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RIDEHAILING APP
Toing: Swiggy launches new app for affordable food optionsA quick look at Swiggy’s new app shows items such as burgers, sandwiches, fries, rolls, shakes and coffee on offer, among other snacks and ...- Cowed by Chinese regulators, Didi plans to delist from New York months after debutDidi pushed ahead with its $4.4 billion U.S. initial public offering despite being asked to suspend it while a review of the company's data...
- Uber may lease 700k sq ft office space in BengaluruNew facility will see the aggregator consolidate and expand its operations.
- Ola Electric gets $250m funding from SoftBankWith 22-24% stake, Japanese conglomerate becomes single largest investor in the EV unit.
- Ola cuts investment in Foodpanda, to narrow focus on cloud kitchen private labelsAs deep-pocketed rivals corner pie, firm plans to make its private label brands the pivot of growth
- Dockless bike firm Vogo set for a spin with Ola, Kalaari FundsInvestors are looking at new bylanes for growth as they scout for a new Unicorn ride in Startupland.
- Speed bump: Uber, Ola face sharp slowdown in growth of rides in 2018Growth in daily rides declines to 20% on average in 2018, from 57% in 2017 & 90% in 2016.
- Ola gets more backers on board to race ahead, Sachin Bansal may pick stakeRide-hailing company raises $50 m from two new Chinese investors at $3.7-4.3 b valuation.
- Ola acquires public transport ticketing and commuting app RidlrThe deal marks Ola's expansion as a broader transportation company as it gets into public transport as well. The deal is primarily a stock ...
- Tencent leads in Gaana’s $115 million funding roundTencent is the majority shareholder in Tencent Music Entertainment, China’s largest music streaming business, and also operates JOOX, a lea...
- Ma & Son may team up to Grab a $1.5 billion investment rideThe Ma investment, which may come from either Alibaba Group Holding or payments affiliate Ant Financial, would bring his competition with a...
- Jolt for Ola, Uber as banks decide to stop disbursing loans to driversBankers who spoke to ET believe the defaults are higher among drivers on Ola as they accept more payment by cash compared with those drivin...
- Food delivery space to get hotter with UberEATS set to enter IndiaCab aggregator gets on the road to partner with restaurants; looking to hire staff to create network for on-demand food delivery
- RNT Capital, Falcon Edge Capital set to invest $100 mn in OlaRNT Capital is expected to lead the round with an investment of $60 mn with the rest coming from New York-based hedge fund Falcon Edge Capi...
- Coverfox partners with Uber, looks to double revenue in a yearCoverfox will provide assistance in insurance policy purchases and facilitate car insurance solutions for Uber’s driver partners.
- 10 per cent markup by Valic gives Flipkart reason to cheerUS fund Valic has marked up the valuation of its Flipkart shares by 10 per cent to $108.04 each for the May-ended quarter, compared with $9...
- Infibeam's Sachin Dalal to head Rakuten in IndiaSachin Dalal, cofounder of BSE-listed ecommerce firm Infibeam, will spearhead Japanese ecommerce giant Rakuten’s thrust into Indian shores.
- Ola, Uber seek licence as government seizes 300 cabsThe app firms are required to pay a security deposit of Rs 1 lakh for a fleet of up to 1,000 taxis, Rs 2.5 lakh for up to 10,000 taxis and ...
- Google's Waze exploring tie-ups with local startups for stronger foray in IndiaWaze is planning a stronger foray in India and is exploring tie-ups and partnerships with local startup poster boys such as Ola and Flipkar...
- Uber’s quest to win over China faces WeChat hurdleWeChat has become an important promotional tool for companies trying to reach affluent Chinese.
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