Related News

5 signs of an emotionally immature partner– And to deal with them

Emotional maturity and empathy are the foundation of a healthy relationship. Without it, communication breaks down, conflicts escalate, which can make one partner often feel drained, unheard, and unappreciated. Emotional

AAP leader Arvind Kejriwal’s daughter Harshita Kejriwal marries Sambhav Jain: All about the bride and groom

AAP leader Arvind Kejriwal’s daughter gets married: All about Harshita Kejriwal and her husband Sambhav Jain Former Delhi Chief Minister and Aam Aadmi Party (AAP) leader Arvind Kejriwal and his

IPL lowest score: Where does RCB’s 95/9 vs PBKS stand on the list?

NEW DELHI: Royal Challengers Bengaluru (RCB) endured a night to forget at the M. Chinnaswamy Stadium on Friday as they registered one of their lowest scores in the history of

8 notable books with strong female leads and characters

Since time immemorial, women have been in one of the most ‘backward’ sections of society. From real-life to books and literature, they were rarely ever the main leads or the

‘When Babar Azam makes a comeback, he will be better than Virat Kohli … match Garry Sobers, Viv Richards’ | Cricket News

Babar Azam (Image credit: PCB) Babar Azam continues to face challenges as he struggles with poor form in T20 matches, having been dropped from Pakistan’s T20I side for the New

Bhagavad Gita & Natyashastra added to Unesco’s Memory of the World Register. Know about the 14 Indian treasures honoured by Unesco

This collection consists of 248 manuscripts by Abhinavagupta (940–1015 CE), a remarkable Indian philosopher and polymath from 10th-century Srinagar, Kashmir. Abhinavagupta made lasting contributions to philosophy, aesthetics, literary theory, performing

Lyft to buy taxi app Free Now for $200 million to expand into Europe

Word Count: 271 | Estimated Reading Time: 2 minutes

Lyft logo is seen in this illustration taken June 27, 2022.

Dado Ruvic | Reuters

U.S. ride-hailing firm Lyft on Wednesday announced that it’s buying European taxi app Free Now in a 175 million euro ($199 million) deal.

The company said that the acquisition — Lyft’s first in Europe — is expected to close in the second half of 2025, and that, once combined, the two companies will serve over 50 million combined annual users.

Founded in 2009 as myTaxi, Free Now is a ride-hailing platform headquartered in Hamburg, Germany. The company has been jointly owned by German automotive giants BMW and Mercedes-Benz since 2019.

The app is available in over 150 cities across nine countries, including Ireland, the U.K., Germany and France. Beyond traditional taxi and ride-hailing services, Free Now also offers other mobility options including e-scooters, e-mopeds and e-bikes.

Free Now has been joint-owned by German automotive giants BMW and Mercedes-Benz since 2016.

Picture Alliance | Picture Alliance | Getty Images

The startup is earnings-positive on the basis of Earnings Before Interest, Debt and Amortization, generating gross bookings over 1 billion euros in 2024, according to a company fact sheet.

Acquiring Free Now will give Lyft a route to expand into the highly competitive European ride-hailing market, where it will come up against the likes of Uber, Estonia’s Bolt and Israel’s Gett.

Lyft’s closest domestic rival, Uber, has a lengthy head start on the firm, having first launched in the U.K. back in 2012. It has since been beset by a series of regulatory issues.

London’s transport regulators tried to ban Uber two times over safety concerns. The company was eventually awarded a fresh license to continue operating in the city in 2022.

Source link