It takes a lot more than a good idea and the right timing to build a billion-dollar company. Talent, focus, operational effectiveness and a healthy dose of luck all play a part.
Plus, Pinterest is going public too, Lyft's IPO is imminent and London is home to the largest pre-seed fund ever.
Uber has said adamantly that it won’t exit India (or any more markets) following a hat-trick of retreats from China, Russia and Southeast Asia, but does that include its food delivery business?
The visual search engine has confidentially submitted paperwork to the Securities and Exchange Commission for an initial public offering slated for later this year, the WSJ reports.
Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the unicorn club. F
Ride-hailing company Lyft plans to file its initial public offering in March, possibly beating rival Uber to the milestone. Two reports, one from Reuters, the other from WSJ, indicate Lyft plans to li
Uber has fixed a bug that allowed access to the secret developer tokens of apps that integrated with the ridesharing service, according to the security researchers who discovered the flaw. In a blog p
Somewhat similar to Uber’s Express Pool option, Lyft just launched Shared Saver to help people spend less money for shared rides. But what makes Lyft’s option more attractive is that rider
The money is starting to flow from India’s largest startup exit. Ola has added a major name to its ongoing financing round after it confirmed that Flipkart co-founder Sachin Bansal has invested
Uber filed a lawsuit against New York City, The Verge reported. The company wants to overturn New York City’s rule that caps the number of new ride-hailing drivers. Last summer, the city approved le
Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. This is the second edition and seriously people, what happened this week? Too
Ahead of its anticipated initial public offering this year, Uber reported a net loss of $865 million in the fourth quarter. That figure, however, was aided by a tax benefit that saved the company from
Uber Freight, which helps truck drivers connect with shipping companies, has made two high-profile hires this month as it continues to scale up its app and plans for a global expansion. The company ha
China’s largest car-hailing company is facing relentless pressure from all fronts. Beijing-based Didi Chuxing reportedly lost a staggering 10.9 billion yuan ($1.6 billion) in 2018, according to
Another autonomous-vehicle unicorn has joined the herd. TuSimple, a self-driving truck startup running daily routes for customers in Arizona, has raised $95 million in a Series D funding round led by
The battle between Uber and Lyft, which are both expected to go public this year, continues. Today, Lyft announced the hire of Michelle DeBella, formerly Uber’s global head of internal audit, as
Ben Schippers Contributor Ben Schippers is a co-founder of HappyFunCorp. More posts by this contributor The technology industry needs to think more seriously about device addiction Tesla, a great fami
This week in startups: Turvo takes center stage, a mental health unicorn emerges and Reddit rakes in cash.
Welcome to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. I cover all the ways people and goods move from Point A to Point B — today and in
In the past year, more than 63,000 people took 625,000 rides on JUMP bikes in San Francisco, JUMP announced today. Each JUMP bike in San Francisco saw an average of seven rides per bike per day compar