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Abraham's appointment as Sequoia Capital India's chief legal officer comes at a time when the company is embroiled in a legal tussle with its former general counsel, Sandeep Kapoor.
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Uber co-founder has been snapping up local rivals as part of a push to quietly build new empire
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The likes of Travis Kalanick, Adam Neumann and Elon Musk don’t look back, even if it is to consider the consequences of the actions they have initiated
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One day after a massive exposé revealed Uber’s illegal tactics, Mark MacGann, a former top lobbyist for the cab hailing giant, came forward to identify himself as the source of the leak.
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As ‘Super Pumped: The Battle for Uber’ gets ready for release on February 27, Joseph Gordon-Levitt, who plays Uber co-founder Travis Kalanick, shares his views on the controversial CEO.
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Rebel Foods owns several popular brands such as Behrouz Biryani, Oven Story, Faasos, The Good Bowl and Sweet Truth
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The San Francisco-based firm lost $1.07 billion for the three months ending Sept. 30, a 20 percent increase from the previous quarter but down 27 percent from a year ago, when the company posted its biggest publicly reported quarterly loss on the heels of the departure of Uber co-founder and former Chief Executive Travis Kalanick.
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The overarching theme of the new fund, pronounced "ten-one-hundred", will be to invest in real estate, ecommerce and emerging innovation in China and India, Kalanick said in a tweet.
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The overarching theme of the new fund, pronounced "ten-one-hundred", will be to invest in real estate, ecommerce and emerging innovation in China and India, Kalanick said in a tweet.
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Kalanick, who resigned as CEO last summer following controversy, would sell his shares as part of a tender offer between SoftBank and Uber that will value the company at $48 billion.
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Venture capital firm Benchmark, an early investor with a board seat in the ride-services company, and Kalanick have reached an agreement over terms of the SoftBank investment, which could be worth up to $10 billion, according to two people familiar with the matter.
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The proposal adopted by Uber's board also promised to put an end to in-fighting between Kalanick supporters and investors who suspected the co-founder was plotting a wily return to the head of the company.
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The premier service will have the best-rated Uber drivers, who have completed at least 1,000 lifetime trips and have repeatedly been acknowledged by riders, the company said.
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Khosrowshahi emerged as the leader among three finalists for the job during company board meetings over the weekend, the Times reported yesterday, citing two people familiar with the decision.
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Other candidates in the fray include former Yahoo CEO Marissa Mayer, Thomas Staggs, an ex-COO at Disney, and Susan Wojcicki, who leads YouTube.
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The company claims to have partnered with over 300 restaurants from where users can order food through the UberEATS app in the National Capital Region.
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The law firm O'Melveny & Myers LLP, which is in the early stages of the probe, was hired by the ride service after employees gave contradictory accounts of how Uber obtained the medical records, one of the people said.
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Younger startups could refrain from calling themselves - an Uber of xyz, a connotation very popular among companies trying to aggregate local businesses.
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Moneycontrol brings to you a tale of 3 resignation letters that shook the startup world over the years
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In a statement on Wednesday Kalanick said that he loved Uber more than anything in the world and it was a difficult moment in his personal life
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Uber founder Travis Kalanick has reportedly stepped down as the Chief Executive Officer of the taxi aggregator, after investors stepped up pressure seeking his immediate resignation
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Kalanick's exit came under pressure from Uber's investors, who were seeking his exit, the paper reported citing people with knowledge of the situation.
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Ola and Uber were left with 3,80,000 vehicles associated with them in the March quarter, from the peak of five lakh vehicles in December quarter, a sharp drop of 24 percent, a report by Redseer said.
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Kalanick, under fire for crass behaviour and fostering a culture of sexism and rule-breaking, in early March announced he was searching for a COO to help run the ride-services company. But in the months since, Uber has suffered a string of controversies and embarrassing setbacks and the job has remained unfilled - part of a leadership vacuum that extends through the company and up to the board of directors.
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The report said that the Uber board should evaluate the extent to which some of the responsibilities that Kalanick has historically possessed ‘should be shared or given outright to other members’
