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H-E-B acquires Texas-based on-demand company Favor

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H-E-B has acquired Favor, the on-demand delivery service out of Texas. Favor will continue to operate as an independent wholly-owned subsidiary of the grocery chain. The company first launched in 2014 at SXSW, bringing a Texas-tailored approach to on-demand delivery. While many on-demand services, such as Postmates, focus on high-density areas like NYC and San […]

India’s Zoomcar raises $40M led by automotive giant Mahindra & Mahindra

1518768805 zoomcar 150x150 - India’s Zoomcar raises $40M led by automotive giant Mahindra & Mahindra

India’s Zoomcar — which operates an on-demand car rental service — has raised a $40 million Series C round led by Mahindra & Mahindra, the 70-year-old Indian corporation that specializes in automotive. Ford and other existing investors also took part in the round, Zoomcar confirmed. CEO and co-founder Greg Moran added that the round is still […]

Uber launches a new lower-priced service called Chap Chap in Nairobi

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Uber has launched a new, lower-cost service in Nairobi called Uber Chap Chap. Made possible by using a fleet of fuel-efficient budget sedans, Uber Chap Chap (Swahili slang for “hurry, hurry”) is currently available in several areas of the Kenyan capital, including its central business district. Uber, which began testing the service at the end […]

China’s Didi partners with SoftBank to launch taxi-hailing services in Japan

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China’s Didi Chuxing is preparing yet another market expansion after it inked an agreement with SoftBank, Uber’s largest shareholder, to introduce taxi-hailing services in Japan this year. Didi dominates the Chinese market — thanks in no small amount to its acquisition of second-placed Uber China — but this year it has expanded to Brazil via […]

UK outs plan to bolster gig economy workers rights

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The UK government has announced a package of labor market reforms to respond to changes in working patterns including those driven by the rise of gig economy platforms and apps like Uber and Deliveroo. It’s billing the move as an expansion of workers rights — saying “millions” of workers will get new day-one rights, as […]

Uber’s India rival Ola is expanding to Australia in first overseas move

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2018 is the year for ride-hailing expansions. Fresh from China’s Didi moving into Brazil and Taiwan, Ola in India is taking the first steps to move into the Australian market and expand its rivalry with Uber. Ola — which counts Didi as an investor — announced today that it has started recruiting drivers in Sydney, Melbourne […]

Google confirms investment in Indonesia’s ride-hailing leader Go-Jek

1517204684 gettyimages 517174332 150x150 - Google confirms investment in Indonesia’s ride-hailing leader Go-Jek

Google has confirmed its investment in Go-Jek, the hail-railing service that rivals Uber and Grab in Indonesia. TechCrunch reported the investment last week, which was made alongside China’s Meituan-Dianping and Singaporean sovereign fund Temasek. The trio were part of a final tranche of a $1.2 billion round that Go-Jek began negotiating on last April, with […]

Tradeshift Frontiers innovation lab hopes to drive blockchain adoption in the global supply chain

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Today, Tradeshift, a procure-to-pay supply chain management platform for SMBs and enterprise, announced Tradeshift Frontiers.  Frontiers is a innovation lab and incubator that will focus on transforming supply chains through emerging technologies such as distributed ledgers, artificial intelligence, and the internet of things. “The use cases we’re working through Frontiers cover a very wide variety of themes, […]

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