Wednesday, December 30, 2015

Sidecar, which was supposed to rival Uber and Lyft, has quit trying to compete

As of December 31 at 2 p.m. PST, Sidecar will officially discontinue on-demand ride and delivery services. The company’s CEO, Sunil Paul, announced the shutdown in a blog post Tuesday.

 Sidecar’s $35 million in funding paled in comparison to that of Lyft ($1.26 billion) and Uber ($10 billion). So while the latter two firms quickly expanded internationally, Sidecar’s market remained limited to 10 U.S. cities, focusing mainly on the West Coast.

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