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Travis Kalanick Resigns As The CEO Of Uber

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Travis Kalanick Resigns As The CEO Of Uber,Travis Kalanick Resigns,Uber CEO Travis Kalanick Resigns,#startupstories,startup stories 2017,startup stories india,shareholder revolt,Uber workplace harassment, Uber discrimination,Uber CEO

Travis Kalanick has stepped down as the CEO of the ride hailing startup Uber. This decision comes following a ‘shareholder revolt’ led by some of Uber’s most prominent investors.

Last week Kalanick had announced that he would be taking a leave of absence from the company. But amid high pressure from investors and major scandals surrounding the company, embattled CEO had to resign the company he helped found in 2009.

According to New York Times, five of Uber’s major investors including the venture capital firm Benchmark demanded the resignation of the CEO immediately. In a letter titled “Moving Uber Forward”, the investors emphasized Uber needed a change of leadership. After hours of discussions, Kalanick agreed to step down from his position but will remain on Uber’s board and will control a majority of voting shares.

This was a harsh year for the company as they faced allegations of workplace harassment, discrimination, leadership troubles and a lawsuit claiming intellectual property theft. Senior Uber executives also obtained the medical records of a woman who was allegedly raped in a cab in India.

In a statement to the New York Times, Kalanick said he agreed with the wishes of the investors so that Uber can go back to building rather than get distracted with another fight. Kalanick turned the company into the dominant ride hailing service that it is today and revolutionized the transportation industry around the world.

Uber board members added that Kalanick had always put Uber first and his move would give the company room to embrace a new chapter. Uber’s valuation increased to a whopping $70 billion and has raised more than $11 billion since its inception in 2009. According to the letter sent to Kalanick, he will help the board led search committee to find a new and experienced chief executive for Uber.

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Apple’s iOS 18.7 vs iOS 26: Which Update Should You Choose for Your iPhone in 2025?

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StartupStories iOS 26

Apple’s recent iOS 18.7 rollout provides a secure alternative to the visually revamped iOS 26, empowering iPhone users to choose between system stability and next-generation features. While iOS 18.7 focuses on important security updates and bug fixes, it maintains the familiar iOS experience for users of older devices like iPhone XS, XS Max, XR, and SE models up to the 16e. The update is lightweight—about one-fifteenth the size of iOS 26—which means quicker downloads and less storage consumption. It’s designed for reliability and fast installation, making it ideal for users who prioritize a stable and secure operating system over design changes.

In contrast, iOS 26 introduces Apple’s ambitious “Liquid Glass” interface with a transparent look across apps, enhanced widget and lock screen customization, smarter Siri, and improved camera controls. These innovations, however, come with a larger update size and compatibility exclusive to newer iPhones beginning from the iPhone 11 series. While early adopters can enjoy the futuristic interface and AI-powered upgrades, major OS launches may present initial bugs or app compatibility issues that cautious users typically wish to avoid.

Choosing between iOS 18.7 and iOS 26 depends on each user’s priorities—those seeking guaranteed stability and fast security fixes should consider sticking with iOS 18.7, while users excited about premium features and visual changes should migrate to iOS 26 if their device supports it. Both updates are available through Software Update settings, and Apple will support iOS 18.7 for only a limited duration, eventually encouraging all users to transition to the latest platform. This dual update strategy ensures every iPhone user can safely update their device for a seamless and secure experience in 2025.

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Deep-Tech Startup EndureAir Raises INR 25 Crore from IAN Alpha Fund to Boost Drone Innovation

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EndureAir, a deep-tech drone startup specializing in UAV (Unmanned Aerial Vehicles) and aerial robotics solutions, has successfully raised INR 25 crore in a funding round led by IAN Alpha Fund, with participation from IAN Angel Fund. The fresh capital infusion will enable EndureAir to enhance its advanced drone technologies for defense applications, broaden its reach in enterprise markets, and accelerate the development of next-generation high-altitude logistics and aerial robotics platforms.

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Since its inception in 2016, Venture Catalysts has evolved from an angel network to a multi-fund powerhouse, managing over $500 million in assets and deploying nearly $200 million across more than 400 startups, including industry leaders like BharatPe, Renee Cosmetics, and InsuranceDekho. This latest funding round reinforces Venture Catalysts’ pivotal role in nurturing and scaling some of India’s most innovative startups, catalyzing growth throughout the country’s thriving entrepreneurial sector.

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