The latest financing will be used to expand to new cities, invest in technology and add new vendors, said a Mint report citing UrbanClap founder Abhiraj Bhal. “The new round of capital gives us the elbow room to invest in core areas of our business such as supply on-boarding at scale, training, building spares and […]
Month: July 2017
Lyft’s US market share has risen from the low 20s at the beginning of this year, to 30 per cent, measured by the number of rides. Partly this was because of an Uber consumer boycott in January — the #DeleteUber campaign, sparked by Mr Kalanick’s role on an advisory council to President Trump — and […]
This is about logistics and increasingly local customer experience. This imaginary factory is essentially the model that many “sharing economy” companies are built on, including Uber, Lyft, TaskRabbit, and Postmates. Indeed, the term “sharing economy” came into vogue as a means of describing these companies’ internet-mediated “peer-to-peer rental schemes,” as the Economist calls them. Now, […]
Deliveroo could soon be worth as much as $1.5bn – well above the $1bn that leads to tech firms being labelled unicorns – with wealthy tech investors now jostling to buy a slice of the takeaway delivery company that relies on an army of self-employed couriers. Source: Deliveroo set to become a tech ‘unicorn’ as […]