Flywheel raises $12 million to take on Uber

Flywheel, the app-enabled cab hailing startup and Uber rival, announced Thursday that it had raised $12 million in Series C funding

The timing couldn't be better for the company's new CEO, Rakesh Mathur, who isn't shy about his criticisms of Uber, a company with recent actions that he calls "almost NSA-like."

See also: Uber will probably ride out the latest scandals, brand experts say

"Travis has used the word 'asshole' to describe the taxi industry," Mathur said, referring to Uber CEO Travis Kalanick. "Well, he uses the word and he acts in that fashion and beyond that he clearly created an army of mini assholes." Read more...

More about Startups, Business, Tech, Uber, and Apps Software