The startup, which operates buses along fixed routes, began operations in Egypt in 2017.
Alibaba racks up $38b in record Singles’ Day sales
Singapore’s GIC acquires UK gas pipeline firm, Berlin hotel
SoftBank-backed hotel chain Oyo torn between profits and growth
Uber’s Latin American stronghold pursued by Japan’s SoftBank-funded rivals
India: Infrastructure drives PE/VC investments to $3.3b in October
Malaysian court to decide if 1MDB charges against Najib have merit
Ride-hailing deals bigger blow to SoftBank Vision Fund than WeWork
India’s Yes Bank makes record global surge post dismal phase
Temasek Holdings makes slew of senior management changes
African logistics platform Lori closes nearly $30m led by Hillhouse, Crystal Stream
Waskita said it is in the process of selecting an arranger to facilitate the divestment process.
IPOs & Markets
The game payment company's direct listing comprised 89,632,142 shares at a reference price of USD 0.70 per share.
The Japanese company invested in Gojek in spring and expanded its stake in the summer.
Finch Capital and Amand Ventures also participated in the round.
From Indonesia to India, tech companies are moving away from a growth-at-all-costs model to chase profitability.
The VC firm had in May announced the fund's final close at $200 million.
Takeover interest in Permata gained ground after StanChart said its investment in the bank was no longer core.
The announcement is likely to come in next month, said LinkAja chief executive Danu Wicaksana.
Q & A
Finch will look to add to the seven investments it has made in the region from its $125-million second fund.
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