cloud partnership deal with OracleOracle today announced a seven-year strategic cloud partnership with Uber Technologies Inc to accelerate the transport aggregator’s innovation, help deliver new products to market, and drive increased profitability.
Uber sets sights on profits in 2023 as pandemic pain easesChief Executive Officer Dara Khosrowshahi said the company was now focused on achieving profitability on a GAAP basis this year.
Uber CEO says won’t cut jobs despite mounting tech layoffsUber Technologies Inc. isn’t considering cutting jobs even as competitors from DoorDash Inc. to Lyft Inc. slash staff to deal with an uncertain economic outlook, Chief Executive Officer Dara Khosrowshahi said Thursday.
Uber Q2 Results: Revenue up 72% to $8.34 bnUber, however, is also aiming to scale back hiring and reduce expenses to expand profitability amid macroeconomic uncertainties, with Khosrowshahi stressing the importance of "not taking anything for granted".The company forecast fourth-quarter adjusted EBITDA, a profitability metric keenly watched by investors, between $600 million and $630 million.
No plan to exit India or merge, Uber top executive Andrew Macdonald has a route mapMacdonald manages the $62-billion tech company’s mobility segments like cab hailing globally and is counted among the handful of top executives at Uber reporting to its chief Dara Khosrowshahi.
Uber turns cash flow positive for the first timeUber reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services.
Uber lobbied, used 'stealth' tech to block scrutiny: reportThe International Consortium of Investigative Journalists, a nonprofit network of investigative reporters, scoured internal Uber texts, emails, invoices and other documents to deliver what it called "an unprecedented look into the ways Uber defied taxi laws and upended workers' rights.''
Uber CEO says 'zero truth' to report claiming it explored India business saleThe report, which was published by news wire Bloomberg on Thursday morning, said the American ride-hailing company explored various options for its Indian ride-hailing business, including a sale, but suspended discussions after tech startup valuations cratered.
Lyft to slow hiring, assess budget cutsLyft said no employee layoffs are planned and added it would grant special stock options to eligible employees.
Uber seals taxi deal to expand its business in ItalyUnder the agreement with IT Taxi, over 12,000 taxi drivers in Italy will have access to the Uber platform. It will make the app available in over 80 new cities and grow Uber's existing business in big cities such as Rome, Milan, Turin and Bologna.
Uber announces new features for business travellers, party eventsThe services are available in the US and will be available in the coming weeks in Canada.
Tech titans curb hiring in a 'challenging macro environment'Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble, and people returning to pre-Covid lifestyles.
Uber to focus on daily bus services, partnerships for next 100 million users“We are investing a lot on technology for safe driving, efficient routing, issuance of monthly ticketing and verification of tickets from India for easier scalability globally,” Manikandan Thangarathnam, senior director at Uber, told ET.
Uber to cut costs, focus on unit economics, CEO Dara Khosrowshahi tells staffUber will cut marketing and incentive spending and treat hiring as a "privilege" to meet the shift in economic attitude, Khosrowshahi said.
In India, you have to play the long game: Uber chief Dara KhosrowshahiKhosrowshahi was speaking to Rishi Jaitly, the founding CEO of Times Bridge, an investment arm of the Times Group, at the virtual i3 Summit, which brings together Indian and global business leaders to talk about the domestic market’s complexity, opportunities and challenges.
Uber looks to sell Didi, other non-strategic stakes: CEOSpeaking at a virtual fireside chat with a UBS analyst, Dara Khosrowshahi said many of the companies Uber has a stake in have recently gone public and are still subject to a lock-up period.
Uber makes first operating profit as driver shortage easesThe California-based company reported Ebitda of $8 million for the quarter ended September 30. That compared to a loss on the same basis of $625 million a year ago.
Uber CTO Sukumar Rathnam steps down after less than a year on the jobAn Uber spokesperson did not specify the reason for CTO Sukumar Rathnam's departure but Business Insider reported earlier that he had been increasingly at odds with Chief Product Officer Sundeep Jain.
