Uber has grown at a astonishing pace to be worth $50 billion within 6 years of its inception, but its rise has been against fearsome odds, the most prominent of which has been the resistance of traditional taxi drivers whose services they have tried to disrupt. From the US to France to India, taxi unions have attempted to thwart the cab hailing company’s rise, with mixed results.
The Tatas is clearly betting big on the cab-hailing market. After Ratan Tata announced an investment in Ola last month, Tata Capital today announced it had made a “significant investment” into Uber. This move ensures that the company has a finger in all pies in the super-competitive cab hailing market in India.
Uber is riding high on valuation (nearly $50 billion). From a San Francisco based startup to one of the hottest companies in Silicon Valley – Uber came a long way.
And along the company’s success, Travis Kalanick, the co-founder and CEO of Uber, made it to the Forbes list of billionaires. But it was not just his entrepreneuring skills that worked for the company’s success. The man has a now-not-so-secret passion.
Large tech companies can’t seem to get enough of Hyderabad. After Google and Amazon announced plans to set up their largest non-US campuses here, it’s now the turn of Uber to start calling Hyderabad its home. The company on Monday announced plans to invest $ 50 million to build a state-of-the-art office in the city.
It’s not uncommon for people to turn to the internet for advice in choosing jobs. An engineer from the US, who had job offers from Quora and Zenefits, did exactly that. He posted a thread entitled “What is the best way to start my career: Uber or Zenefits?” on Quora, a popular discussion forum. Things did not quite go as planned when the CEO of Zenefits happened to come across his post and publicly withdrew his job offer.