Sharing Economy
Just Eat Takeaway says first-quarter orders up 79% to 200 million
Food ordering and delivery company Just Eat Takeaway.com said has said its first-quarter orders rose by 79% to 200 million orders from 112 million a year earlier.
Uber and Lyft tout US ride-hail driver pay, incentives amid growing demand
Uber and Lyft said US drivers on their ride-hail platforms were earning significantly more than before the pandemic as trip demand outstrips driver supply, prompting the companies ...
Deliveroo aims for $12 billion market cap in huge London debut
Food delivery company Deliveroo could make Britain’s biggest stock market debut since commodities giant Glencore went public nearly a decade ago, after setting a price range on Mon...
Deliveroo aims to sell $1.4 billion of new shares in upcoming IPO
UK food delivery company Deliveroo has said that it plans to sell around GBP 1 billion (approximately $1.39 billion) of new shares in its upcoming initial public offering.
Deliveroo launches London IPO after business surges in 2020
British food delivery firm Deliveroo announced plans to launch its hotly anticipated London listing on Monday after recording a surge in business during the COVID-19 pandemic, alth...
Lyft focuses on OAP’s with feature to book rides by call
North American ride sharer, Lyft has introduced a service that would let users request a ride by call, without needing the app, in a bid to make its ride-hailing service more conve...
Uber reduces losses on food delivery expansion, uptick in ride bookings
Uber posted a narrower loss as its ride-hail and delivery businesses rebounded slightly from pandemic lows, and the company said it was well on track to reach its goal of achieving...
Lyft says recovery in ride-hailing could bring third-quarter profit
Ride-hailing player, Lyft Inc has said it could make an adjusted profit by the third quarter of this year despite the pandemic thanks to additional cost cuts and an expected reboun...
Significant tech IPO’s we’re expecting in 2021
Yes, 2020 was a blockbuster year for initial public offerings (IPO) across the global platform economy, with the likes of Snowflake and DoorDash, amongst a myriad of others debutin...
Grab raises $300 million for FinTech arm’s ambitious expansion
Southeast Asian ride-hailing and food delivery giant Grab has raised over $300 million from investors headed by South Korea’s Hanwha Asset Management for its rapidly-expandin...
DoorDash aims to double valuation in much-awaited IPO
DoorDash Inc said on Monday it’s aiming to raise up to $2.8 billion in an IPO, which could double the worth of their US food delivery start-up and also be one of 2020’s...
US tech firms can compensate gig-workers with equity under SEC proposal
The US securities regulator has proposed a pilot program to allow tech firms such as Uber and Lyft to pay gig workers up to 15% of their yearly compensation in equity rather than c...
Uber launches feature in US to let customers reserve rides in advance
Uber Technologies has said it would roll out a new feature in the United States which will enable customers to book scheduled trips up to 30 days in advance.
Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation
China’s leading ride-hailing business Didi Chuxing is considering Hong Kong to get a multibillion-dollar first public offering next year, falling previous aims to list in New...