HopSkipDrive raises $22 million in latest round of funding

HopSkipDrive, a Los Angeles based transportation company for children, has received a  $22 million in funding in the latest round. The round, largest yet, saw participation from 15 investors which include Cyrus Capital Partners, State Farm Ventures, Upfront Ventures, and FirstMark...

Uber founder Travis Kalanick is leaving board of directors; sold all shares

Uber Technologies, Inc. has announced that co-founder and ex-CEO Travis Kalanick will be resigning from the company's Board of Directors. He will stay active until December 31. Last week, Travis Kalanick sold 90%, worth around $383 million, of his shares...

African fintech startup Opera’s OPay received $120 million in funding from Chinese investors

Incubated by Opera, famous for its web browser, Africa-based startup OperaPay, widely known as OPay, has gained $120M from the Chinese investors in series B round. Along with PalmPay, OPay is now one of the most funded fintech startups in Africa. Series...

Uber to pay $650 million employment tax bill to New Jersey

Uber considers its drivers as contractors and not as employees because it does not pay the drivers. Instead, they receive 20% from each trip. New Jersey Department of Labor and Workforce Development, however, is not convinced with that argument.

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