Ride-sharing service Uber is one of the most well-funded startups ever with a value of $41.2 billion. It’s war chest will come in handy as it does battle with local governments around the world.
New Delhi’s Transport Department has banned Uber after one of its drivers was accused of raping a passenger, challenging Uber CEO Travis Kalanick’s ambitions to expand in developing countries. The driver, Shiv Kumar Yadav is suspected of driving a woman in her late 20s from Delhi to a seculed spot Friday night and assaulting her. A subsequent physical examination showed signs of a “fierce sexual assault and rape,” the New York Times reports.
Uber did not carry out background checks on Yadav, register his residential address, nor register his vehicle as a cab or install a GPS in the vehicle, which is required for commercial taxis, New Delhi police said. “We will do everything, I…
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