Careem, the Middle East-based ride-hailing company that Uber bought in 2019, is spinning out its super app business into a new startup backed with $400 million from Emirates Telecommunications Group Company. Emirates Telecommunications, the UAE telco giant that is now known as e&, said Monday it reached an agreement with Uber to buy a 50.03%… Continue reading Uber sells $400M stake in Careem super app business
Tag: Uber
Kite Closes $200M Equity Funding
Kite, a NYC-based next-generation commerce company specializing in scaling high-potential brands, closed on a commitment of $200m in equity. Backers included funds managed by Blackstone and founding partner Juxtapose. Founded by Rob Solomon, Juxtapose, and Blackstone in 2022, Kite is a commerce company specializing in scaling high-potential brands developing the infrastructure and technologies they need to scale their… Continue reading Kite Closes $200M Equity Funding
The petty shall inherit the pennies
Hello and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. Today we are talking about crypto, Uber and how to be petty at… Continue reading The petty shall inherit the pennies
Wrapmate adds Wrapify, a category leader in rideshare advertising, to its portfolio of companies
DENVER, April 10, 2023 /PRNewswire/ — Wrapmate today announced it has completed a strategic, majority investment in Wrapify, a leader in measurable rideshare advertising and a three-time Inc. 5000 company. Together the two companies will leverage their operational synergies, technology platforms, and buying power to deliver more effectively for customers nationally, while also supporting an unprecedented,… Continue reading Wrapmate adds Wrapify, a category leader in rideshare advertising, to its portfolio of companies
Careem: Chapter 3
A letter from Mudassir Sheikha, CEO and Co-Founder of Careem, to Careem colleagues on Monday, April 10th, 2023: Today is the start of Careem’s Chapter 3. It’s a big moment for Careem, and we will inshallah make it an exciting inflection point for the region’s digital economy. I am delighted to announce that we have… Continue reading Careem: Chapter 3
@niche: 7 EV Stocks to Avoid Like the Plague Heading Into April 2023002631
While electric vehicles may be the future of transportation, I’m afraid these EV stocks to avoid might not make the cut. Fundamentally, as a burgeoning sector, the price for entry for arguably most consumers is simply too steep. With a smaller addressable market for a wide array of competitors, it’s inevitable that many if not… Continue reading @niche: 7 EV Stocks to Avoid Like the Plague Heading Into April 2023002631
The Big Bang’s Afterglow Reveals Invisible Cosmic Structures
Nearly 400,000 years after the Big Bang, the primordial plasma of the infant universe cooled enough for the first atoms to coalesce, making space for the embedded radiation to soar free. That light—the cosmic microwave background (CMB)—continues to stream through the sky in all directions, broadcasting a snapshot of the early universe that’s picked up… Continue reading The Big Bang’s Afterglow Reveals Invisible Cosmic Structures
YouTuber Gets Shot for Prank, Pledges to Keep Making More Prank Videos
“I was playing a prank, a simple practical joke, and this guy didn’t take it very well and shot me.” Prank Memes A YouTube prankster — who likes to harass minimum wage workers at fast food restaurants, pretend to vomit on Uber drivers, and anger strangers for no apparent reason — has been shot in… Continue reading YouTuber Gets Shot for Prank, Pledges to Keep Making More Prank Videos
U.S. agency says Uber should face claims that driver ratings are biased
The judge had said that the survey was inadequate because it only polled people who, like Liu, were barred from driving for Uber and not the overall population of Uber drivers. The U.S. agency that enforces workplace discrimination laws has urged a federal appeals court to revive a lawsuit alleging that Uber Technologies Inc’s system… Continue reading U.S. agency says Uber should face claims that driver ratings are biased
Aurora truck navigates using checkpoints
Near the US border, Aurora teaches self-driving trucks to pass through checkpoints. The self-driving startup aurora announced a milestone on Monday. The autonomous driving system is now ready for commercial use. This is to be achieved by the end of 2024. In parallel, the company offers other routes in the American Southwest, including Texas. [embedded… Continue reading Aurora truck navigates using checkpoints