Showing posts with label OLA CABS. Show all posts
Showing posts with label OLA CABS. Show all posts

Thursday, January 9, 2020

PIN-verification to RideCheck: Uber India announces new safety features


Uber will also be experimenting with audio recording as a safety feature in the Indian market this year.


Business Standard : Uber announced the launch of new safety features for the India market on Thursday.

The first one, RideCheck, will enable the company to note trip irregularities such as long or unexpected stops or midway drops that might indicate an increased safety risk, especially for women.

If an anomaly is detected, Uber will send a push notification to both driver and rider, through the safety blue shield within the app. They will then see five or six options to clarify on the situation, such as share location, call 100, reach out to the Uber safety line and so on,” said Sachin Kansal, it senior director for global safety products.

The company says the feature is now live for about half of Uber's users and will be available for the other half within two weeks. Riders have complained of not being able to get help or being stranded on roads due to a cab breakdown and so on. This feature could address some of these.

Uber will also be experimenting with audio recording as a safety feature in the Indian market this year. This choice will be given to rider or driver through their phone while on-trip. When the trip ends, the user has the option to report a safety incident and send the recording. The audio file will be recorded within the Uber app and encrypted. The user will not be able to listen to the stored recording on his or her device but may choose to send it to Uber’s customer support agents, who will use the audio to understand what did happen and take action. Only Uber will have access to the audio once the user sends it.
It is a feature we tested in the Latin America market. We want to make sure we keep local regulation in mind before we pilot it in India,” Kansal said.

Final word is awaited on the Personal Data Protection Bill. Once made into law, this will decide the privacy and personal data protections people would have in cases like these. The third feature is similar to the PIN-verification used by rival firm Ola. Once a rider boards a vehicle, they may provide a four-digit PIN number to the driver, verbally. The driver can then start the trip in the app only when the correct PIN is entered.

We are also working on making this happen wirelessly — once a user is in close enough proximity with the driver, the PIN number can get entered automatically,” said Kansal.

Friday, March 8, 2019

Hitching a ride: Hyundai may invest $250-300 million for 4% stake in Ola


The deal, if it goes through, would be part of Ola's ongoing fund-raising round where it is looking to raise $400-500 million at a $6-billion valuation.


In what could be one of the first major investments by an auto company in a ride-hailing firm, Korean auto giant Hyundai is reportedly in talks with Ola to pick up a four per cent stake in the firm for $250-300 million.

The deal, if it goes through, would be part of Ola's ongoing fund-raising round where the Bengaluru-based company is looking to raise $400-500 million at a $6-billion valuation. The deal would also help Hyundai increase its fleet of vehicles operating in the country.


The auto firm had in November invested $250 million in Singaporean ride-hailing company Grab. It appears that Hyundai along with other auto firms such as Mahindra and Mahindra, Ford and Toyota is betting on ride-hailing firms such as Ola, Uber and Lyft to increase sales.

According to data released by SIAM on Friday, domestic passenger vehicle sales declined 1.11 per cent to 272,284 units in February from 275,346 units in the same month the previous year.

Ola's previous tie-ups
In January, Flipkart co-founder Sachin Bansal also invested Rs 150 crore in Ola as part of the first tranche of the total Rs 650 crore-investment.

The ongoing Series J funding round is primarily subscribed by London-based investor Steadview Capital. Prior to Bansal's investment, Steadview Capital had invested Rs 520 crore in Ola.