India: RBI to regulate peer-to-peer lending firms

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All P2P loan platforms will be treated as NBFCs and will be brought under the ambit of RBI.

Uber’s India plans may face disruptions amid Asia probe

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The review of its Asian operations includes countries such as China, India, Indonesia, Malaysia and South Korea,


Profitability not the highest priority today: Flipkart CEO Krishnamurthy

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“Burn is not a metric that anybody worries about any more. And with the fund raise, burn is almost irrelevant.”


Google launches digital payments service in India

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India’s crowded digital payments market, expected to grow ten-fold to $500 billion by 2020.


ZhongAn to offer life insurance after HK IPO worth up to $1.5b

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ZhongAn is founded by Alibaba’s Jack Ma, Tencent’s Pony Ma and Ping An chairman Ma Mingzhe.


Valet parking startup Luxe latest casualty of on-demand bust

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Luxe raised $75 million and reached a valuation of about $160 million as investors competed to back on-demand startups.


Nomura values India’s Zomato at $1.4b

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Zomato is currently in talks with Chinese payments firm Ant Financial to raise $100-200 million.


Central Group, JD.com announce $500m JVs in Thailand

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The JVs will focus on e-commerce and financial technology services.


Alphabet is said to consider Lyft investment of about $1b

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Alphabet is also an Uber shareholder through its GV venture capital arm.


India: SoftBank-backed OYO gets $10m from China Lodging Group

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Last week, OYO had raised $250 million in a fresh round of funding led by SoftBank.