Ride-Hailing Makes Strange Bedfellows
The five global giants have a tangled web of overlapping investors.
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The on-demand ride industry is assembling an awkward group of passengers.
The five global giants of ride-hailing have a tangled web of overlapping investors. At least 11 companies or funds have invested in two or more of the biggest startups: Uber and Lyft in the United States, China's Didi Chuxing, Grab in Southeast Asia and India's Ola. The overlapping investors in part resulted from two mergers in China. Last year's combination of two rival startups to create Didi, and the just-announced deal to sell Uber's China operations to Didi, are uniting the three companies' investor bases.