Ride-hailing

Defunct ride-hailing startup Sidecar sues Uber

Uber mobile app icon. Photo: Ali Balikci/Anadolu Agency/Getty Images

Sidecar, a now-defunct ride-hailing company, is suing Uber for anti-competitive practices that "stifled competition in the market for ride-hailing applications" and put the company out of business, according to a new complaint filed in U.S. District Court in San Francisco.

The bottom line: "If Uber had won the ride-hailing market on a level playing field, we would have been disappointed, but that’s something we could have lived with," Sidecar co-founder Sunil Paul says in a new blog post. "That’s not what happened."

ParkJockey confirms SoftBank funding

Inside of a parking garage.
Photo by Alexander Hassenstein/Bongarts/Getty Images

ParkJockey on Monday confirmed Axios’s earlier reporting that it’s received funding from SoftBank to acquire two parking operators, with additional capital from Abu Dhabi’s Mubadala.

  • The breakdown: SoftBank is investing in ParkJockey, which in turn is teaming up with Mubadala to acquire Impark and Citizens Parking (parent company of Lanier and other subsidiaries). Owl Rock provided additional debt financing.
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