Live Updates: COVID-19 Cases
  • World 13,742,525
    Confirmed: 13,742,525
    Active: 4,962,573
    Recovered: 8,191,951
    Death: 588,001
  • USA 3,619,663
    Confirmed: 3,619,663
    Active: 1,832,765
    Recovered: 1,646,698
    Death: 140,200
  • Brazil 1,972,072
    Confirmed: 1,972,072
    Active: 529,729
    Recovered: 1,366,775
    Death: 75,568
  • India 979,719
    Confirmed: 979,719
    Active: 335,425
    Recovered: 619,193
    Death: 25,101
  • Russia 752,797
    Confirmed: 752,797
    Active: 209,168
    Recovered: 531,692
    Death: 11,937
  • Peru 337,724
    Confirmed: 337,724
    Active: 98,907
    Recovered: 226,400
    Death: 12,417
  • Chile 321,205
    Confirmed: 321,205
    Active: 21,934
    Recovered: 292,085
    Death: 7,186
  • Mexico 317,635
    Confirmed: 317,635
    Active: 81,600
    Recovered: 199,129
    Death: 36,906
  • South Africa 311,049
    South Africa
    Confirmed: 311,049
    Active: 145,903
    Recovered: 160,693
    Death: 4,453
  • Spain 304,574
    Confirmed: 304,574
    Active: 276,161
    Recovered: ?
    Death: 28,413
  • UK 291,911
    Confirmed: 291,911
    Active: 246,858
    Recovered: ?
    Death: 45,053
  • Iran 267,061
    Confirmed: 267,061
    Active: 22,845
    Recovered: 230,608
    Death: 13,608
  • Pakistan 257,914
    Confirmed: 257,914
    Active: 73,751
    Recovered: 178,737
    Death: 5,426
  • Italy 243,506
    Confirmed: 243,506
    Active: 12,493
    Recovered: 196,016
    Death: 34,997
  • Saudi Arabia 243,238
    Saudi Arabia
    Confirmed: 243,238
    Active: 53,246
    Recovered: 187,622
    Death: 2,370
  • Turkey 215,940
    Confirmed: 215,940
    Active: 12,788
    Recovered: 197,733
    Death: 5,419
  • Germany 201,281
    Confirmed: 201,281
    Active: 5,733
    Recovered: 186,400
    Death: 9,148
  • Bangladesh 196,323
    Confirmed: 196,323
    Active: 86,864
    Recovered: 106,963
    Death: 2,496
  • France 173,304
    Confirmed: 173,304
    Active: 64,364
    Recovered: 78,820
    Death: 30,120
  • Canada 108,829
    Confirmed: 108,829
    Active: 27,534
    Recovered: 72,485
    Death: 8,810
  • China 83,612
    Confirmed: 83,612
    Active: 259
    Recovered: 78,719
    Death: 4,634
  • Netherlands 51,351
    Confirmed: 51,351
    Active: 45,214
    Recovered: ?
    Death: 6,137
  • S. Korea 13,612
    S. Korea
    Confirmed: 13,612
    Active: 925
    Recovered: 12,396
    Death: 291
  • Australia 10,810
    Confirmed: 10,810
    Active: 2,662
    Recovered: 8,035
    Death: 113
  • New Zealand 1,548
    New Zealand
    Confirmed: 1,548
    Active: 27
    Recovered: 1,499
    Death: 22

Uber CEO Dara Khosrowshahi openly challenges their competitors in India

Author at TechGenyz Insights
Uber Investment Indian Market
Dara Khosrowshahi, the CEO of Uber, is in India now. It was in the August of 2017 when Khosrowshahi overtook the company from Travis Kalanick. Today while talking about his investments in India, he accepted their motive to be quite aggressive against their India based rival Ola. When asked about the reports about the collaboration between the two companies, he hysterically said, “it is fun to speculate about” these things. Both Uber and Ola are trying to get the top spot in the Indian market. Both of them have suffered driver protests, government oppositions, incumbent taxi services raising concerns over loss of business, as well. Their ‘environment-friendly ride-sharing’ feature, on the other hand, has turned out to be quite a game changer. It has received huge appreciation from every section of the society. Both Uber and Ola have lost billions of dollars over the last four years, says Business Standard. Most of it is believed to be caused by subsidizing rides for customers and paying incentives to drivers. Uber has used its global advantage and compensated the loss from their profits made in other countries. Ola, whereas, is solely dependent on the equity capital provided by their investors, Softbank and Tiger Global. Softbank has invested in Uber as well. The fact that Softbank is a common investor in both firms, gave birth to the aforementioned rumors of the two companies collaborating. There were some reports saying that a major stake in Uber could see its India unit being sold off to Ola. Khosrowshahi has told ET Now, “I think we’re going to be quite aggressive in India as far as investment goes. One of the great structural advantages that we have at Uber is that we have many profit pools. Those profit pools in the mature markets in the US and Europe, allow us to actually lean into some of the developing markets”. The CEO, putting an end to all such speculations, said,
My focus is on our quality of operations and our teams, that’s why I’m here. I’m here to meet with our teams, ministers, etc, to understand the market, and at this point I’m not really focused on M&A, although it’s certainly fun to speculate about. - Khosrowshahi
At this moment, both Uber and Ola are looking forward to expanding their service from offering just cab-hailing services to providing auto rickshaws, motorcycles, and bicycles. Ola has already succeeded to quite an extent but Uber has only managed to add the auto rides. While expressing his desire to make Uber more like a transportation company instead of a mere app for booking cabs, he said
I want to run the bus systems for a city. I want you to be able to take an Uber and get into the subway… get out and have an Uber waiting for you. - Khosrowshahi
We Are Hiring