Uber Drivers In Hyderabad Stage One-Day Hunger Strike

Drivers of the SF-based company are protesting the denial of promised incentives and business by the management. The cab operators’ union claims drivers were assured earnings of Rs 70,000 a month but are earning close to Rs 15,000 a month. Uber said only 0.5% of its drivers weren’t earning well enough.

Uber’s China Unit Closes $1 Billion Fund Raising Round: Reuters

The company is looking to take on Tencent-backed Didi Kuaidi in the Chinese market. Investors in Uber’s China unit include Hillhouse Capital, Baidu, China CITIC Bank Corp, China Life Insurance Co and insurance company Ping. Uber values its China unit at $7 billion and plans to list the unit by 2020.

Uber Partners With Airtel To Offer Riders Free In-Car WiFi

Uber riders will now enjoy free in-car WiFi, powered by Airtel’s 4G networks and will also be able to pay for trips with Airtel Money. The partnership makes Airtel Uber’s official telecom partner across India. The scheme will kick off in Mumbai this Saturday, and will roll out pan-India soon.

Tata Opportunity Fund Invests In Uber

The funding will be used to globally invest across all markets and to experiment with new innovations. TOF will not be taking a board seat in Uber. Interestingly, Ratan Tata has made a personal investment in Ola.

Calling All Entrepreneurs! Uber Is Giving You A Chance To Pitch Your Idea To A VC

Indian entrepreneurs will get a chance to pitch their business idea to a VC via UberPITCH. The activity is coming to New Delhi, Mumbai and Pune on August 12 and Bangalore on August 13. Users can request for UberPITCH from within the Uber app and if their request is accepted a car with a VC in it will arrive at their doorstep. You’ll get 15 minutes to pitch your business proposition to the VC.

Now Pay For Your Uber Ride With A Debit Card In India

The company is accepting debit card payments in India after reintroducing credit card payments mid-last month. The feature will go online across 18 cities in India, with the procedure for adding and paying via a debit card being similar to that of paying via a credit card. Uber has adhered to the RBI’s mandatory 2-factor authentication requirement by partnering with MobiKwik to power payments.