28 Sep

Uber rival Grab quietly backed dock-less bike service oBike

 Grab, Uber’s main rival in Southeast Asia, has made a move into dock-less bikes after the company quietly backed oBike. Singapore-based GrabĀ invested in oBike — which was started in Singapore by Chinese founders and is present in 30 cities — as part of a $45 million Series B round that was announced in August, a source with knowledge of the deal told TechCrunch.… Read More
Source: TechCrunch – Funding and Exits

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