Photo by Jakub Porzycki/NurPhoto via Getty Images
Uber announced that it was teaming up with delivery startup Gopuff to expand its delivery business. Gopuff, which acquired liquor store chain BevMo last year, will make its inventory of convenience and grocery store items available to Uber as part of this new deal. The companies plan to roll out their new offerings to customers in 95 cities starting this June and nationwide later in the year.
Gopuff will handle the logistics and delivery of the items, with Uber taking a cut of the transaction through its app. Gopuff, which was founded in 2013, operates in 650 cities in the US, with over 250 “micro-fulfillment centers.”
Uber is slowly transforming into a delivery company
The news follows months of Uber slowly transforming into a...
Many companies provide Uber clone app scripts.But, only a few of them deliver an app that satisfies the business requirements properly.Uber Like App is one such company that will analyze the market and build a feature-rich app for an on-demand plumbing business.
Uber is set to go public on the New York Stock Exchange on Friday morning with an initial-public-offering price of $45 a share, at the lower end of its range.It's the biggest tech IPO since Facebook in 2012, even in a year of hot tech startups going public.The ride-hailing giant is likely to maintain that record through 2019, even though a bunch of hot tech companies are expected to go public this year, including Slack, Zoom, and Pinterest.Read more: Uber chose the worst possible week to have its IPO, and the bad timing will cost it billionsThe company is still best known for its core service: You open the Uber app and summon a driver to get you quickly and comparatively cheaply to your destination.It's also dabbling in driverless and even flying cars.
Any taxi app development, in the majority of cases, involves building an app like Uber, doesn’t it?The company became a real success by reflecting existing user behavior regarding efficient and economical transportation.By the end of 2018, the Uber company had earned more than $10 billion in revenue and was rated the second most disruptive innovation company worldwide, overtaken only by SpaceX.Unsurprisingly, Uber is the best taxi app on a global scale and is present in 600 cities across 65 countries.Even with competition from other similar taxi booking apps, the company is still the dominant player within the ridesharing market.Among other Uber clone scripts are Lyft, Curb, Easy Taxi, Gett, Summon, Flywheel, Grab (for Southeast Asia), DiDi (for Brazil, Mexico, Asian countries) and many others.
Lyft filed IPO documents with the Securities and Exchange Commission Friday, beating its main rival Uber in the race to become the first app-based ride-hail company to go public.This new growth comes from new riders and drivers, as well as more frequent rides from existing users.For the quarter ended December 31, 2018, Lyft says it had 18.6 million “Active Riders” and over 1.1 million drivers.Lyft has been aggressively courting riders by heavily discounting its fares in the run-up to its IPO, according to recent reports.This comes at enormous cost to the company, and these documents provide the first glimpse of Lyft’s rapidly-growing-but-ultimately money-losing business.“We have established a scaled network of drivers and riders, or users, brought together by our robust technology platform that powers millions of rides and connections every day.”
Talk to anyone in tech who’s excited about the next generation of wireless service for long enough, and there’s a good chance they’ll bring up Uber.The ride-hailing app and its ilk seem to be the go-to example of a massive market that wouldn’t have been technically possible without the connection speeds brought on by the last shift in wireless technology—the jump to 4G in the late aughts—and one that nobody necessarily saw coming.Now, with 5G networks set to finally become a reality this year, a question on the minds of a lot of people at last week’s Consumer Electronics Show in Las Vegas was: What will be the Uber of 5G?That is, what types of game-changing business models will be enabled by near-instantaneous connection speeds of which we may not even be able to conceive right now?“I can guarantee you coming into 2020 CES, we’re probably going to find the new use cases that everyone’s been talking about or people discovering the new use cases this year because they’re testing it out.There’s things that we just don’t know yet,” said Anette Gaven, marketing director at Inseego (formerly Novatel Wireless), which is making the router and hotspot units for Verizon’s 5G networks.
Uber is the first app based taxi service providing company in the whole world.Even the criticism is made by the mistake of Uber; all were made because of the drivers that join Uber for earning money.Still, critics do not stop anyone to achieve their goals.Your business will require some good strategies that will mould it in better shape.• Partnership with Other BrandsAfter the success of Uber's taxi services, the company show interest in other on demand services like food delivery. https://uberant.com/article/468213-uber-like-taxi-business/
Uber has brought a craze with their ride app solution.And they have invested like crazy to develop such an app!Why?You get Amateur designs- You can easily distinguish between the free app maker’s UI/UX and an expert product.You lack customization- Ultra-customization is what you lack with these systems.And then you don’t get the ultimate sophistication to app designs.An app with no support – Uber has done it with smoother user interaction, rare errors and a great marketing!That is definitely not possible with ‘free software available all over the internet.The first thing you need to know about developing an Uber clone app is that you actually have to build two slightly different apps, which would be connected to your admin portal: one for the passengers and one for the drivers.So before you jump into Uber clone app development you must partner with a trusted mobile app development company having great portfolios and ‘proven’ expertise in providing a taxi app solution!You can always check some of the popular portfolios below:Innoride – the car ride app – A multi-platform cab booking app.RydeZone – The ride app that cares – Built to keep women safer everywhere!Rescue Bus- Emergency Bus servic – A complete bus solution for keeping up in emergencyNow the big question- if you want to build an Uber clone app, how much will it cost?Well, the more, the functionality you add, the more you will be charged.
