Sidecar, a pioneer in the ride-hailing market, is shutting down its ride and delivery operations on Dec. 31, its co-founders Sunil Paul and Jahan Khanna announced today. The news leaves heavily-funded startups Uber and Lyft to battle for supremacy in the growing market, but Paul, the company’s CEO, points to Sidecar’s role in shaping the industry — including launching a ride-sharing app, creating a marketplace for users and drivers, winning regulatory victories, and adding a delivery component to its ride-sharing business. “I’m extremely proud of our team and all that we’ve accomplished,” Paul wrote in a post on Medium. “We are the innovation leader in ridesharing despite a… Read More
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