Adding to Uber’s woes, Philippine court halts ride-sharing services in Manila

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A Philippine court on Friday ordered a 20-day temporary halt on the operations of ride-sharing companies

Ola, Didi Kuaidi, Lyft, GrabTaxi in formidable global alliance to take on Uber

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Customers will be able to use the apps of the 4 online taxi firms when in India, China, the US, Singapore and Southeast Asia


Supply chain firms face fund drought as Indian food tech valuations hit roof, says Hemendra Mathur, SIIA

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India’s online grocery delivery apps, which started a year ago, have raised funding at high valuations. While they are enjoying a time of plenty, smaller companies in the food supply chain found their funding was drying up. “When we do deals with companies in the food supply chain, the valuations are… Read more »


Singapore-based YiLinker expands in SEA with $6m investment in PH

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Singapore-based e-commerce startup YiLinker debut on Wednesday its first Southeast Asia expansion with the formal launching of YiLinker Philippines with $6 million investments in the pipeline.


Rocket Internet launches online hotel booking site Jovago in Myanmar

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Expanding its internet business footprint in Myanmar, Rocket Internet launched its online hotel booking venture Jovago.com. Jovago.com is an online hotel booking service with operations in Africa and Asia. Mainly targeting local travellers, Jovago has established a team that will help people book hotels featured on their website. “Myanmar is a great… Read more »


India: Flipkart losses mount to $303m in FY15 as it burns cash in a high-stake market place battle

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The current Rs 2000 crore loss is almost three times more than Rs 715 crore loss registered last year


Singapore’s PropertyGuru unit buys out Indonesia realty portal RumahDijual

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This comes on the back of its recent acquisition of project marketing solution, ePropertyTrack, in July.


India: FlipKart picks minority stake in MapmyIndia; Early investors Nexus, Lightbox exit

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India’s largest e-commerce firm Flipkart has bought a minority stake in digital maps provider MapmyIndia to improve its supply chain efficiency. The companies didn’t disclose the financial details of the deal. Flipkart will license map data and location technologies from MapmyIndia (promoted by CE Info Systems Pvt. Ltd) and deploy… Read more »


German startup N26 building first pan-European mobile phone bank

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“I don’t see banks at all as my competitors. They just can’t move fast enough,” N26 CEO Valentin Stalf says.


Indonesia Dealbook: Travel portal Gogonesia eyes $500k fundraise; Mataharimall launches mobile app

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In developments related to e-commerce businesses in Indonesia, MatahariMall.com (MatahariMall), funded by the Lippo Group, launches its mobile app while online tourism start-up Gogonesia is looking to raise up to $500,000 next year to expand its business. Mataharimall launches mobile app  MatahariMall has launched its mobile app to provide a seamless shopping experience to customers…. Read more »