It was announced in a press release last Friday that Uber and ComfortDelGro will be embarking on joint venture which will give the ride-sharing giant access to around 15,000 taxis in Singapore.

The $474 million deal, which is awaiting regulatory approval, should double Uber’s drivers in the city-state. ComfortDelGro Chairman Lim Jit Poh said that although his company had been operating in Singapore for almost five decades already, they are aware that the business of personalized mobility has become very different now, and working with Uber should bring a synergy that will be beneficial for both riders and drivers.

The deal is said to have dealt a blow to Uber’s main competitor in the region, Grab, and although Singapore is just a small fraction of Southeast Asia’s 600 million consumers, it is nevertheless considered as an important global hub.

Source: TechCrunch

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