For Uber, 2018 was about fixing the mess and the year of ‘hell’ it went through in 2017. With new CEO Dara Khosrowshahi firmly in the driver's seat, the San-Francisco based ride-hailing giant took some bold decisions. It shut down one of its most ambitious projects to date - self-driving cars - and announced plans for Uber Air. It also confidentially filed for an IPO around the same time as rival Lyft earlier this month.
What stood out this year for Uber in India Dara visiting the country for the first time. In a span of three days, he spoke about what lies ahead for the San-Francisco based giant. While the confidence that goes with a top office in the Valley was definitely present, the former CEO of Expedia also brought stability to the table. Among the key meetings during this India visit, was a driver’s roundtable.
Uber has a strong presence in over 80 countries, and according to Harvard Business Review (HBR), is still sitting on a massive cash pile from its last financing round. HBR calls it one of the most valued unicorns in the history of business. Today, Uber is valued between $68 billion and $72 billion.
YourStory presents a timeline of Uber’s journey in India and globally in 2018.