US based ride hailing services Lyft
has acquire Pune based startup FinitePaths for an undisclosed sum as it follow
its larger rival Uber in tapping India’s large talent base to solve its global
technology problems.
Uber opened its technology
development centre in Bengaluru in February 2016, with the mandate to build
solutions for the local market which could then be exported to other markets. The
company ‘pay-by-cash’ model which was built out of India is now available in
several Southeast Asian Markets. Apart from Uber, it’s Southeast Asian rival
Grab recently announced its plans to setup a research centre in Bengaluru where
it would employ 200 engineers that would largely work on payment technologies.
Similarly Indonesian bike taxi
service Go-Jek has acquired three Indian startups – Pianta, C42 Technologies
and Codelgnition to shore up talent for its development centre here. The top
management of Go-Jek India centre comes from local service Ola which pioneered
the ride-hailing market in the country.
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