Ride-hailing service Lyft has acquired Pune and San Jose-based start-up FinitePaths for an undisclosed sum, in its fifth acquisition since 2012. In September 2014, it acquired ride-sharing app Hitch for an undisclosed amount to take on rival UberPool and other ridesharing competitors. The deal is the latest example of a growing trend among tech companies to acquire smaller startups that have been struggling with their business models or are looking to expand into new markets. Although it is not clear why Lyft made the purchase, FinitePaths founders Balaji Raghavan and Vinay Kakade, are set to join the Lyft engineering team
Ride-hailing service Lyft has acquired Pune and San Jose-based start-up FinitePaths for an undisclosed sum, in its fifth acquisition since 2012. The deal is the latest example of a growing trend among tech companies to acquire smaller startups that have been struggling with their business models or are looking to expand into new markets. Although it is not clear why Lyft made the purchase, FinitePaths founders Balaji Raghavan and Vinay Kakade, are set to join the Lyft engineering team