India: Uber opens its first Centre of Excellence in Asia in Hyderabad

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Taxi aggregator Uber Technologies Inc. opened its first centre of excellence in Asia in Hyderabad as the San Francisco-based company centralizes several of India operations at a single location in its third biggest market. The facility will have staff providing round the clock specialized support for “critical incidents that require… Read more »

Uber’s China rival Didi Kuaidi raising about $1b

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Ride-hailing service Didi Kuaidi, a Chinese rival to Uber, plans to raise about $1 billion in its latest fundraising round, the Wall Street Journal reported, citing sources. The company is seeking to raise the funds on terms that would value it at more than $20 billion, the Journal reported. Didi… Read more »


Foodpanda revisits India strategy in order to bolster local business

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Online food ordering company Foodpanda is revisiting its India strategy by outsourcing delivery and is also looking to start its own kitchen, a comparatively higher-margin business, as it seeks to bolster its local business. After being hammered by several issues related to fraud and systemic failure and a senior management… Read more »


India: Sequoia-backed fashion app Voonik acqui-hires men’s fashion curator Getsy

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In a bid to launch its men’s fashion app, the personalisation-focussed fashion marketplace Voonik has acqui-hired Getsty, a curator of personalised fashion for men. The financial details of the deal were not disclosed. Through the acquisition Sequoia-backed Voonik plans to leverage Getsy’s existing customer base, its supplier network and its highly… Read more »


Uber kick-starts motorbike taxi service with Bangkok as global launch pad

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Bangkok was chosen as the first city globally for their pilot scheme since ‘moto-taxis’ were “already part of the transportation fabric in Thailand.


Japan’s Rakuten to exit Thailand’s ecommerce co Tarad.com in Feb

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Rakuten earlier announced that it is shutting down its e-commerce marketplaces in Singapore, Malaysia and Indonesia from March 1.


India: AskmeBazaar in talks with Chinese giants Alibaba, Baidu to raise $200m

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Online marketplace AskmeBazaar, run by Getit Infoservices, is in talks with Chinese giants Alibaba Group and Baidu  to raise nearly $200 million in its next round of funding, according to a Business Standard report quoting an unnamed source. AskmeBazaar, which counts Malaysian billionaire T Ananda Krishnan’s Astro Holdings as the principal investor, plans to raise the next… Read more »


India: Food-tech startups shift strategy, target institutional customers to improve margins

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The pressure to become profitable may be responsible for this shift of focus.


India: Rocket Internet in talks with Future Group to sell furniture e-tailer FabFurnish

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If the talks with the Future Group are successful, it will also be the first acquisition of an online retail business by Biyani, an outspoken critic of the country’s e-commerce industry.


Last-minute booking startup HotelQuickly acquires Japan’s Tonight

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With the acquisition of Tonight, HotelQuickly has expanded its footprint to 16 countries and added another 400 hotels to its roster.