Uber lands investment from Singapore’s largest taxi operator in blow to rival Grab

 Uber has struck a major deal in Southeast Asia after ComfortDelGro, Singapore’s largest taxi operator, announced [PDF] it has agreed to buy a majority share of the ride-hailing giant’s Singapore-based car rental business. The deal will see a joint venture valued at SG$ 642 million (US$ 474 million) established to run Uber’s Lion City Rentals subsidiary in Singapore. Comfort… Read More
Fundings & Exits – TechCrunch