Uber launches pan-India startup initiative in partnership with govt

An uber driver using the app

Uber, the world’s most valuable start-up, said on Thursday that it had launched a pan-India start-up challenge, UberPITCH in partnership with the ministry of commerce and industry—an initiative through which shortlisted entrepreneurs will get the opportunity to meet investors and make a pitch.

“We will keep ourselves engaged in India, (for instance) through smart city partnerships, encouraging entrepreneurs and start-ups…we recently launched UberSHAAN (an initiative to skill one million drivers by 2018), we still think these are our early days in India and we’ll see how our initiatives are panning out (in India),” said Rachel Whetstone, senior vice president, policy and communications, Uber.

Last year in July, Uber had signed a memorandum of understanding (MoU) with the government of Telangana to create jobs and entrepreneurship opportunities and foster research into smart city initiatives and make investments in the state.

In January 2016, at the inauguration of the Startup India Initiative, Travis Kalanick, co-founder Uber, launched the start-up mentorship programme UberEXCHANGE, in partnership with Invest India, the investment promotion and facilitation agency of the Indian government.

UberEXCHANGE, a series of six workshops led by senior executives of Uber, spanned over 12 months; the fifth workshop was held on Thursday to mentor women entrepreneurs.

The workshop was led by Whetstone in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organization.

“I was struck by the range of problems these women are trying solve and how each one had a plan to scale up internationally,” said Whetstone in an interview. She spoke with 10 women entrepreneurs during the workshop.

UberPITCH will debut in India over two days on 18 and 19 November and will give an opportunity to selected entrepreneurs to pitch their ideas to venture capitalists and investors in 28 cities where Uber is currently operational.

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This article was first published on Livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.