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Softbank has large stakes in Didi, they led a $2,000,000,000 round in Southeast asian rideshare Grab, and a $1,1,000,000 in Indian rideshare company Ola. That's
by Fricken 9y ago
Softbank has large stakes in Didi, they led a $2,000,000,000 round in Southeast asian rideshare Grab, and a $1,1,000,000 in Indian rideshare company Ola. That's all the big global rideshare companies, Masayoshi Son is in all of them.
https://www.crunchbase.com/organization/softbank/investments/investments_list https://www.crunchbase.com/organization/softbank/investments...
In the developing world, you've got cities like Karachi, Pakistan, whose population grew 80% between 2000 and 2010, and now sits at 21 million people. There are dozens of other cities experiencing ridiculous growth rates like that.
Very few people own motor vehicles, Regional Governments have no chance of being able provide adequate transportation infrastructure. In Indonesia I once counted 21 people in a pick-up truck (16 in the back, 5 in the cab). There's a hodge-podge of small private transportation providers that move people around in these kinds of places, but the Big rideshare companies will sweep them aside as handily as traditional taxis were in the west.
Big Rideshare provides both sophisticated logistical oversight, and secure, accountable brokerage that little guys can't match. Rideshare's penetration into developing world is just getting started, and Softbank has it's fingers in every pie.