Temasek jumps into China’s bike rental startup war with investment in MoBike
 Temasek, Singapore’s state-owned investment firm, has jumped into China’s on-demand cycle war after it backed MoBike. China’s ride-sharing war is last year’s news. The big battle between Uber and Didi Chuxing is essentially over after the latter agreed to buy the former’s China-based business. The new startup drama du jour is in bikes — services that let… Read More ...
Uber begins mapping Asia’s roads, starting off in Singapore
 Uber is beginning to map roads in Asia for the first time as it aims to improve its service in the region. The company said today that it has deployed mapping cars in Singapore, the first such country in Asia, in a bid to gather information that can improve its service for both drivers and passengers. It isn’t immediately clear when the initiative will be expanded and which countries in… Read More ...
Uber rival Grab introduces private bus service in Southeast Asia
 Tis the season for new ride-sharing services, it seems. A day after Uber launched multi-trip bookings in India, its rival in Southeast Asia — Grab — has introduced private buses. “Grab Coach” is initially available in Singapore where it is aimed at large groups that would otherwise require multiple cars. There are three types of coaches: 13 seaters, 23 seaters and… Read More ...
Uber’s newest service in India lets customers book a car for multiple trips
 Uber is introducing hire cars in a new pilot program in India. That’s hire cars staffed with a driver who handles multiple journeys, not hire cars that require customers to drive themselves. The company explained that the ‘Uber Hire’ service, which will be piloted in an initial eight cities, comes in response to requests from users who wanted to keep their Uber driver for… Read More ...
Uber bows to government pressure and suspends its service in Taiwan
 Uber is suspending its service in Taiwan following an ongoing stand-off with the government. The ride-sharing firm confirmed in a blog post that its service will be “paused” from February 12. Uber isn’t saying when it will resume in the country, where it is present in four cities, but it hopes that the move will “reset the conversation” and help push through… Read More ...
Grab is investing $100M in startups to help it battle Uber in Southeast Asia
 Grab is upping its battle against Uber in Southeast Asia by announcing a flurry of new initiatives in Indonesia, the region’s largest economy and world’s fourth most populous country, which include setting aside $100 million to invest in startups. Today the company, which raised $750 million at a $3 billion valuation in September, announced what it is dubbing “Grab 4… Read More ...
Not just Uber, now Grab is also hiring government insiders to grow its business
 Southeast Asia’s Grab is taking a leaf out of the Uber playbook and bringing in a prominent insider to get ahead in its most important market. Uber popularized the approach of nabbing execs like ex-Obama advisor David Plouffe and various others, and that’s the thesis behind ride-sharing firm Grab’s latest hire: the former chief of Indonesia’s National Police.… Read More ...
Postmates takes on Drizly with alcohol delivery in 25 minutes or less
 Alcohol is one of the more perfect on-demand delivery items. However, the industry has been so fragmented for so long that it’s nearly impossible for each local liquor store to operate an efficient online purchasing program (plus delivery). Startups like Drizly and Minibar have gotten in on the game, but now Postmates is throwing its hat into the ring officially. Postmates is now… Read More ...
India’s Uber rival Ola hires a new COO
 Ola, the ride-sharing service that rivals Uber in India, has hired a new COO. Read More ...
Chinese bike-sharing startup Mobike snags strategic investment from Foxconn
 Just weeks after landing a $215 million Series D funding round, Chinese bike-sharing service Mobike has scooped up a strategic investor from prolific manufacturing firm Foxconn. Read More ...
gigrove wants to match skilled freelancers and startups with spare rooms
 Bootstrapping London-based startup gigrove is looking to carve out a niche in the collaborative consumption space as a matching platform for digital workers with itchy feet, and startups with a spare room and pressing skills need. Which is all very zeitgeisty in these digital nomad/citizen of nowhere times. Read More ...
China’s Didi looks to Latin America with $100M investment in Brazil-based Uber rival 99
 There’s much talk of Didi Chuxing’s desire to expand overseas now that it has agreed to gobble up Uber’s China business, and it just took a big step to extending its international reach via a maiden deal in South America. Read More ...
New regulations could limit Didi’s taxi on-demand service in China’s top cities
 There’s trouble in China for ride-sharing services after authorities in Beijing and Shanghai instituted new regulations that forbid people not officially registered as living in either city from working for services like Didi Chuxing or Uber. Read More ...
Uber’s Middle Eastern rival Careem raises $350M at a $1B valuation
 2016 is almost out but there’s just time to anoint one more ride-sharing unicorn. Careem, one of Uber’s lower profile rivals in emerging markets, has taken a step into the global limelight today after it announced that it has raised $350 million led by Japanese e-commerce firm Rakuten and Saudi Telecom Company (STC). Read More ...
Honda invests in Southeast Asia-based Uber rival Grab
 Southeast Asia’s Grab, a ride-sharing rival to Uber, has welcomed a new backer after Honda announced an undisclosed investment in the company today. Read More ...
Uber launches in Bangladesh to continue its emerging market push
 With a global presence that already spans more than 450 cities worldwide, it isn’t often that Uber expands into new countries, but today the U.S. ride-sharing giant drove into Bangladesh. Read More ...
Ola, Uber’s rival in India, launches an in-car entertainment platform for passengers
 Ola, Uber’s main rival in India, has launched a connected car entertainment platform for its vehicles. Read More ...
Uber rival Karhoo shuts down after blowing through a reported $250M in funding
 So much for fighting the Uber fight. Today Karhoo — a company that wanted to take on Uber by pulling together various other competing car services under a single app — announced that it is shutting down its service and looking for “the next steps for its business” after running out of money and failing to raise more. The full statement is below. It’s a pretty… Read More ...
Gigster’s crafty plan to give freelance developers equity
 Gigster is launching the Gigster Fund, comprised of $700,000 raised from Bloomberg, Felicis, and China’s CSC as LPs, plus 1% of Gigster’s own equity. Each month it will invest $50,000 cash in one of Gigster’s top clients in exchange for 1% of that company at a $5 million valuation. Gigster will also provide them with advice, connections, fundraising help, priority access to… Read More ...
Lyft tests Line memberships to help you save money
 Lyft is testing out membership passes to let passengers ride for less money in November, the company announced on its blog today. There are two types of passes: a $20 one that guarantees up to 20, $2 Line rides and a $29 one for up to 20 “free” rides. So, if you’re a power Lyft Line rider, $29 up front could save you a ton of money. If you purchase a pass, you also… Read More ...