China’s DiDi Chuxing has made another big move in the global ride-hailing market, by partnering with Middle Eastern brand Careem. The Dubai-based firm claims to be present in 80 Middle Eastern cities,…
Is Uber on the Wane? Don’t Bet on it Yet
Earlier this week DiDi Chuxing and SoftBank plowed $2 billion into Grab, the largest ride-hailing company in Southeast Asia, valuing it at around $6bn. “Markets everywhere are still at infancy stage with…
Didi and SoftBank to Pour $2bn into Taxi Firm Grab
DiDi Chuxing and SoftBank are investing a combined $2 billion in Grab, formerly known as GrabTaxi, Southeast Asia’s premier ride-hailing app. The company, which operates in 65 cities across seven nations, is…
Silicon Valley’s Bro Culture: More Female Venture Capitalists, Fewer Empty Apologies
Last week it was Travis Kalanick, today it’s Justin Caldbeck, the Binary Capital investor who resigned after six women came forward with allegations of sexual harassment–most of which occurred in the context of…
Travis Kalanick’s Uber Removal: Tech’s Worst CEOs
Yesterday Uber’s investors declared they had had enough of CEO Travis Kalanick, forcing the embattled entrepreneur to step down as the ride-share giant’s leader. Kalanick had been mired in accusations of sexist…
Kalanick’s Dramatic Uber Departure: Too Little, Too Late
First, a disclaimer: losing a parent is a horrendous and painful ordeal. We at Red Herring do not want to lose sight of the grief and loss Travis Kalanick must still be feeling,…
Lyft Paints it Black with New Luxury Services
Ride-hail firm Lyft has added two high-end options to its service, as the company looks to muscle in on Uber’s luxury travel market. Lyft Lux and Lyft SUV will launch across five…
Amazon Launches Amazon Cash in US
Amazon has today launched Amazon Cash, a new service that will allow users to make purchases without a bank card. The scheme, which is only currently available in the US, permits customers…
Tech Leaders Rebuke Trump’s Travel Ban
Leaders across Silicon Valley have condemned President Donald Trump’s latest immigration rules, which have resulted in derision and protests in the United States and beyond. The executive orders, which suspend refugees from entering…
Helper4U Is a Matchmaker for India’s Giant Semi- and Unskilled Workforce
Around two years ago, when Meenakshi Gupta Jain was founding what would become Helper4U with her husband, Punit, she received a phone call. A young woman, from a village outside Mumbai, said…