UBER

Moove raises $100 million Series B round

Moove has raised $100 million in a Series B funding round. Mubadala Investment Company PJSC (Mubadala), which led Moove’s previous funding round in 2023, participated in this round alongside new...

P1 Ventures announces closure of second fund at $25 million

P1 Ventures, the Pan-African Seed VC fund combining local market knowledge, a global track record and AI to unlock the continent’s huge and largely untapped potential has completed the first $25 milli...

e& acquires majority stake in Careem Super App for $400m

e& today announced to acquire a majority stake in Careem’s Super App spinout. Careem’s ride hailing business will remain fully owned by Uber and continue to be available with all other...

Food delivery industry to reach $323 billion in revenue

The food delivery industry has become a lucrative opportunity for major companies in the past decade. It’s not surprising that major international brands such as Uber, Tencent, and Alibaba have ...

Uber to acquire Careem for $3.1 billion

Uber announced it is all set to acquire Careem for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash. Uber will acquire all of Careem’s mobility, delivery, and pay...

Uber Settles Waymo Lawsuit

Uber is paying $245 million to Google’s self-driving car spin-off to end a legal brawl that aired out allegations of a sinister scheme that tore apart the once-friendly companies.

Uber Offloads its Leasing Business to Fair.com

Uber has announced today that it is selling its car-leasing subsidiary to Santa Monica-based tech startup Fair.com.

Shervin Pishevar Resigns From Sherpa Capital

Hyperloop One co-founder and early Uber investor Shervin Pishevar has announced his resignation from Sherpa Capital,

Uber to Sell a Large Chunk of Stake to Softbank

Uber has struck a deal that could lead to a huge investment by a consortium led by Japanese conglomerate Softbank and San Francisco group Dragoneer. The size of the potential investment has not been d...