On-demand cleaning services platform Helpling has raised nearly $10.7 million (S$15 million) from existing investors, led by Singapore-based Asia Pacific Internet Group (APACIG), a start-up incubator established jointly by Rocket Internet and Ooredoo. Other investors in the Berlin-based start-up include Rocket Internet, Lakestar, Accel Partners, and Mangrove Capital. As per a TechCrunch… Read more »
By Tanu Pandey
Lazada Malaysia CEO Hans-Peter Ressel on growth opportunities.
Adversity brings out the best or the worst in people. The downturn in India’s start-up funding market over the past 12 months brought out the worst in the founders of some of the country’s most valuable start-ups. Strapped for capital and under assault from foreign competitors with deep pockets, such… Read more »
Lorenzo Grabau, a former Goldman Sachs banker who tried to push 80-year-old Swedish investment firm Kinnevik AB from TV and telecom investor to kingmaker of European internet businesses, was unceremoniously ousted as chief executive officer Wednesday. Grabau, a Rome-born manager who joined Kinnevik in 2011 and become its CEO in… Read more »
Alibaba Group Holding Ltd. and Amazon.com Inc. are about to clash in Southeast Asia. And Lazada Group SA, which Alibaba bought this year for $1 billion, will be right at the heart of that conflict. Southeast Asia’s largest e-commerce site is rolling out a series of initiatives in anticipation of the U.S…. Read more »