India rides business 'adversely affected' by second Covid-19 wave, says Uber chiefUber CFO Nelson Chai said the growth in the US and other international markets would offset the headwinds being faced in India and Brazil.
Uber drivers are entitled to workers' rights, rules UK's Supreme CourtUber insisted that the drivers were self-employed since they choose their own hours and place of work, and often find passengers through rival apps. The complainants can now ask an employment tribunal for compensation, and it could trigger further-reaching changes affecting all ride-hailing drivers.
View: Gig workers are employees. Start treating them that wayIn the wake of a California ballot proposition passed in November and a rule just released by the Trump administration, it appears that the erosion of labor protections is advancing aggressively.
Uber, Lyft spend big, win in California vote about driversThe titans of the so-called gig economy bankrolled the most expensive ballot measure in state history, which was decided Tuesday with 58% of more than 11 million voters choosing to keep drivers classified as independent contractors able to set their own hours.
Uber investors are pressuring CEO to revamp the self-driving divisionWhen Khosrowshahi assumed Uber’s helm from ousted founder Travis Kalanick in 2017, he inherited a mess of cultural, strategic and financial problems.
US charges former Uber security chief in hack cover-upHe faces a maximum sentence of eight years in prison if convicted of charges of obstructing justice and concealing a felony crime.
Uber CEO threatens shutdown in California over labour lawMany regular drivers are hoping to secure the same health and unemployment benefits afforded to other workers in the state.
Uber’s Ex-CTO reflects on a rift with Travis Kalanick and how to fix autonomous carsPham’s willing embrace of unemployment sets him far apart from the 6,700 former colleagues who lost their jobs last month. He gave notice a week before the first of two large rounds of job cuts eliminated about a quarter of Uber’s workforce.
Uber lays off 600 staff as Covid-19 hits ride-hailing businessAll employees will receive a minimum of 10 weeks payout, medical insurance coverage for the next six months, outplacement support, be allowed to retain their laptops and given the option to join the Uber talent directory.
Uber’s job cuts, office closures reflect narrower ambitionsUber, which for years burned cash in exchange for user growth, had also faced challenges even before coronavirus hit. Its food delivery operations, a bright spot in terms of adoption, loses money, and other bets like autonomous vehicles and air taxis have yet to be proven.
Uber cuts 3,000 jobs as virus slashes payroll by 25%The ride-hailing giant will be closing or consolidating 45 offices globally, and almost all departments will be affected by layoffs. The company is closing its Incubator and AI Labs and will pursue strategic alternatives for its job recruiting app, Uber Works, Khosrowshahi said.
Uber’s CEO, a seasoned dealmaker, pursues his biggest one yetIn the negotiations, Grubhub had been seeking a ratio of 2.15 Uber shares for each one of Grubhub’s, a person familiar with the talks said. The companies are now discussing a deal valuing Grubhub stock at 1.9 Uber shares.
Uber to require face masks for drivers, ridersUber drivers in the United States, Canada, India and most of Europe and Latin America will not be allowed online if they are not wearing a face cover, the company said.
Uber restarts in green, orange zonesAreas designated as Green and orange zones, where the spread of Covid-19 infections is under control, account for more than 80% of India’s 733 districts, Uber said.
Uber, posting first-ever decline in rides, says worst is overDuring the past week, Uber has embarked on a blitz of cost-trimming moves. Uber said it will end food delivery operations in more than a half-dozen countries and that its Middle East unit Careem will terminate 31% of employees.
Uber leads $170 million investment in bike-sharing startup LimeThe two firms previously had an agreement allowing users to find and rent bikes and scooters with either of the applications.
Uber is reducing workforce by 14% and signals more cuts to comeUber instituted a hiring freeze in March, withdrew its financial forecast and wrote down some $2 billion worth of investments in April and said Monday it would shutter food delivery operations in seven countries.
Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salaryUber and rival Lyft have already withdrawn their full-year financial outlooks as demand for app-based rides dropped sharply across the world after governments imposed stay-at-home orders to curb the transmission of the coronavirus.
