Another one of SoftBank backed start up is in troubled waters

by rjsh927

Fair, a car subscription start-up that partners with Uber and is backed by SoftBank, will cut 40% of its workforce with immediate effect. Several co-founders and CFO are also being let go.

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The start up is only 26 months old and is based in California. In a previous 350 M$ funding round, the company was valued at well above 1B$. To date Fair has raised about 500 M$ in equity and 1.5 B$ in debt.



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