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Friday, May 20, 2022

After years of rivalry, Uber adds New York City taxis to its app

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The famous “Yellow Cabs” will soon also be bookable through Uber.

Good Morning! While you slept, work continued elsewhere on the digital scene.

The main topics:

On has come to an agreement to list New York City taxis on their app. Two taxi calling apps powered by Curb and Creative Mobile Technologies will integrate their software with Uber. This also allows users to book taxi rides through the Uber app. The feature is scheduled to begin this spring. It is intended to make up for the shortage of drivers and bring rates down again.

News of the deal sent Uber shares up 4 percent on Thursday. The deal marks a new milestone for the ride-sharing service, which has faced opposition from traditional taxi services since its inception in 2009. [Mehr bei Wall Street Journal, Reuters und CNBC]

on Founder Scene: With Sequoia and Tiger Global, two of the best-known VCs have joined the startup from Augsburg Xentral invested. the founding couple Claudia and Benedict Sauter Last year alone it raised around 80 million euros for the SAP alternative. Today we are going to present the new leadership that they bought for it. [Mehr bei Gründerszene+]

And here are the other headlines of the night:

facebook and other technology companies will have to follow much stricter regulations in the European Union in the future. Negotiators from EU states and the European Parliament agreed on a law on digital markets, the so-called Digital Markets Law, in Brussels on Thursday. The purpose of the new rules is to better control the market power of companies and to ensure fairer competition. [Mehr bei Handelsblatt]

soft bench points to British chip developer going public poor a valuation of $60 billion. The Japanese tech investor opted for an initial public offering after the deal to sell Arm to Nvidia fell through last month. The valuation would be nearly double the $32 billion Softbank paid for Arm in 2016 when it took the then-public company private. It would also be well above the $40 billion Nvidia originally offered. [Mehr bei Bloomberg]

They were, a Chinese autonomous driving startup, has raised $400 million in a funding round. The new cash injection values ​​the company at $4.4 billion. Investors in the round included US private equity firm Carlyle Group, German auto parts maker Bosch, Chinese automaker GAC Group and China-Arab Investment Funds. The latest funding round comes at a volatile time, as the prospects for Chinese startups going public in the US have become uncertain due to new restrictions from Beijing. [Mehr bei The Information]

Wave plans, the Indian fintech Availability Finance to take over. With the purchase, the Indian provider of chauffeur services intends to expand its range of financial services. The two startups did not provide any information about the terms of the contract. Avail Finance had raised approximately $38.5 million in multiple rounds and its latest value was $86.6 million. It is worth noting that Bhavish Aggarwal, co-founder and CEO of Ola, and Ankush Aggarwal, founder and CEO of Avail Finance are brothers. The deal still requires shareholder approval. [Mehr bei Techcrunch]

SAP withdraws at least partially from Russia several weeks after the start of the Ukraine war. Sales will stop and cloud operations in Russia will be suspended. The company announced that international sanctions will thus be fully implemented. However, the licensing business, where the software has already been purchased and installed, will continue. [Mehr bei Handelsblatt]

Our reading advice on Gründerszene is a story about bouncy. The startup helps companies with its software to keep employees. Previously the founders were Jenny von Podewils and Kajetan of Armansperg successful without venture capital money, but now the startup has raised €60m, including from Insight Partners. [Mehr bei Gründerszene]

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Happy Friday!

Your editors Gründerszene

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