by admin | May 25, 2021 | Muslim World
Riyadh, (IINA) – The Saudi Arabian Public Investment Fund (PIF), the Kingdom’s long-term sovereign investment arm, announced Thursday that it invested $3.5 billion in Uber, SPA reported.
The investment is one of PIF’s single largest international transactions to date, and it is the first since the Kingdom announced its Vision 2030, the overarching plan for diversifying the Kingdom’s economy. As part of this investment, PIF will take a seat on Uber’s Board of Directors.
Travis Kalanick, CEO and co-founder of Uber said: “We appreciate the vote of confidence in our business as we continue to expand our global presence”.
“Our experience in Saudi Arabia is a great example of how Uber can benefit riders, drivers, and cities. We appreciate the vote of confidence in our business and look forward to partnering with the Kingdom to support their economic and social reforms”, he added.
Uber currently serves nine countries and 15 cities across the Middle East and North Africa. In Saudi Arabia, Uber serves Riyadh, Jeddah, Makkah, Madinah, and the Eastern Province.
Uber is a technology platform that is evolving the way the world moves. By seamlessly connecting riders to drivers through its apps, Uber makes cities more accessible, opening up more possibilities for riders and more business for drivers. From its founding in 2009 to its launches in more than 400 cities today, Uber’s rapidly expanding global presence continues to bring people and their cities closer.
by admin | May 25, 2021 | Business
Bengaluru,:(IANS) Taxi aggregator Ola announce it has publicly released its Application Programme Interface (API) to major mobile applications and individual developers to integrate Ola’s offerings onto their platforms.
“The public release of our API to developers is a giant leap in collaborative technology. With this step, we would open up access to many more millions of users from our partners,” said Ola co-founder and CTO Ankit Bhati on Saturday.
API is a set of instructions which enables interaction between two platforms. With this collaboration, Ola’s partner brands Samsung, InMobi, MakeMyTrip, Helpchat and others can offer Ola’s services right from their apps.
“For example, with the API integration, MakeMyTrip offers a customer to book an Ola cab to an airport after he books a flight right on MakeMyTrip app. The customer can book the cab right from MakeMyTrip app without the need to necessarily open the Ola app,” said Ola’s director, marketing communications, Anand Subramanian.
The new technology collaboration allows customers to access ride availability, estimation, booking and tracking and also empowering partner apps to complete the service experience to users with Ola, he added.
Already, many other leading mobile apps and technology companies are working on syncing their apps with Ola’s API. The integration will also be expanded to include Ola Money in the future.
Founded by IIT – Bombay alumni Bhavish Aggarwal and Ankit Bhati in January, 2011, Ola operates in over 100 Indian cities.
