Uber&nbsp;co-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, the New York Times reported on Wednesday.

Kalanick&#39;s exit came under major pressure from Uber&#39;s investors. The New York Times called it a &quot;shareholder revolt&quot;.

Kalanick started the ride-sharing app that has been launched in countries all around the world, but has been beset by&nbsp;numerous scandals.

Uber was not immediately available to comment outside regular US&nbsp;working hours, Reuters reports.

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Five major investors reportedly demanded he resign immediately, and he did

Uber co-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, the New York Times reported on Wednesday. Kalanick's exit came under major pressure from Uber's investors. The New York Times called it a "shareholder revolt". Kalanick started the ride-sharing app that has been launched in countries all around the world, but has been beset by numerous scandals. Uber was not immediately available to comment outside regular US working hours, Reuters reports.

Uber CEO Travis Kalanick resigns under shareholder pressure: NYT

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