Posts tagged Axios
Cargo raises $22 million for its ride-hailing snack boxes

Cargo is said to be beginning to look beyond ride-hail, first by quietly experimenting with home-sharing hosts.Cargo, a startup that provides ride-hailing drivers with snack boxes and other items passengers can purchase, raised $22 million in Series A funding at a valuation just south of $100 million. Founders Fund led, and was joined by Coatue Management, Aquiline Technology Growth, and a number of entertainment executives also participating.

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NewsJeffrey CripeAxios
Uber equips drivers with Cargo snack boxes

In its quest to help drivers make more money on the job, Uber has inked a deal with Cargo, a startup that provides ride-hailing drivers with boxes of snacks and items passengers can purchase. 

The bottom line: Earnings are drivers' top priority, so it's in Uber's best interest to help them earn more. In turn, this can motivate drivers to work more hours, which benefits Uber (and it doesn't have to fund these incentives itself).

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NewsJeffrey CripeAxios