Category Archives: Uber

Lyft hits 1 billion rides a couple of months after Uber hit 10 billion trips

Today marks a big milestone for Lyft — one billion rides. That’s a milestone Uber hit in December 2015. Uber has since grown to 10 billion trips completed — including Eats deliveries — as of this past July. Uber, of course, had a bit of head start given it launched in 2009 while Lyft first launched in 2012. This milestone for Lyft comes about a year after it announced it was completing one million rides a day. To celebrate it, Lyft employees are surprising 3,500 drives with […]

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Uber fires up its own traffic estimates to fuel demand beyond cars

If the whole map is red and it’s a short ride, maybe you’d prefer taking an Uber JUMP Bike instead of an UberX. Or at least if you do end up stuck bumper-to-bumper, the warning could make you less likely to get mad mid-ride and take it out on the driver’s rating. This week TechCrunch spotted Uber overlaying blue, yellow, and red traffic condition bars on your route map before you hail. Responding to TechCrunch’s inquiry, Uber confirmed that traffic estimates have been quietly testing for riders on […]

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It’s the end of crypto as we know it and I feel fine

Watching the current price madness is scary. Bitcoin is falling and rising in $500 increments with regularity and Ethereum and its attendant ICOs are in a seeming freefall with a few “dead cat bounces” to keep things lively. What this signals is not that crypto is dead, however. It signals that the early, elated period of trading whose milestones including the launch of Coinbase and the growth of a vibrant (if often shady) professional ecosystem is over. Crypto still runs on hype. Gemini announcing a stablecoin, the […]

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Taxify is entering the e-scooter game

Estonian ride-hailing company Taxify will compete with Bird and Lime in Europe with its new brand of e-scooters, called Bolt, launching in Paris on Thursday. The company has rolled the scooter sharing service into its mobile app, which has attracted 10 million users in 25 countries since it launched in August 2013. A spokesperson for the company told TechCrunch it plans to release scooters in several other European and Australian cities where their app is already established, but will also launch in new markets where they’ve been […]

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Uber’s chief diversity officer is coming to TechCrunch Disrupt 2018

At TechCrunch Disrupt 2018, Uber’s Chief Diversity and Inclusion Officer Bo Young Lee will be joining us to talk about the ride-sharing company’s efforts to put detoxify its corporate culture and promote a more inclusive environment for employees. Lee was hired as the company’s first chief diversity and inclusion officer this past January, after leaving insurance company Marsh LLC where she held a similar role. Uber has obviously had its fair share of issues with fostering an inclusive culture, they’ve made some public efforts to showcase that […]

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Rappi raises $200M as Latin American tech investment reaches new highs

Rappi, the Colombian on-demand delivery startup, has brought in a new round of funding at a valuation north of $1 billion, as first reported by Axios and confirmed to TechCrunch by a source close to the company. DST Global has led the more than $200 million financing, with participation from Andreessen Horowitz and Sequoia — all of which were existing investors in the company. Rappi kicked off its business delivering beverages and has since expanded into meals, groceries and even tech and medicine. You can, for example, have […]

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Another food delivery startup, Foodsby, rakes in venture capital funding

Venture capitalists are still hungry for food delivery startups. Foodsby, the provider of a lunch delivery service based out of Minneapolis, has raised a $13.5 million Series B led by Piper Jaffray Merchant Banking. Greycroft Partners, Corazon Capital and Rally Ventures also participated. With the new capital, Foodsby plans to expand to 15 to 25 new markets. The round brings Foodsby’s total raised to $21 million. “We have established a successful model for new market entry with a tried and true combination of talent and technology,” Foodsby founder […]

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Self-driving truck startup Kodiak Robotics raises $40 million

In Don Burnette and Paz Eshel’s view, trucking is the killer app for self-driving technology. It’s what led Burnette to leave the Google self-driving project and co-found Otto in early 2016, along with Anthony Levandowski, Lior Ron and Claire Delaunay. And it’s what would eventually prompt Burnette to leave Uber — the company that acquired Otto — and co-found with former venture capitalist Eshel a new driverless-trucks startup called Kodiak Robotics. “It was no secret that Uber was primarily focused on the car project and 80 to 90 percent […]

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What every startup founder should know about exits

Benjamin Joffe Contributor Benjamin Joffe is a partner at HAX. More posts by this contributor 70 years of VC innovation 2017 crowdfunding guide The dream of a startup founder can often be summarized by the following well-intentioned, and mostly delusional quote: “We’ll raise a few rounds and in a few years we’ll IPO on Nasdaq.” But a more likely scenario looks something like this.: You invest a few years of hard work to build something of value. One day you receive an acquisition offer out of the blue. […]

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Miles gives you reward miles for almost everything

Reward miles are nice if you fly a lot but what if you bike or take Lyfts or just like to wander around town? A new app called Miles aims to give you rewards for all of those things, bringing the concept of rewards out of the air and onto the ground. Miles, co-founded by Jigar Shah, Paresh Jain and Parin Shah, is a San Jose-based company that looked at the problem of reward miles outside of airlines as well as the problems associated with city planning […]

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