Top Story

e4m_logo.png

Home >> Marketing >> Article

Uber raises $100 million from Tata Opportunities Fund

21-August-2015
Font Size   16
Uber raises $100 million from Tata Opportunities Fund

Uber Technologies Inc has raised up to $100 million from Tata Opportunities Fund, the Indian conglomerate, as the American international transportation network company prepares to expand in India. Globally, Tata Opportunities will invest between $75 million to $100 million in Uber, say media reports.

Late last month, Uber announced plans to invest 1 billion U.S dollar into India where it competes with local rivals like Ola, a ride-booking service that recently raised $400 million. Notably, The Company has faced a lot of flak in India as a result of the disciplinary issues but it regards India as one of its most-important markets.

The partnership with Tata follows a similar deal with Baidu, a Chinese search engine, which invested millions of dollars into Uber last year. Uber is planning a big leap in the Chinese market as well.

Uber operates in more than 330 cities in 60 countries and has it’s headquarter at San Francisco.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

The Managing Editor of Public TV gives insights about the struggle the Kannada news channel endured during its nascent stage and what led them forward to the second position that they occupy right now in what is a rather crowded marketplace

The unveiling of the Pitch Madison Advertising Report 2018 event was held on February 15, 2018. Over the years, the report has become a benchmark in the industry. Here are some pictures from the event...

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing...

Jake Dyson, Chief Engineer and Member of the Dyson board, spoke about the innovations and technology that they plan to bring to India