Hailo lays off 17 London employees

Taxi-hailing app Hailo has laid off 17 employees in London, out of its 150 employees worldwide, as part of a plan to “rebalance its engineering structure” and “shift focus towards accelerating our business growth and operational delivery off the back …

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SoftBank pays $250M fare to hitch ride with GrabTaxi

Japan’s SoftBank invested $250 million in GrabTaxi, one of the major rivals to Uber and Hailo in Southeast Asia. According to TechCrunch, the funding is likely to value GrabTaxi at more than $1 billion, with SoftBank now the largest investor …

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