Latest news with #UdishaSrivastav
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Business Standard
6 days ago
- Business
- Business Standard
Uber Reserve sees 200% rise in bookings; airport drop-offs primary use case
Uber Reserve rides jump across cities with airport travel emerging as the dominant use case; bookings also spike during festivals, weddings, and long weekends Udisha Srivastav Listen to This Article Ride-hailing platform Uber has witnessed a nearly 200 per cent year-on-year growth in its pre-scheduled ride option, Uber Reserve, according to a statement released by the company on Thursday. The service recorded a rise across Indian cities, with Delhi, Bangalore, Mumbai, Hyderabad and Chennai leading in usage. In addition, nearly one in four airport drop-offs now happen via Reserve. The airport drop-off segment emerged as the primary use case for Uber Reserve last year, with as much as 40 per cent of overall trips ending at an airport. "Beyond the airport use case, spikes in Reserve bookings were observed during
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Business Standard
6 days ago
- Business
- Business Standard
Funding in climate-tech startups cools but VCs signal a greener future
Funding in India's climate-tech startups fell from $2.4 billion in 2022 to $1.5 billion in 2024, with capital needs, scale issues and slow adoption posing key challenges Udisha Srivastav New Delhi Listen to This Article As the world observes Environment Day on June 5 with fresh calls for climate action, India's climate-tech startup sector tells a different story — funding has plunged from $2.4 billion in 2022 to just $1.5 billion in 2024. The overall startup funding amount, which stood at $5.01 billion (127 companies) in the first five months of 2024, reduced to $2.79 billion (60 companies) in the corresponding period this year. While the slowdown can be partly attributed to the funding winter, venture capitalists (VCs) point out several challenges in the climate-tech ecosystem, ranging from a long gestation period to high capital
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Business Standard
21-05-2025
- Business
- Business Standard
CCPA issues notice to Uber over unethical 'advance tip' feature
Consumer Affairs Minister Prahlad Joshi says tipping must be voluntary and post-service; Uber's advance tip feature nudges users to pay before ride begins Udisha Srivastav New Delhi The Central Consumer Protection Authority (CCPA) on Wednesday issued a notice to ride-hailing platform Uber seeking an explanation over its 'advance tip' feature, Union Minister for Consumer Affairs Prahlad Joshi said in a post on X. The minister referred to the feature as unethical and exploitative, stating that such actions fall under unfair trade practices. Stating that tipping is a voluntary gesture offered after the service rather than a pre-service expectation, the minister wrote: 'The practice of 'advance tip' is deeply concerning. Forcing or nudging users to pay a tip in advance, for faster service, is unethical and exploitative. Such actions fall under unfair trade practices. Tip is given as a token of appreciation, not as a matter of right, after the service.' The 'advance tip' feature nudges users to pay an additional amount prior to the journey for faster ride confirmations and pickups. The minister added that he had earlier directed the concerned authority to look into the issue. 'Taking cognisance of this, I had asked CCPA to look into it, and today, CCPA has issued a notice to Uber in this regard, seeking explanation from the platform,' he said. Uber did not immediately respond to queries sent via email. This is not the first time a notice has been sent to Uber by the consumer protection authority. In January this year, the CCPA issued notices to cab aggregators Uber and Ola for allegedly charging different rates to consumers for identical routes based on their mobile phone operating systems. Both platforms, however, denied the allegation, stating that they follow a uniform pricing policy and do not differentiate between consumers using iPhones or Android phones.
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Business Standard
13-05-2025
- Business
- Business Standard
Summer Shopping: 43% of Flipkart Minutes users in 25-35 age group
Bangalore, followed by Delhi and Mumbai, records the highest summer shopping activity Udisha Srivastav New Delhi Listen to This Article Flipkart Minutes, the quick commerce (qcom) arm of Walmart-owned e-commerce giant Flipkart, is witnessing strong traction among individuals within the age group of 25–35 years, as they make up over 43 per cent of the platform's customer base, the platform's Vice-President Kanchan Mishra said. Minutes is also seeing a seasonal spike in demand, with Bengaluru leading summer shopping activity, followed closely by Delhi and Mumbai, she added. This is the first time that Flipkart is sharing data on Flipkart Minutes.