Uber CTO steps down as company reportedly weighs job cutsEarlier this month the company withdrew its financial forecast for 2020 and said it would write down about $2 billion in investments impaired by Covid-19.
Uber offers discounted trips to 2.5 million UK health and care workersUber said 1.2 million National Health Service (NHS) staff and 1.3 million social care workers in Britain would receive a 25% discount on trips, funded by Uber, after linking their NHS email address to an account, or by their care home registering.
Uber loses $1.1 billion investing in food delivery, driverless carsThe ride-hailing giant lost $1.1 billion in the fourth quarter of 2019, about 24% more than the same time last year. The loss amounted to 64 cents per share, which was slightly better than what analysts were expecting. Analysts polled by FactSet predicted Uber would lose $1.18 billion, or 67 cents per share, during the quarter.
Uber forecasts first-ever quarterly profit by end of yearUber is trying to more closely connect its various services and increase usage among the more than 100 million customers who open the app each month. The company is investing in electric bicycle and scooter rentals and experimenting with helicopter rides and temporary staffing.
Consolidation was always on the menu, says Uber CEO Dara KhosrowshahiKhosrowshahi added that the deal allows the San Francisco-based headquartered firm to deploy capital in other large markets.
Uber analysts say India food unit sale ends ‘dark chapter’The deal was a “smart, strategic” move and “shows strong execution on the part of Uber management, who has said repeatedly that unless Uber is 1 or 2 in a given market, or on a clear trajectory to get there, it would exit that market.”
One of Uber’s most powerful women leaves to start a VC fundJust 12% of startup investment firms in the U.S. have women in decision-making roles with the power to write checks.
Travis Kalanick is exiting his Uber holdings very quicklyA new California law is giving gig-economy workers the right to a minimum wage. Uber also faces problems related to sexual assault and a fatal roadside incident involving a self-driving car in Arizona.
Uber’s London ban marks global backlash for ride-hailing giantsFor Uber, the loss of its license in London puts one of its biggest markets outside of the U.S at risk. The regulator found unlicensed users pretending to be Uber drivers and faking their identities in at least 14,000 trips.
Uber’s Europe business is at risk after London revokes licenseUber’s rapid growth in London, where it says it has 3.5 million regular users, was seen as a success story for the company’s expansion outside the U.S. since it started service in 2012. But the city has since become a battleground with the world’s largest startup clashing with local regulators and the iconic black cab industry.
Uber is recording some riders’ trips, raising privacy worriesThe increased surveillance of rides at Uber coincides with a spike in demand from U.S. and Canadian regulators and law enforcement officials for companies to share their customers’ information.
Uber's Chief Product Officer Manik Gupta to step down in DecemberManik Gupta joined the shared mobility provider company from Google in 2015 as a senior director of the maps and marketplace product team. He was elevated to Chief Product Officer in November 2018. In the post, Gupta said he was still bullish about Uber’s long term vision and would be "strongly cheering for team Uber from the sidelines."
Uber's Dara Khosrowshahi backtracks after calling Khashoggi death a 'mistake'The remarks came during a discussion about Uber’s relationship with Saudi Arabia, which is the ride-hailing car company's fifth-largest investor.
UberEats India devours firm's global numbersUber's total revenue rose nearly 30% to $3.81 billion, while net loss widened to $1.16 billion in the quarter ended September 30, the company said in a statement.
Ola and Uber look beyond cab hailing to drive growthBoth mobility platforms are expected to bank on bike taxis and rentals to shore up ride numbers.
East meets west: Uber CEO Dara Khosrowshahi slays in Nehru jacket, balances traditional with western attireThe traditional Nehru jacket was Khosrowshahi’s weapon of choice during his recent trip to India.
Uber’s CEO vows to tackle those losses, with help from IndiaKhosrowshahi says Uber will continue to invest there, and is confident his team can build products that fit not just the Indian market but could also be exported to growth regions of the next decade from the Middle East to Africa.
Uber Technologies will not dial down on its food delivery service-Uber Eats in IndiaEarlier this month, ET reported that Uber’s food delivery service has seen a significant churn in leadership, with two top executives — India chief Bhavik Rathod and head of central operations, Deepak Reddy — resigning.
