The Business Times

Uber buys mapping startup deCarta

Published Wed, Mar 4, 2015 · 12:03 AM

[BENGALURU] Ride service Uber is buying mapping and search startup deCarta for an unspecified amount, technology website Mashable said on Tuesday, citing an Uber representative.

Uber would buy deCarta's technology and talent through the deal, which closes later this week, Mashable reported.

DeCarta provides a software platform that focuses on location-based service technology, including mapping, routing and turn-by-turn navigation.

Thirty out of 40 deCarta employees will remain with the company, including Kim Fennell, chief executive officer and president, the website said.

Uber could not immediately be reached for comment.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here