ride-hailing

Uber Aims To Raise $10 Billion Via IPO
Uber Aims To Raise $10 Billion Via IPO
April 10, 2019  |  IPO

Uber, the ride-hailing app that is eyeing an initial public offering in May, is looking to raise $10 billion via the offering. The Financial Times,...

READ MORE >
Grab Gearing Up To Raise $2B More This Year
Grab Gearing Up To Raise $2B More This Year
April 08, 2019  |  Investments

Grab, the Southeast Asia ride-hailing company, is gearing up to raise an additional $2 billion in funding during 2019 to bankroll its expansion. Reuters, citing...

READ MORE >
Iran Ridesharing Co Snapp Completes 2M Rides A Day
Iran Ridesharing Co Snapp Completes 2M Rides A Day
April 02, 2019  |  Ridesharing

Snapp, the Uber of Iran, has hit a milestone by hitting two million fares a day in the country, according to a report by Bloomberg....

READ MORE >
Lyft’s Slide Warns Of IPO Wild Rides
Lyft’s Slide Warns Of IPO Wild Rides
April 01, 2019  |  Investments

What goes up must come down. The converse is true, too, but the slide in Lyft shares, on merely its second day of trading, shows...

READ MORE >
Lyft Shares Fall Below IPO Price In Second Day Of Trading
Lyft Shares Fall Below IPO Price In Second Day Of Trading
April 01, 2019  |  Investments

Lyft, the ride-hailing startup that made its debut as a publicly traded company late last week, saw shares slump in Monday (April 1) trading. Shares...

READ MORE >
Grab Talks To Ant, PayPal About Spinning Out FinTech Unit
Grab Talks To Ant, PayPal About Spinning Out FinTech Unit
March 29, 2019  |  Fintech Investments

Grab, the ride-hailing startup, is in discussions with Ant Financial, the payment affiliate of Alibaba and PayPal, about spinning out Grab Financial Group. According to...

READ MORE >
Tencent, Alibaba Team To Create $1.45B Car-Sharing Service
Tencent, Alibaba Team To Create $1.45B Car-Sharing Service
March 27, 2019  |  Partnerships / Acquisitions

Another startup has appeared to challenge Didi in China, and this one has backing by some of the biggest financial names in the industry. TechCrunch...

READ MORE >
Lyft To Price Shares Higher Than Originally Planned
Lyft To Price Shares Higher Than Originally Planned
March 27, 2019  |  IPO

Lyft, the ride-hailing startup that is gearing up for an initial public offering later this week, will reportedly price shares higher than the initial range...

READ MORE >
Daimler To Sell 50 Pct Stake In Smart Division To China’s Geely
Daimler To Sell 50 Pct Stake In Smart Division To China’s Geely
March 27, 2019  |  Investments

Ahead of the Shanghai Auto Show, Daimler is reportedly coming close to a deal to sell a stake in its small car division Smart to Geely...

READ MORE >