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Delhi Metro Partners Uber for Last-mile Connectivity: Report

Upon selecting the public transport feature, riders will be able to see the fastest and cheapest routes, real-time schedules, as well as departure time for public transportation, including Metro and buses and walking directions, to and from nearby Metro stations and bus stops

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Uber, bengaluru
Photo shows an exterior view of the headquarters of Uber in San Francisco. (VOA)

Hiring a cab from a Metro station in Delhi is set to become a lot more easier as ride hailing major Uber on Tuesday announced it has won a competitive bid to expand its operations across 210 Delhi Metro stations.

Under the partnership to improve first and last-mile connectivity for users, Delhi Metro Rail Corporation (DMRC) will provide Uber dedicated pick up and drop points.

Talking to reporters, DMRC Managing Director Mangu Singh said that a pilot is being run at about four stations and the facility will eventually be made available in 210 of 274 Metro stations.

“Research has shown that integrating on-demand services with public transport is beneficial for riders,” Singh said at an even which saw Uber launching its “public transport” service in Delhi, making it the ninth city globally and first in Asia to have such a feature.

“This new initiative integrating public transport with mobility operators like Uber will certainly boost first and last mile connectivity solutions for around six million passenger journeys performed in the system daily,” Singh said.

“DMRC has partnered with on-demand mobility operators like Uber to enhance their commuting experience with seamless last mile connectivity,” he said.

Uber app.

Uber said it launched the “public transport” journey planning feature for Uber riders across New Delhi to make travel easier with the information riders need to make the smartest possible journey choices.

“We want to be the operating system of your everyday life. We want to replace your car with your phone,” Uber CEO Dara Khosrowshahi told reporters here.

“India is core to Uber’s growth strategy for the next 5-10 years,” he added.

Riders will see “Public Transport” as an option alongside UberGo, Premier and Pool after opening the Uber app and entering a destination.

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Upon selecting the public transport feature, riders will be able to see the fastest and cheapest routes, real-time schedules, as well as departure time for public transportation, including Metro and buses and walking directions, to and from nearby Metro stations and bus stops.

“By launching Public Transport, live transit information about the city’s heartline, the Delhi Metro and the DTC, will be available in the Uber app, thereby helping us fulfill some of the important responsibilities that come with being a good partner to this great global city,” said Pradeep Parameswaran, President, Uber India and South Asia. (IANS)

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Can Become Profitable by the End of 2020: Uber

Uber advances profitability target to end of 2020

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Uber
Uber which posted a net loss of $1.1 billion in the fourth quarter of 2019 said it can become profitable by the end of 2020, much earlier than expected. Pixabay

Ride-hailing major Uber which posted a net loss of $1.1 billion in the fourth quarter of 2019 said it can become profitable by the end of 2020, much earlier than expected.

“Our progress in 2019 and our 2020 plans gives me the confidence to challenge our teams to accelerate our EBITDA profitability target from full year 2021 to Q4 2020,” Uber CEO Dara Khosrowshahi said in an earnings call with investors on Thursday.

“It’s important to emphasize that we plan to achieve this profitably target assuming only modest improvements in the current competitive environment and without the assumption of any significant changes to our current portfolio businesses,” Khosrowshahi added.

Uber
Uber said that a more disciplined capital environment will be favourable for the business going forward. Pixabay

Uber has attracted more customers towards its ride-hailing service as well as Uber Eats, resulting in a 37 per cent increase in revenue (year-over-year) that hit $4.1 billion in the fourth-quarter of 2019.

Gross Bookings grew $4 billion (year-over-year) to $18.1 billion, representing 28 per cent growth — with Rides and Eats growing 20 per cent and 73 per cent year-over-year, respectively, the company said in a statement on Thursday.

The ride hailing giant said that a more disciplined capital environment will be favourable for the business going forward.

“We’re making proactive changes to achieve significant cost leverage for both Rides and Eats through a focused operating playbook including improve machine learning algos and further automation and targeting of our incentive and online marketing spend, stronger tracking and focus for our offline marketing campaigns,” the CEO said.

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Khosrowshahi said the divestiture of the Eats business in India and its exit from South Korea demonstrated the company’s strategic discipline.

Uber last month divested its Eats business as Zomato acquired its food delivery business in India for nearly Rs 2,500 crore. (IANS)