Deliveroo Australia has formed a rider advisory panel to help improve safety for its rider network. The panel is made up of 10 Deliveroo riders who will meet up monthly via video conferences and face-to-face workshops at its Melbourne offices. The move is designed to raise awareness of the riders’
Ride sharing company Lyft has had it value soar on its first day on the Nasdaq with the company’s shares up 8.7 per cent at US$78.29 with a valuation of US$26.5 billion. Lyft debuted on the Nasdaq with a price of US$72 last Thursday. On Friday, its shares opened at
Women-focused ride sharing service Shebah is launching an equity crowdfunding campaign to raise $3 million in an effort to circumvent the “male gatekeepers” of venture capital. Founded in Melbourne in 2017, Shebah’s service promises women safe transportation without harassment and, on the other side, employment opportunities to work as drivers.
Uber has confidentially filed for an IPO over the weekend, after its rival Lyft also filed late last week. According to the Wall Street Journal, both companies filed their S-1 paperwork to the US Securities and Exchange Commission (SEC) with their shares to go public early next year. The two companies
A surge in shared transport will continue, with driver and passenger numbers seeing substantial growth over the next 5 years according to a new study by Juniper Research. The study, called Sharing Economy: Opportunities, Impacts & Disruptors 2017-2022, forecasts that the number of ride sharing drivers will increase from an