Uber IPO valued at $120 billion making it worth more than Ford and General MotorsIn a year that has produced several tech IPOs, ride-sharing companies like Uber and Lyft have grown in terms of size and services but both have remained private.The figure comes from proposals provided to Uber last month by investment banks Goldman Sachs and Morgan Stanley.The San Francisco-based company has the incentive to go public by the end of 2019, per an agreement with SoftBank Group.Dara Khosrowshahi, who in August 2017 replaced co-founder Travis Kalanick as the company's CEO, has not been secretive about the company's plans to go public before 2020.In September, he said the company was on pace to go public in the second half of 2019, but that there was "no guarantee."
Jeff Holden, former Chief Product Officer at Uber.Uber Chief Product Officer Jeff Holden, the head of the company's flying car initiative, is leaving the company.His departure comes just weeks after he was a keynote speaker at Uber's futuristic transportation conference.Holden has worked at Uber for four years.Uber Chief Product Officer Jeff Holden, the exec behind the Uber Elevate flying car initiative, is leaving the company.The news was first reported by the Wall Street Journal, and confirmed to Business Insider by a person familiar with the company's operations.
Why has San Francisco’s startup scene generated so many hugely valuable companies over the past decade?The most valuable San Francisco companies to arise in the era of the smartphone have a number of shared traits, including a willingness and ability to post massive, sustained losses; high-powered investors; and a preponderance of easy-to-explain business models.But if you’ve got those ingredients, following the principles below might provide a good shot at unicorn status.Even Airbnb, whose model of taking a share of homestay revenues sounds like an easy recipe for returns, took nine years to post its first annual profit.Salesforce, with a market cap of $88 billion, has posted losses for the vast majority of its operating history.What’s also noteworthy is the propensity of so many city startups to wreak havoc on existing, profitable industries without generating big profits themselves.
Not only for large companies, but especially for startups.In the beginning of the life of a company every employee sits in the same room as you, the founder.Everyone sees how they are lived.If you grow from a small company with less than 10 employees into one with more than 50 or even more than 500 employees, the leadership team does not see every employee anymore.And you also don´t see how your team leaders are leading their employees.But it’s up to you to define its nature and check if it’s aligned with your company goals to double up on power and speed.
Grab’s plan to shutter Uber’s app quickly following its merger deal in Southeast Asia has hit another snag in Singapore where the ride-hailing firm has been forced to delay closing its rival’s service until May 7.This new May 7 date is also down to the CCCS probe, with the commission issuing an ‘Interim Measures Directions’ (IMD) to Grab in order to “ensure that the market remains open and contestable.”Those directives — which Grab said it has had a hand in formulating — include measures that prevent Grab from taking Uber’s operational data on customers and their trip history, prevent lock-in and exclusivity options for drivers that join Grab or move over from Uber’s Lion City Rental entity, and end any exclusive deals Grab has with Singapore taxi firms.In both extensions, Grab is the one footing the bill for the continued operation of Uber since the U.S. firm has already exited these markets, in terms of funding and staffing, Uber’s head of operations for Asia Pacific has said.The CCCS previously said that it has “reasonable grounds” to suspect that the Grab-Uber deal may fall foul of section 54 of Singapore’s Competition Act.The Philippine Competition Commission is still looking into the and there’s no word on whether it will follow the CCCS’ lead and force Grab to keep the Uber app open for a longer period.
It has been two weeks since Grab and Uber revealed their game-changing merger, which will see the US firm exit the ultra-competitive Southeast Asian market in return for a 27.5 percent stake in its local counterpart.In Singapore, the CCCS agreed to this extended timeframe to consider the two firms’ proposed alternative measures, then further pushed back the date to May 7.It also imposed interim measures that compel Grab and Uber to maintain their respective pre-transaction pricing and product options as well as to refrain from exchanging confidential information with one another while the investigation proceeds.In situations where the parties don’t do this, “the implication is that the CCCS would have to fall back on its other statutory powers of investigation and enforcement to look into potential breaches of competition law,” explains Bryan Tan, a partner at Pinsent Masons MPillay.Data-sharing issues have also been flagged by the CCCS.The fact that several watchdogs in the region are now examining the deal indicates they have reasonable grounds to suspect it may be in breach of anti-competition rules.
