Blackstone, CVC make $3.7b bid for payments firm Paysafe

By
Posted

Paysafe said it has granted the bidders due diligence access.

Blackstone

Tokopedia confirms it is fund raising, does not reveal if talks are on with China’s JD.com

By

Indonesia’s PTTokopedia appears to have given away that it is set to bag a new round or investment.  Recent reports have indicated that the country’s largest marketplace site is looking is in talks with Chinese e-commerce major JD.com – Alibaba’s largest rival – and the latter is set to pump in a “significant”… Read more »


Alibaba affiliate Ant invests in Shanghai startup VFinance

By

VFinance has teamed up with Alibaba-backed online bank MYbank.


Grab, Uber at receiving end as Philippines cracks down on 50,000 unauthorised vehicles

By

Transport regulator has said Grab and Uber continue to allow drivers without permits to operate.


India: Fino Payments Bank commences operations

By

Fino is the fourth payments bank after Airtel Payments Bank, India Post Payments Bank and Paytm Payments Bank.


India: Flipkart sends Snapdeal revised buyout offer of $850m

By

Flipkart has offered to pay $650-700m in stock immediately and another $150m at a later date.


Philippines: CashCashPinoy decries ‘shutdown’ reports even as it remains offline

By

Firm says it is updating its technology and undergoing a brand transformation.


BlackBuck: The online Indian freight aggregator on a roll

By

It closed its $70 million round in March amid a protracted lull in funding.


Grab raising $2b from SoftBank, Didi Chuxing at a $5b valuation, says WSJ

By

Grab had last raised $750 million in Sept at an over-$3 billion valuation.


E-commerce market growing at a healthy pace, says Amazon India chief Amit Agarwal

By

Amazon is pinning growth hopes on Prime membership programme in India.