Ride-hailing startup Fasten will shut down ahead of SXSW in Austin

Fasten, a ride-hailing startup, is shutting down its operations in Boston and Austin as part of its sale to Dutch automotive company Vezet Group, according to a customer email.

Why it matters: During a brief retreat from Austin by both Uber and Lyft last year, Fasten was among the local ride-hailing services that helped fill the gap, especially during the annual South by Southwest (SXSW) festival (with mixed results). Ironically, Fasten will cease its operations on Monday, just days before the conference returns to Austin.