PYMNTS-MonitorEdge-May-2024

ride-hailing

inDrive Global Mobility Platform Raises $150M to Challenge Uber
inDrive Global Mobility Platform Raises $150M to Challenge Uber
February 20, 2023  |  Transportation

Global mobility and urban services platform inDrive has raised $150 million for its continued expansion. The firm, which was formerly known as inDriver, said in...

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Lyft Stock Decline Draws Sharp Contrast to Uber’s Broader Platform Strategy
Lyft Stock Decline Draws Sharp Contrast to Uber’s Broader Platform Strategy
February 10, 2023  |  Ridesharing

The Uber versus Lyft battle illuminates a stark reality as the pandemic recedes: The broader the platform — the more opportunity for users (and drivers)...

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Uber Sees Q4 Bookings Boost as Members Move Beyond Ride-Hailing
Uber Sees Q4 Bookings Boost as Members Move Beyond Ride-Hailing
February 08, 2023  |  Earnings

“The pandemic’s impact on our mobility business is now well and truly behind us.”  Uber CEO Dara Khosrowshahi struck a positive tone on the most recent...

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Ride Now, Pay Later Unlocks Growth in Africa’s Ride-Hailing Sector
Ride Now, Pay Later Unlocks Growth in Africa’s Ride-Hailing Sector
January 18, 2023  |  Buy Now Pay Later

A new partnership between Bolt and CredPal is bringing ride now, pay later to Nigeria. The deal between the Estonian mobility company and Lagos-based buy...

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Uber and NYC Taxi Commission Clash Over Rate Hikes
Uber and NYC Taxi Commission Clash Over Rate Hikes
December 09, 2022  |  Gig Economy

Uber and New York City’s taxi commission are clashing over the rates the firm must pay drivers.  Uber Technologies sued the New York City Taxi & Limousine...

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Mexico’s Gig Workers May Get Social Security From Uber and Delivery Apps
Mexico’s Gig Workers May Get Social Security From Uber and Delivery Apps
November 23, 2022  |  Gig Economy

Ride-hailing drivers in Mexico are potentially getting access to social security benefits if they drive for either Uber, DiDi Global or Rappi, a first for...

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Vietnamese Ride-Hailing Startup Be Group Gets $60M Loan From Deutsche Bank
Vietnamese Ride-Hailing Startup Be Group Gets $60M Loan From Deutsche Bank
September 05, 2022  |  Ridesharing

The Vietnamese startup Be Group, a rival of ride-hailer platform Grab, said it’s gotten a loan facility of $60 million, a Bloomberg report said Monday...

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Saturday Data Dive: Even the Rich Are Now Trying to Save Time and Money
Saturday Data Dive: Even the Rich Are Now Trying to Save Time and Money
August 13, 2022  |  Economy

Throughout the pandemic, we’ve all collectively acquired a whole new set of digital doodads and pastimes, but as that episode gives way to the jarring...

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Careem Boosts Food Delivery Space Footing With MUNCH:ON Acquisition
Careem Boosts Food Delivery Space Footing With MUNCH:ON Acquisition
June 24, 2022  |  Delivery

Careem, the Dubai-based ride-hailing company with operations in over 100 cities across the Middle East, Africa and South Asia has acquired the food delivery platform...

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