December 29th, 2018
Alibaba-backed Hellobike which is one of the largest bike-sharing apps announced that it raised “millions of funds” in a new funding round. The company declined to reveal details on the funding amount and use of the proceeds.
The round was led by Ant Financial, the financial affiliate of Alibaba and maker behind digital wallet...
December 15th, 2018
The BMW-owned car-sharing service called ReachNow has reportedly launched a ride-hailing service in Chengdu, capital of Southwest China's Sichuan province, on Friday.
The move makes BMW the first foreign enterprise given the green light for online ride-hailing operation in China.
Aiming at the huge high-end online car-hailing...
November 17th, 2018The ride hailing major Uber has promoted Manik Gupta as the chief product officer of the company who has been the interim product lead at Uber since the departure of Daniel Graf in April this year. Prior to that, he ran Uber's marketplace and maps product teams for three years where he was responsible for creating mapping solutions and...
October 25th, 2018Ride hailing company Grab has reportedly has announced its plans to introduce virtual pre-paid debit in collaboration with Mastercard. This move is the biggest digital payment push in Southeast Asia to date.
The particular deal will witness its Grab Pay business offer Grab’s 110 million registered users the option to use a virtual...
October 5th, 2018Indonesia-based ride-hailing player called GO-JEK has been planning to appoint 200 engineers in Bengaluru. This is being done to expand the portfolio of products in food delivery, taxi-sharing, logistics and digital payments among others.
This step is being taken by the company with an aim to expand its presence across SouthEast Asia....
September 25th, 2018Dubai-based ride-hailing company Careem has acquired a part of Indian bus-shuttle service platform called Commut. The amount of the deal is yet not disclosed and with this, the company is looking to expand to mass transport across 100 cities.
Following the acquisition, Careem will take over Commut's talent and technology. Founded in...
September 10th, 2018Careem, the leading ride-hailing company in the Middle East has announced that it has started a service in Sudan, one of few international companies to enter the country since US economic sanctions were lifted last year.
Following this move, Careem has hired 10 Sudanese employees and signed up hundreds of drivers to its app to launch...
July 6th, 2018Uber Technologies is in preliminary talks with the Middle East cab service company Careem Networks for the purpose of combining their ride-hailing services in the Middle East.
Both the cab companies have discussed various considerable deal structures but have still not come to an agreement. According to the reports, current leaders of...
March 29th, 2018Several news sources are reporting that Japanese giant investor SoftBank Group is putting pressure on Indian ride-hailing company Ola to merge with American rival Uber as part of a consolidation plan in India which represent the fastest growing market for ride hailing. SoftBank is currently the largest investor in both the companies and...
