SoftBank reportedly preps a package to take control of WeWork parent company

SoftBank Group, the multi-billion dollar Japanese technology conglomerate and investment firm, has put together a  bid that would save WeWork parent company We Co., just weeks before the co-working real estate company’s imminent collapse, The Wall Street Journal reports. With the collapse of the company’s planned initial public offering, We Co. is facing a cash […]

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Uber to acquire grocery delivery startup Cornershop

Uber will acquire Cornershop, a grocery delivery startup that began life serving the Latin American market and recently shifted to offer service in Toronto, its first North American city. Uber announced on Friday that it expects that its acquisition of a majority ownership stake in Cornershop in early 2020, once it receives all the necessary […]

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Uber’s newest feature alerts drivers that pets will be joining the ride

Uber is piloting a new feature that lets U.S. riders alert drivers that a pet will be coming along, the latest effort from the company to appeal to a broader audience and become to the one-stop shop for transportation, meals and other services. The feature called Uber Pet will be available beginning October 16 in […]

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MaxAB raises $6M seed round to optimize Egypt’s B2B grocery markets

Cairo based startup MaxAB looks to optimize the supply-chain network for Egypt’s food and grocery retailers. The B2B e-commerce company raised a $6.2 million seed-investment co-led by Beco Capital and 4DX Ventures. Others to join the round were 500 Startups, Endure Capital, and Outlierz Ventures. Founded in 2018, MaxAB has built a digital platform to […]

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Uber gets temporary two-month license reprieve in London

London’s transport regulator, TfL, has given Uber a temporary reprieve to continue operating in the UK capital. The ride-hailing giant’s current (provisional) licence expires tomorrow but there’s no return to normality for Uber in its most important European city — with TfL issuing just a two-month extension on its private hire vehicle licence — not […]

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Uber commits $200 million to Uber Freight expansion in bet on trucking and Chicago

Uber Freight is establishing its headquarters in Chicago as part of Uber’s broader plan to invest more than $200 million annually in the region, including hiring hundreds of workers. Uber said Monday it will hire 2,000 new employees in the region over the next three years, most of which will be dedicated to Uber Freight […]

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Uber has surveyed some drivers on small loans, suggesting financial products are coming

Back in June Uber went on a hiring spree in New York, hiring at least 100 fintech-oriented tech workers to ostensibly look at creating products to increase loyalty and engagement among users and drivers, including things like banking. Cue a flurry of speculation. It now looks like Uber is taking baby-steps towards building such a […]

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SoftBank-backed Getaround is raising $200M at a $1.5B+ valuation

And the next car-sharing unicorn is…

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Didi Chuxing to launch self-driving rides in Shanghai and expand them beyond China by 2021

Didi Chuxing will begin picking up ride-hailing passengers with self-driving cars in Shanghai in just a few months, according to company CTO Zhang Bo (via Reuters). The plan is to roll out autonomous pick-ups in Shanghai first, starting in one district of the city, and then expand the program from there – finally culminating in […]

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