Concierge service on wheels platform Easy Ride initiates Nissan into ride-hailing biz

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In partnership with Japanese mobile gaming platform operator DeNA Co, Nissan will begin public field tests of its Easy Ride service in Yokohama next month.

Uber will continue investing heavily in SE Asia even as it expects to lose money

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India is one of Uber’s fastest-growing markets, accounts for over 10 per cent of its trips.


Exclusive: Paytm Payments Bank eyes profitability in 2-3 years

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Paytm Payments Bank plans to roll out banking outlets and financial products this year, says CEO Satti.


India: Grofers in talks to raise up to $65m at 40% lower valuation

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If the funding round is finalized, it will dispel doubts about whether Grofers can survive, at least for the next year or so.


India: B2B marketplace Udaan raises $50m from Lightspeed, others

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Lightspeed India and funds associated with Russia’s Yuri Milner also participated in what is one of the largest Series B rounds raised by an Indian startup.


What WhatsApp’s payments push in India means for Paytm

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WhatsApp, with its easy-to-use interface and spending power, will offer the biggest challenge to Paytm yet.


Japan’s Sony set to jump into ride-hailing fray: Report

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Sony plans to set up a joint venture that will develop an artificial intelligence-based ride-hailing system.


Uber discussing sale of ASEAN business to Grab: Report

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Such a development would mirror its exit from China, which saw it sell its China operations to Didi Chuxing for a 20 per cent stake in the company, as well as Russia, where it merged its local ride-hailing business for a 37 per cent stake in the merged entity.


Walmart keen on buying India’s Flipkart but SoftBank opposed to sale

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Walmart is in talks to buy a large stake at a price that could value Flipkart at $20-23 billion.


Uber’s Middle-East rival Careem acquires restaurant listing platform

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Careem would start trialing food delivery services through the restaurant listing and reservation online platform this month.