Singapore regulator raises concern on Grab plan to buy Trans-cabThe commission said in a statement that it was unable to conclude at the end of its first phase of review of the proposed acquisition that ...
Travel scams you need to beware ofTravelling abroad has both its pros and cons. It is an experience that allows you to explore new cultures, meet new people, and create memo...
Grab to buy Singapore's third-largest taxi company Trans-CabThe acquisition would include a combined taxi and private-hire-vehicle fleet of more than 2,500 vehicles owned by Trans-Cab, they said.
SoftBank-backed Grab said to weigh US IPO via SPAC mergerGrab Holdings is in talks to go public through a merger with an SPAC controlled by Altimeter Capital Management that could value the SoftBa...
SoftBank grabs a ticket to ride, Uber's stranded and is India next?Having already relinquished China to Didi Chuxing, giving up on Southeast Asia would be a precursor for Uber to perhaps losing India and Ja...
VE Commercial Vehicles partners KPIT for EV buses forayThe technology will be adapted on the 9-metre long bus. It will have a capability to regenerate 36% energy, which will lead to less than 0....
After China, Uber exits Russia but books a ride with Yandex TaxiThe Russia deal is Uber's second retreat from a major market after exiting China last year, losing over $2 billion in its battle with Chine...
SoftBank to invest up to Rs 2,000 crore in OlaThe final size of the round is yet to be determined. Ola is looking to raise about $500 million in the financing round, which could go up t...
Uber merging China operations with Ola investor Didi Chuxing in a $35 billion dealUber will reportedly continue to operate its own app in China for now. Uber declined to comment on this to the publication.
Ola investor Didi Kuaidi close to raising $2 billion at $25 billion valuation: ReportDidi Kuaidi is an investor in India's largest taxi aggregator Ola and both of them have a common investor in form of SoftBank.
Uber, Alipay enter into global partnership; targets growth in China, IndiaInterestingly, Alipay's parent company Alibaba Group Holding owns a stake in Uber rival Didi Kuadi. Didi Kuadi is also an investor in Uber'...
Two senior executives end their ride with OlaPradeep Dodle, head of cabs category management has quit the company while Harsha Kumar, associate vice president of products is serving he...
Uber’s India arm makes profit in first two years of operationThe company, which provides marketing and support services to Uber, posted a net profit of Rs 3.2 crore on income of Rs 69 crore in the yea...
Ola, Didi Kuaidi, Lyft, GrabTaxi enter into a partnership to counter Uber’s reach“This will be a win for the diversity and vitality of the global ridesharing industry,” said Cheng Wei, CEO of Didi Kuaidi.
Bike ride-hailing app Baxi raises Rs 10 crore in fundingBike ride-hailing app Baxi has raised Rs 10 crore in funding from a number of high-profile investors, making this one of the largest seed r...
App-based cabs Ola, Uber need government stampWith easy accessibility and competitive fares, taxis are gaining ground as driving in traffic and then looking for parking space make Delhi...
Olacabs to buy TaxiForSure to take on competitors like Uber; deal likely at Rs 1,250 croreAccording to three people directly involved in the negotiations, Olacabs, backed by Japan's SoftBank, will pay cash and offer stock.