H-E-B acquires Texas-based on-demand company Favor

 H-E-B has acquired Favor, the on-demand delivery service out of Texas. Favor will continue to operate as an independent wholly-owned subsidiary of the grocery chain. The company first launched in 2014 at SXSW, bringing a Texas-tailored approach to on-demand delivery. While many on-demand services, such as Postmates, focus on high-density areas like NYC and San Francisco, Favor built a product… Read More

Toyota invests $69M in Japanese Uber rival backed by the taxi industry

 This week isn’t turning out to be great one for Uber in Japan. Two of its investors — Didi and SoftBank — are teaming up to launch a rival service, while one of its existing competitors has just landed a big cash infusion and highly influential backer after Toyota backed JapanTaxi. The auto giant said it will invest 7.5 billion JPY ($69 billion) into JapanTaxi, an… Read More

China’s Didi partners with SoftBank to launch taxi-hailing services in Japan

 Uber’s tangled relationship with investors Didi and SoftBank is about to get more complicated after the duo inked an agreement to introduce taxi-hailing services that will compete directly with Uber in Japan. Didi dominates the Chinese market — thanks in no small amount to its acquisition of second-placed Uber China — but this year it has expanded to Brazil via an acquisition… Read More

Uber’s India rival Ola is expanding to Australia in first overseas move

 2018 is the year for ride-hailing expansions. Fresh from China’s Didi moving into Brazil and Taiwan, Ola in India is taking the first steps to move into the Australian market and expand its rivalry with Uber. Ola — which counts Didi as an investor — announced today that it has started recruiting drivers in Sydney, Melbourne and Perth in what will be its first expansion… Read More

Google confirms investment in Indonesia’s ride-hailing leader Go-Jek

 Google has confirmed its investment in Go-Jek, the hail-railing service that rivals Uber and Grab in Indonesia. TechCrunch reported the investment last week, which was made alongside China’s Meituan-Dianping and Singaporean sovereign fund Temasek. The trio were part of a final tranche of a $1.2 billion round that Go-Jek began negotiating on last April, with commitments from the likes… Read More

Heetch raises another $20 million to compete head-to-head with Uber in Europe

 French startup Heetch has an ambitious goal. The company wants to become the second ride-sharing service in France and in the other European countries where it operates. The startup just raised $20 million from Félix Capital, Via ID, Alven Capital and Idinvest Partners. In order to stay competitive with Uber, Heetch is a bit cheaper than a normal UberX ride. But drivers still get paid more… Read More

Tradeshift Frontiers innovation lab hopes to drive blockchain adoption in the global supply chain

Today, Tradeshift, a procure-to-pay supply chain management platform for SMBs and enterprise, announced Tradeshift Frontiers.  Frontiers is an innovation lab and incubator that will focus on transforming supply chains through emerging technologies such as distributed ledgers, artificial intelligence, and the internet of things. “The use cases we’re working through Frontiers cover… Read More