The travel industry intelligence platform in a podcast reveal the condition of startup and venture capital funding in travel industry. Two industry experts are present in the podcast.
Tags: Uber
Uber, Mumbai Police Introduce 'Uber Breathalyser' to Regulate 'Don't Drink-and-Drive' Policy, Drinkers Book A Ride
Uber Breathalysers or also known as 'Alco Booth' are being installed in Mumbai pubs and clubs. This is a move from the Mumbai police and Uber to lessen the crime and accident rate due to drunk driving. If the drinker reached the allowable limit, Uber will book him a ride home.
Uber Spends and Losses Big on International Expansion, Challenged by Regulations and Rivalry
An official filing revealed that Uber is facing huge loss in its international operation, as the company spent big on global expansion. The main factors of the loss are regulatory obstacles and local rivalry.
Uber Launched Improved Food Delivery Service App UberEats in Los Angeles
Los Angeles is the first city in the U.S. to enjoy Uber’s new service, UberEats. Uber launched the new feature as a standalone app whereas a special, food-handling-certified driver will handle food orders and delivery from hundreds of restaurants across the city.
Alibaba, Tencent Holdings to Fund Didi Kuaidi $1 Billion
Did Kuaidi, the largest ride-hailing service in China is about to raise $1 billion the same amount that Uber spent last year for its expansion. It is going to be a tough competition for both companies since they are being backed up by other large companies such as Alibaba and Tencent Holdings Inc.
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A startup is getting ready to launch a ride-sharing app that could compete against Uber. The startup claimed that they would aim to form a better relationship with drivers and pay the drivers better with lower commission. As for now, the company is still gathering data, with the help of Uber drivers paid $25 per week to carry Juno devices while doing their job.
Uber Technologies said that it has decided to pay $28.5 million to about 25 million riders. The settlement in these cases will allow the company to work peacefully and focus on its prospective growth.
The healthcare industry has yet to see a service that could completely change the industry similar to how Uber and Airbnb change their respective industries. Industry professionals give their opinion on what could become the big game-changer for the healthcare industry.
Uber generated more revenue in 2015 than in the previous year. However, the company experience more losses in order to pursue growth.
Las Vegas city cabs have overcharged the customers by a whopping $47 million, the findings reveal. The root cause of this extortion lies in its ridiculously high $3 credit card processing fees along with a hike in fuel surcharge. Long-hauling is also an added factor in duping particularly the tourists. The auditors have slammed some pretty harsh recommendations on the Nevada Taxicab Authority which regulates all Clark County cabs.
After acquiring Lyft Inc, GM has also purchased ride hailing pioneer, Sidecar. The acquired entity has been tattering in consecutive years for ever growing competitions with rivals like Uber and Lyft. With the acquiring, GM now will be able to play a more active role in relative fields with the new two subsidiaries.
A $2 million study relieves Uber of the blame of adding to New York traffic congestion. The study basically refutes the allegations made by Mayor de Blasio, and throws up several more findings which hints at commercial car industry needing sweeping reforms.
Airbus partnered with Uber to provide on-demand helicopter rides to people using its H125 and H130 choppers.
The California Public Utilities Commission has fined Uber $7.6 million for failing to follow requirements that would protect passengers from discrimination. The company will pay the fine, but appeal the decision.
