ride-hailing / 2 posts found

Uber decides to stop competing in Russia, merges business with Yandex

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Yandex only.Image: Shutterstock / Mikhail Leonov Like the rest of us, Uber doesn’t want to spend too much more time thinking about Russia. The ride-hailing giant is combining its business with Russia’s Yandex to form a new company in eastern Europe valued at $3.7 billion, Uber announced Thursday. Uber is tossing in $225 million for the new company and hold on to 36.6 percent ownership. Yandex will contribute $100 million and get 59.3 percent, meaning it will control the company but have plenty of coordination with Uber. The deal is similar to Uber’s approach in China last year. In August […]

Get a free protein bar or Altoids in your Uber with new startup Cargo

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Get some Altoids in your Uber.Image: cargo Anyone who’s been stuck in bumper-to-bumper traffic in an Uber probably could have used a pair of headphones or an Altoid at some point. Cargo is a new startup that promises to provide those random items you’d be happy to have mid-ride and, more importantly, offer another source of income for ride-hailing drivers. SEE ALSO: A top advocate for women in tech shares 5 ways companies can learn from Uber’s mistakes Cargo partners with brands to put candy, protein bars, tampons, and condoms in a case that sits within reach of passengers. The […]