San franciso based cabs and taxi startup Uber has confirmed their investment of $100 million from an equity firm Tata Opportunities Fund. In June, Uber said that they raised $1B from Chinese Investment Management to make different investments in India, in order to accomplish their aim of 1 million rides a day. “Right now, we’re […]
Microsoft To Sell A Part Of Bing’s Mapping Assets; Uber To Absorb Around 100 Engineers
Microsoft has decided to not to collect any more map data and thus, have decided to sell a part of it’s mapping assets to Uber, considering it to be a suitable buyer. No doubt this clearly indicates that Uber is in serious plans to build a mapping service of it’s own, a plan which was […]
Uber To Raise $1 Billion To Make China It’s Largest Market
Taxi on demand online services Uber is reportedly raising $1 Billion in order to make China it’s largest market. Uber currently operated 11 cities in China and takes over a million trips across the nation, as reported by TechCrunch. However, getting into the Chinese market won’t be such an easy task for Uber because Didi Kuaidi […]