By Yogendra Kalavalapalli
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 »
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 »
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 »
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 »
Bangkok was chosen as the first city globally for their pilot scheme since ‘moto-taxis’ were “already part of the transportation fabric in Thailand.
Rakuten earlier announced that it is shutting down its e-commerce marketplaces in Singapore, Malaysia and Indonesia from March 1.
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 »
The pressure to become profitable may be responsible for this shift of focus.
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.
With the acquisition of Tonight, HotelQuickly has expanded its footprint to 16 countries and added another 400 hotels to its roster.