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The state transport department has set fixed per kilometre fares instead of a band. Prices should drop, but so would cab availability at peak hours and driver earnings.


Shared rides seemed tailor-made for India’s congested cities. Yet, economics, trust and regulation kept the idea from scaling.
The founders of the Turkish company have filed a suit against the Abu Dhabi sovereign fund, proptech Stake has raised new millions and there is a new financial giant in town.
The American tech company is buying Getir’s delivery operation, a16z invests in a new proptech and Dubai’s real estate can now be traded.