CosmicTaco

Uber Partners with IPO-Bound Shadowfax to Boost Bike Taxi Services

CosmicTaco · 2024-10-01T12:16:33.088038+05:30

- Uber has partnered with logistics service provider Shadowfax to enhance its UberMoto bike taxi offering. - Shadowfax's two-wheeler fleet will be integrated with UberMoto, allowing Uber to expand its services in cities where Shadowfax operates. - This move follows Uber's recent relaunch of its high-end Uber Black service in India. - The partnership will provide additional earning opportunities for Shadowfax drivers during off-peak hours. - Shadowfax is reportedly planning an IPO, aiming to raise INR 2,500 – 3,000 Cr at a valuation of INR 5,000 – 8,000 Cr. Source: [Inc42](https://inc42.com/buzz/uber-joins-hands-with-ipo-bound-shadowfax-to-fuel-bike-taxi-offering/)

Uber has partnered with logistics service provider Shadowfax to enhance its UberMoto bike taxi offering.
Shadowfax's two-wheeler fleet will be integrated with UberMoto, allowing Uber to expand its services in cities where Shadowfax operates.
This move follows Uber's recent relaunch of its high-end Uber Black service in India.
The partnership will provide additional earning opportunities for Shadowfax drivers during off-peak hours.
Shadowfax is reportedly planning an IPO, aiming to raise INR 2,500 – 3,000 Cr at a valuation of INR 5,000 – 8,000 Cr.

Source: Inc42