We interviewed the founders and CEOs of 20 of the fastest growing startups in Europe.There’s a particularly aggressive competition going on and no clear ruler has emerged yet.Even Uber, that certainly is the most famous company in this sector, is far from monopolistic control.It suffered from a defeat in China and there have been rumors that it explored the possibility of selling its southeast Asian branch.As known, the many battle-hardened competitors of this business are focusing their efforts not just on better service and lower fares for their passengers but also on the development of fully autonomous car, the Holy Grail of ride-hailing.Founded in 2011, Cabify has been a Tech5 finalist for Spain in 2017, 2015, and 2014, and now it’s worth almost € 1,5 billion.
On Thursday, Uber CEO Dara Khosrowshahi announced that the ride-sharing company will roll out a number of new safety features to protect both riders and drivers.It’s certainly a positive and much-needed move from a company that has resisted introducing these features despite having a past pocked with sexual assault and murders.In the blog post, Khosrowshahi notes that the Uber app will soon have a panic button-like feature.Users will be able to press an emergency button within the app that will connect them with an emergency responder.Users have the ability to send their location to a 911 operator in real time.(Interestingly, in a Cosmopolitan profile of former Uber exec Frances Frei from August of last year, Frei said that the company was “working on sensors that would enhance safety.” When Gizmodo pressed Uber on the features, they claimed that it was inaccurate, and Cosmopolitan eventually issued a correction.)
THE CAR RENTAL INDUSTRY TODAYThe peer-to-peer car rental applications like Turo have made every car owner a competitor for the regular providers of this services.Anybody with a smartphone or computer connected to the internet can get a required service without the need to leave their home, go to local rental services, making calls, entering their credit card number etc.The Hertz Corporation – founded in 1918 Hertz is one of the oldest and most successful car rental businesses ever created.With almost 6 millions of unique website visitors per month and dozens of millions of downloads from Google Play and App Store, Hertz has proven themselves as an example of successful digital transformation and migrated huge part of their business to the web, which now generates a significant part of their revenue.Since the foundation in 1946 Avis has grown into the worldwide company with approximately 5,550 locations in dozens of countries.
This announcement follows Grab’s agreement to take over Uber’s Southeast Asia business last month, prompting an investigation into possible infractions of the city-state’s competition laws.Rocket builder lands US$31 million in series B round (China).Existing investors Shiji Tianhua, Guokai Ronghua, FounDream, and PGA Venture Partners also joined the round.Though LandSpace did not say how it would use the funding, its current focus is to develop a liquid oxygen and methane powered engine.The Chinese big data firm has announced the closing of its series C funding round led by an affiliate of Warburg Pincus.The Chinese startup, which sells live event tickets on its platform, has announced the completion of its series B funding with investments by SIG, Sequoia Capital, GGV Capital, and Dianping founder Zhang Tao.
The Federal Trade Commission will expand its oversight of Uber following the disclosure of its improper withholding of a 2016 security breach that exposed sensitive data for more than 25 million users.The settlement also required Uber to implement a comprehensive privacy program that protected the personal information the company collected.The 2017 agreement settled FTC charges that Uber misrepresented the level of access its employees had to user data and the steps it took to secure that data.Following reports in 2014 that Uber employees used an administrative tool internally dubbed God-view to monitor active Uber cars and customers—and sometimes observed specific users' locations for amusement—Uber promised to use a newly created system to monitor and restrict employee access to such information.Last year's FTC charges stemmed, in part, from Uber ending use of that system less than a year after it was put in place.Failure to disclose new breach
Cab-hailing company shows it takes your privacy seriouslyUber hid a data breach from the Federal Trade Commission (FTC) while it was investigating it for a data breach, the federal regulator revealed on Thursday.The ride-hailing app company reached a settlement with the FTC in August 2017 over charges that it had "deceived consumers about its privacy and data security practices."But it wasn't only consumers that were being deceived: while the FTC was looking into Uber misconduct over a 2014 data breach, the company hid another, more recent, November 2016 data breach from federal investigators.That breach – which the company publicly acknowledged one year later in November 2017 - included no less than 25 million names and email addresses, 22 million mobile phone numbers and 600,000 drivers licenses.Even more strikingly, had occurred in the exact same way as the earlier breach that the FTC was digging into: data stored on Amazon S3 cloud servers and accessed using a key that an Uber engineer had posed on GitHub.