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Uber to invest $500 million in India this year

By June, ride-hailing app Uber is planning to invest $500 million in India to take over its rival Ola. Uber will use the cash to invest in government collaborations, business partnerships, strengthen its driver supply initiatives, marketing and expansion. Just...

Uber accuses Ola of making false bookings

Taxi aggregator Uber has filed a case against its rival Ola. In a petition filed in the Delhi High Court, Uber has accused Ola of making false bookings on its platform by setting up fake rider accounts, misleading its...

Snapdeal in talks with Uber to integrate its API

Snapdeal is in talks with Uber to integrate its API on the Snapdeal platform. The tie-up between both the companies will allow consumers to book Uber cab through Snapdeal's app. Apart from this, over the past 12 months, Snapdeal has...

Ola, Uber cabs to use Google maps

Tech giant Google on Wednesday said it has partnered cab hailing apps Uber and Ola to allow users in India to check if a taxi is available in the vicinity using the Google Maps app. "When you search for directions using...

Ola shuts down grocery and food delivery service

Marking a mail to its customers, taxi-hailing firm has announced that it is shutting down its grocery and food delivery service. Ola had launched Ola Store and Ola Cafe just a year ago in Bengaluru, Hyderabad and NCR. The email...

Uber to invest Rs 120 crore in Haryana ops

Taxi-hailing app Uber on Wednesday signed a pact with the Haryana government, wherein it will invest Rs 120 crore in technology based ride-sharing services. The memorandum of understanding (MoU) was signed at the Happening Haryana Global Investors Summit 2016. Under...

TPG Growth to invest in consumer Internet start-ups

TPG Growth is planning to invest in Indian consumer Internet start-ups. TPG Growth was the early backer of ride-sharing app Uber and home rental service Airbnb. The company will also partner with venture capital funds to invest in these...
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Former HUL CEO Mehta teams up with PE fund L Catterton for India-focused JV

Mehta will serve as the executive chairman of India for the vehicle from 4 April onwardsMumbai: Former Hindustan Unilever...
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