ride hailing

Startups • Entrepreneurs • Digital economy

Grab vanquishes Uber with local strategy, billions from SoftBank

SINGAPORE (Mar 27): As Uber Technologies Inc. looked to conquer ride-sharing around the world, Grab was focused on serving the 620 million people that share its home in Southeast Asia.

Startups • Entrepreneurs • Digital economy

Uber GM dismisses reports of Uber-Grab deal as rumours; launches in-app carpool option Uber Commute

SINGAPORE (Mar 14): Uber is refusing to comment on whether or not it has reached a deal with Grab to sell most of its South-east Asia business to its competitor.

Uber said to be under CPIB probe over majority-owned Lion City Rentals

SINGAPORE (Oct 2): Market talk has it that Uber Technologies is under investigation by Singapore’s Corrupt Practices Investigation Bureau (CPIB) over the ride-hailing firm's majority-owned car rent

Uber CEO to take leave, have diminished role after scandals

SAN FRANCISCO (June 14): Uber Technologies Inc. Chief Executive Officer Travis Kalanick told staff he plans to take a leave of absence, without disclosing a return date.

Singaporeans become Uber drivers to get around high car prices

SINGAPORE (March 17): In one of the most expensive countries in the world to own a car, Peter Chiu is finding a novel way to pay for one.

Singapore rattles sharing economy with rule change

SINGAPORE (Feb 23): Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models a

Grab investing US$700 mil in Indonesia to help grow digital economy

SINGAPORE (Feb 2): Ride hailing platform, Grab, is investing US$700 million ($987.5 million) over next five years to grow the country’s digital economy.

Premier Taxis lists Silvercabs on Grab’s app

SINGAPORE (Oct 3): Ride hailing app Grab has partnered Singapore’s Premier Taxis to bring all Silvercab drivers onto its platform.

Grab raises US$750 mil in latest fundraising round

SINGAPORE (Sept 20): Ride-hailing service Grab has raised US$750 million ($1.02 billion) in its latest round of fundraising, led by SoftBank as well as other existing and new investors.

S i2i launches commercial electric vehicle fleet on Uber

SINGAPORE (Sept 19): S i2i has launched its commercial Electric Vehicle (EV) fleet of seven pure electric cars using car hailing services from Uber, according to parent company S Dreams.


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