sidecar100635469orig
Internet

Uber rival Sidecar hits dead end, will shut down ride and courier service on Dec. 31

The ride’s over for Sidecar, a pioneering ride-sharing service that simply couldn’t compete with Uber and Lyft’s mindshare—nor their massive venture capital-infused warchests, as co-founders Sunil Paul and Jahan Khanna made clear in their farewell post on Medium.

“We are the innovation leader in ridesharing despite a significant capital disadvantage, continually rolling out new products that set the bar for others to follow,” they wrote.

No more. Sidecar will stop all deliveries and rides at 2 p.m. on December 31. The closure doesn’t exactly come as a surprise; the company had already shifted focus towards Postmates-style delivery/courier services in 2015, after its attempt to differentiate from the competition by allowing customers to pick their drivers failed to give said competition any pause. And things were only getting worse; while Lyft’s raised over $1 billion and Uber’s near-constant funding rounds have totaled up to more than $10 billion, Sidecar raised a mere $35 million in its lifetime.

But while Sidecar’s hit a dead-end as originally envisioned, the company itself may not be sent to the scrapyard just yet. “This is the end of the road for the Sidecar ride and delivery service, but it’s by no means the end of the journey for the company,” Paul and Khanna wrote; they also said Sidecar is shutting down rides and deliveries to “work on strategic alternatives and lay the groundwork for the next big thing.” That's interesting for sure—but the co-founders didn't provide any other explanation about where this alleged detour is headed.

IDG Insider

PREVIOUS ARTICLE

« All Samsung smart TVs will be 'IoT-ready' in 2016

NEXT ARTICLE

Samsung Pay's expanding to cheaper phones and online payments in 2016 »
author_image
IDG News Service

The IDG News Service is the world's leading daily source of global IT news, commentary and editorial resources. The News Service distributes content to IDG's more than 300 IT publications in more than 60 countries.

  • Mail

Poll

Do you think your smartphone is making you a workaholic?