The City of Paris first warned Airbnb and it is now taking action. Mayor of Paris Anne Hidalgo told the JDD that the city is suing the company for 1,010 illegal listings. The fine could be worth as much as $14.2 million (€12.625 million). Based on current legislation, you can’t rent an apartment more than […]
View More Paris sues Airbnb for illegal listings and seeks $14.2 millionCategory: Collaborative Consumption
WeWork just made its first acquisition of 2019, snapping up a visitor identity and behavior company
WeWork is diving more aggressively into software sales. Just six months after spending $100 million in cash on Teem, a Salt Lake City-based office management startup, the company has acquired Euclid, a data platform that tracks the identity and behavior of people in the physical world. WeWork isn’t saying what it’s paying for the nine-year-old, […]
View More WeWork just made its first acquisition of 2019, snapping up a visitor identity and behavior companyUber competitor Chauffeur-Privé rebrands to Kapten
French company Chauffeur-Privé is going to expand aggressively over the next couple of years. That’s why the company is changing its name to Kapten — a name that sounds less French. “We wanted to share with you a very important piece of news,” Kapten co-founder and CEO Yan Hascoet said in a press conference. “We […]
View More Uber competitor Chauffeur-Privé rebrands to KaptenGo-Jek confirms first close of $2B Series F round at $9.5B valuation
Go-Jek, the Indonesia-based ride-hailing company that is challenging Grab in Southeast Asia, has announced the first close of its Series F round, as TechCrunch reported last week. The company isn’t revealing numbers but sources previously told us it has closed around $920 million. Go-Jek is planning to raise $2 billion for the round, as reported last […]
View More Go-Jek confirms first close of $2B Series F round at $9.5B valuationSources: Clutter is raising $200-250M led by SoftBank for on-demand storage and moving
Marie Kondo’s rise as a cultural icon shows there’s big business to be had in sorting out a mess. And startups are also hoping to get in on the action. TechCrunch has learned that Clutter, a storage-on-demand service that packs up, takes away, stores and returns your possessions at the click of an app, is raising […]
View More Sources: Clutter is raising $200-250M led by SoftBank for on-demand storage and movingSoutheast Asia’s Grab is adding Netflix-like video streaming to its ride-hailing app
Grab is Southeast Asia’s top ride-hailing firm thanks to its acquisition of Uber’s local business last year. Its biggest competitor gone, the company is on a push to go beyond transport and become an everyday ‘super app’ and that strategy just embraced video streaming today. That’s because Grab is integrating video-on-demand service HOOQ — a […]
View More Southeast Asia’s Grab is adding Netflix-like video streaming to its ride-hailing appChina’s Didi teams up with state-owned BAIC to deepen electric vehicle push
Didi Chuxing, China’s largest ride-hailing startup which claims over 550 million registered users, is deepening its focus on electric vehicles after it announced a joint venture with BAIC, a state-owned automotive giant. ‘Jingju’ — as the venture is called — is a partnership between Didi and BAIC affiliate Beijing Electric Vehicle that will develop “next-generation connected-car […]
View More China’s Didi teams up with state-owned BAIC to deepen electric vehicle pushGo-Jek makes first close of $2 billion round at $9.5 billion valuation
Southeast Asia-based ride-sharing firm Go-Jek is making progress with its plan to raise up to $2 billion in fresh capital to fund its battle with close rival Grab . Indonesia-headquartered Go-Jek has closed an initial chunk of that round after a collection of existing investors, including Google, Tencent and JD.com, agreed to invest around $920 million […]
View More Go-Jek makes first close of $2 billion round at $9.5 billion valuationHow Jyve secretly raised $35M & built a $400M retail gig economy
What if instead of just accepting Uber rides, gig workers could pick from higher paying skilled tasks around town like stocking shelves, checking inventory, or driving a forklift at a local grocer? When they work quickly and accurately or learn new trades, they get to choose between more complex jobs. That’s the idea that’s racked […]
View More How Jyve secretly raised $35M & built a $400M retail gig economyIndia’s Ola is adding a monthly billing option for its ride-hailing customers
Ola, the ride-hailing service battling Uber in India, is introducing credit services to its users as it moves closer to a major new funding round. Today the company took the wraps off Ola Money Postpaid, a service that builds on Ola’s existing payment service — which can be used to pay rides and also third-party […]
View More India’s Ola is adding a monthly billing option for its ride-hailing customersGrab moves to offer digital insurance services in Southeast Asia
Grab is Southeast Asia’s top ride-hailing firm, thanks in no small part to its acquisition of Uber’s local business last year, but the company also houses an ambitious fintech arm, too. That just added another vertical to its business after Grab announced it is teaming up with China’s ZhongAn to introduce insurance. Grab and ZhongAn International, […]
View More Grab moves to offer digital insurance services in Southeast AsiaAhead of IPO, Airbnb achieves profitability for second year in a row
Airbnb, which is expected to go public this year, announced today a number of milestones. For starters, Airbnb says it was profitable on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis for the second year in a row in 2018. In Q3 2018, Airbnb said it had its strongest quarter ever, where it […]
View More Ahead of IPO, Airbnb achieves profitability for second year in a row