Didi steps up financial drive as it courts car leasing companies

Didi Chuxing is making a further push into the financial arena as it looks to diversify its business amid huge losses. We reported in January that the company, which controls a dominant slice of China’s ride-hailing market, released financial and insurance products targeting riders and drivers. Its service offering just broadened after the startup launched […]

Grab plans to raise $2B more this year to fund an acquisition spree in Southeast Asia

Always be raisin’. That appears to be the motto of Southeast Asia’s ride-hailing companies Grab and Go-Jek. Fresh from closing a near-$1.5 billion raise from SoftBank’s Vision Fund as part of a huge, multi-billion Series H deal, Grab said today that it plans to extend the round to $6.5 billion to amp up its battle […]

Ride-hailing, bike and scooter companies probably raised less money than you thought

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor To get big faster, younger unicorns start buying startups sooner Small VC funds continue to raise, despite pressure from above After years of fierce competition as private companies, Uber and Lyft are going public on U.S. markets. […]