By Ardi Wirdana
The GET app currently offers two services — a ride-hailing service called GET WIN and a courier service called GET DELIVERY.
Vietnam Competition and Consumer Protection Authority (VCA) said that the Grab-Uber transaction breached two norms of the competition law, including a failure to notify the economic concentration following the deal and prohibited consolidation.
The funding round was led by Insight Venture Partners and joined by existing investors, including Verizon Ventures, Pitango Venture Capital, New Era Capital and Sir Ronald Cohen.
Be Group will initially kick off with BeBike and BeCar services and add further features such as e-wallet, delivery and reward programmes.
The funding comes little over a month after Grab raised $250 million from Hyundai Motor and its affiliate Kia Motors.
The new platform will also serve as open architecture broker for insurance and mutual funds.
The company has so far raised funds worth $31 million. Roposo is also backed by Flipkart co-founder Binny Bansal and venture capital firm India Quotient.
The funding makes Byju’s the fourth most valuable startup in India, after Paytm (One97 Communications Pvt. Ltd), Ola and budget hotel chain Oyo Rooms.
Earlier media reports had said that Google was planning on acquiring Sigmoid for around $30-40 million
China, the world’s biggest gaming market, stopped approving new titles from March amid a regulatory overhaul triggered by growing criticism of video games for being violent and leading to myopia as well as addiction among young users.