Social & Web
The Indian woman whose alleged rape by an Uber driver led to the service being shut down in New Delhi has now sued the car-hailing platform in San Francisco, according to Reuters. The woman, who asked the federal court to protect her identity, said Uber’s service was the “modern day equivalent of electronic hitchhiking”. Uber, which recently reopened its Delhi services after applying for a taxi license, has repeatedly promised to improve its driver-vetting procedures in India. The woman wants unspecified damages from Uber, as well as the installation of in-car cameras and the creation of local customer support centers. The driver, who denies the attack, is currently on trial for rape and kidnapping.
London-based online currency transfer outfit TransferWise has raised a $58 million Series C round that was led by Andreessen Horowitz. This follows a $25 million Series B round just seven months ago, which included Virgin chief Richard Branson and original backer Peter Thiel (who are also in the current round, along with Index Ventures, IA Ventures and Seedcamp.) Like CurrencyFair over in Ireland, TransferWise uses cash reserves in various countries to bypass the banks and offer conversion rates that are far cheaper than those offered by traditional banks and remittance services. According to the Financial Times, Andreessen Horowitz won a competitive bidding process to invest in TransferWise, which is now valued at “close to $1 billion”.