Dara Khosrowshahi flags off Delhi metro ride on Uber, says in for long haul“India is a fundamental part of Uber’s growth going forward. It is a very important market for us, a a top-10 market for us. We will continue to invest here. Profitability metrics across our business here are improving,” Dara Khosrowshahi said.
Uber lays off 350 people, under 10% based in IndiaThese terminations will impact all of Uber’s businesses in the country, including uberEats
India is now home to Uber’s businesses in the countryBooming food delivery business is making global majors rework India ops. While Uber is bringing its India arm HQ into the country, Amazon will launch private food brands
Big tech regulation shouldn’t sweep up startups, Uber CEO saysTough regulation could stifle innovation and block the next wave of significant technology companies from even existing in the first place, Khosrowshahi said.
Uber cuts 400 jobs globally, 20-25 in IndiaAt the end of the first quarter, Uber reported having 24,494 workers worldwide, with more that 1,200 of them in marketing.
Cycling startup Peloton confidentially files for US IPOIt raised $550 million in a funding round last year led by venture capital firm TCV that valued that company at $4.15 billion.
Hail no more! Ola, Uber’s ride growth slows to a crawlNumber of daily rides was up by just 4% in past 6 months. That means more wait time and higher fares.
When former CEO Kalanick's trial-and-error approach led to success of Uber EatsUber is banking on its Eats vertical to increase the company’s valuation.
View | Lesson for unicorns: Don’t wait too long to launch IPO like UberUber has learned only in recent days that market isn’t as enamored with it as it believed.
IPO debacle: Uber blame game focuses on Morgan StanleyWhy did bankers suggest a $120 billion valuation last year that Uber couldn’t deliver?
Uber's hype dissolves and IPO joins ranks of Wall Street flopsUber’s losses last year totaled $3.04 billion on an operating basis, with revenue of $11.3 billion. Its total operating losses over the past three years were more than $10 billion.
Uber slips below $70 billion value, marring a big year for IPOsUber shares debuted at $42, well below the IPO price of $45.
How much is an idea worth? In Uber’s case, $3.7 billionDara Khosrowshahi is determined to convince investors that Uber is a different company today—a diversified business that’s ethically run and capable of someday turning a profit.
Who's getting richer from Uber’s massive IPO?There are dozens of other significant investors who have stakes less than 5%, the cut-off that requires public disclosure.
Not all work: Uber CEO Dara Khosrowshahi finally defied his Twitter bio and took out some time to playKhosrowshahi recently carved out some time to play Gloomhaven and tweeted pictures of it.
Here’s the Uber investor letter that forced Travis Kalanick outThe document was among a series of files that were unsealed Monday as part of a lawsuit over autonomous-vehicle trade secrets brought by Alphabet Inc.’s Waymo.
Uber open to outside investment for self-driving unitUber is competing with Alphabet Inc.’s Waymo, Tesla Inc., and the world’s traditional auto manufacturers and startups, in the race to develop self-driving vehicles.
Product chief says Uber’s future tech is made in India“This year, we’re going to double our investment in Bengaluru and Hyderabad when it comes to headcount, especially in engineering,” Uber’s chief product officer Manik Gupta told ET.
Uber CEO and Alphabet invest in urban farming startupBowery is part of a new crop of agriculture technology startups growing leafy greens in controlled environments near cities.
Uber India drives off with $1.6 billion in bookingsIndia is Uber’s only major market in Asia after it sold its operations in China, Russia and eight other countries across Southeast Asia.
Uber India bookings touch $1.6 billion, 11% of global rides: reportIndia is Uber's only major market in Asia after it sold its operations in China, Russia and eight other countries across South East Asia.
Uber revenue slows as quarterly loss surges to $1.1 billionUber Technologies Inc. lost $1.07 billion in the quarter ended Sept. 30, an improvement over a year ago, but the loss widened 20 percent from the second quarter.
DisclaimerThe content of this page has been aggregated from multiple websites. Some information can change over the passage of time.
BACK TO TOP