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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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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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