TECH NEWS

Uber invests $10M in Indian fleet operator Carrum at $168M valuation

Uber has invested $10 million in Indian fleet management startup Carrum Mobility in a Series B round as the ride-hailing giant increases its reliance on large fleet operators to supply vehicles and drivers in the South Asian nation.

The new investment values Carrum at ₹16 billion (about $168 million) post-money, founder and CEO Karan Jain told TechCrunch, up from a post-money valuation of ₹6 billion (around $63 million) after Uber invested $7 million in the firm in January. Jain said Uber now owns a stake in the “mid-teens” in Carrum.

A former McKinsey consultant who previously founded car-rental startup Revv, Jain started Carrum in 2024 after Indian automotive marketplace CarDekho acquired his earlier company in 2023. CarDekho was also Carrum’s first investor and remains a backer.

Carrum now owns about 5,100 vehicles across Bengaluru, Hyderabad, Mumbai, Pune, Delhi and Kolkata, and has onboarded more than 18,000 drivers. The startup is...

Copyright of this story solely belongs to techcrunch.com. To see the full text click HERE

https://cdn.mos.cms.futurecdn.net/295f0b7d716f1d3f3a1cdf27b8a1616e-2560-80.jpg

'We should all be worried': Microsoft president says changes to green-cards could hurt US tech

* Brad Smith hits back at Trump administration's decision to target Microsoft * Five out of six tech/science medal holders were born outside of the US * "We should all be worried," Smith says Microsoft President Brad Smith has warned that new restrictions under the Trump administration could

https://images.hothardware.com/contentimages/newsitem/71885/content/16x9_2133x1200_highres-burgerking-burger.jpg

Burger King Suffers A Whopper Of A Breach Exposing 11M Records

Burger King Japan has confirmed a major data breach exposing over 11 million user records following a hack of the fast food chain's smartphone app. The incident, affecting approximately 11.18 million app member records, occurred when nefarious actors breached the company's database management server. According

https://images.hothardware.com/contentimages/newsitem/71887/content/16x9_2133x1200_highres-power-to-the-players-act-news.jpg

Power To The Players Act Aims To Ban Digital Game Licenses Disguised As Sales

Sony’s decision to no longer support physical game disc releases on its consoles after 2027 has kicked up a hornet’s nest in the gaming community and shined a spotlight to the realities of digital game purchases. It has led to a new bill designed to bring actual ownership

Researchers say an ad platform could identify targets and install spyware through online ads, no click needed

Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust. Ads Kill: Researchers have uncovered what may be the first instance of a "zero-click" spyware attack. The malicious cyber operation is linked to an Israeli advertising organization that allegedly abused online ads

Read more

'We should all be worried': Microsoft president says changes to green-cards could hurt US tech

Burger King Suffers A Whopper Of A Breach Exposing 11M Records

Power To The Players Act Aims To Ban Digital Game Licenses Disguised As Sales

Researchers say an ad platform could identify targets and install spyware through online ads, no click needed