Truecaller buys Indian mobile payments startup Chillr

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This is Truecaller’s first ever acquisition in the India market. Both companies are backed by common investor Sequoia Capital.

Singapore’s Sea proposes to raise $400m via convertible senior notes

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The company had earlier said it may raise funds to strengthen its balance sheet after its losses tripled in the quarter ended March 2018.


Paytm Mall receives $222m tranche of funding from SoftBank, Alibaba

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With the third tranche of a $445-million commitment from SoftBank and Alibaba in, SoftBank’s Kabir Misra joins the Paytm Mall board, while Michael Evans, president of Alibaba, has stepped down.


Uber’s exit prompts flurry of new entrants in Vietnam’s ride-hailing market

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FastGo, Aber, Vato and Singapore’s MVLchain are some of the new players looking to foray into the market, which is set to see a face-off between Grab and Go-Jek.


Ride-hailing major Grab on track to hit $1bn in revenue this year

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Grab has become the first transportation tech firm in SE Asia to achieve the milestone.


Israel’s ride-hailing app Gett raises $80m from return backer VW, others

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Gett has raised more than $700 million in funding, including $300 million from Volkswagen in 2016.


Exclusive: Vietnamese e-commerce major Tiki to raise Series D, existing backer JD.com may join

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Tiki has hit the fundraising trail barely six months after securing a $44-million Series C investment co-led by China’s second-largest e-commerce firm JD.com.


Go-Jek backers offer $1b in new funding for overseas expansion

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Current backers, including Tencent & Warburg Pincus, have discussed providing more funding to the firm.


India: Cab-hailing service Ola posted 70% jump in revenue to $192m in 2016-17

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The latest numbers indicate that Ola has managed to hold its own against Uber in India over the past 18-24 months.


Ant Financial shifts focus away from finance to tech amid Beijing crackdown

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The move was propelled, in part, by growing regulatory pressure on Ant’s core financial businesses, including payments, micro lending, credit rating and wealth management.