Today is a turning point for Sidecar as we prepare to end our ride and delivery service so we can work on strategic alternatives and lay the groundwork for the next big thing. We will cease ride and delivery operations at 2PM Pacific Time, December 31.

Whereas Uber has raised over $10B over its lifetime and Lyft $1.26B, Sidecar had only raised $35M. Co-founders Sunil Paul and Jahan Khanna note their company was dealing with a "significant capital disadvantage."

posted 3038 days ago