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Uber CEO Travis Kalanick Takes Indefinite Leave Of Absence

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Travis Kalanick, co-founder, and CEO of the global car transportation company Uber has decided to take a leave of absence from the company. Uber in recent times has gone through loads of problems from sexual harassment claims to senior executives leaving the company.

Travis Kalanick recently lost his mother in a boating accident and his father was seriously injured. Kalanick in a letter addressing the employees said he would be taking a leave of absence from work in order to grieve his mother’s death and clear his head to better lead Uber in the future.

In the letter, he also said how he has dedicated eight years of his life to Uber and is proud of what they have achieved together. But the recent times have shown him that Uber needs to change in order to better serve the people and grow as a company. He said that to work on Uber 2.0, he first needs to work on Travis 2.0 to become a leader the company deserves.

In the past few months, Uber has been under investigation by former US Attorney Eric Holder on their workplace culture, ethics and leadership troubles along with sexual harassment complaints. The recommendation from the investigation was released earlier this week. The recommendations include reducing the authority of Kalanick, instituting more controls over spending and mandatory leadership training among others.

Uber’s board met on Sunday to discuss the recommendations and voted to accept all the recommendations put forward by Eric Holder. In his absence from Uber, the leadership team will handle the day to day issues while Kalanick will be consulted for the most strategic decisions.

Imploring his employees to do their life’s work in service to their mission, Kalanick indicated that he does not know how long he will be gone from Uber. Travis Kalanick previous remarked that he had to fundamentally change as a leader and grow up. This move has left Uber without a CEO, CFO, COO, CMO or a president.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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