By Ishita Russell
Bounce is reportedly looking to close the entire $50 million round by the end of January next year.
In the first half of this year, the company has done about $750 million in deals, and there are some near-term opportunities, Naspers CFO said.
Naspers has transformed itself from a newspaper publisher into a $87 billion empire, thanks to its one-third stake in tech giant Tencent. But the stake is also a headache as it dwarfs Naspers’ own market capitalisation by 40%,
Grab Vietnam country head Jerry Lim said the ride-hailing startup is optimistic that both parties will ultimately find a win-win solution that can best serve the interests of the Vietnamese.
Earlier this week, Barclays Plc said in a report that Amazon India recorded gross sales of $7.5 billion in the year ended March 2018, compared with Flipkart’s standalone gross sales of $6.2 billion. The report has raised questions on Walmart’s assertion of Flipkart’s dominance in India.
The rise of e-commerce giants Amazon Inc. and Flipkart Online Services Pvt. has also stoked the need for seamless, last-mile delivery of goods.
Go-Jek said that the launch of beta version is part of the company’s efforts to ensure a “smooth entry into Singapore”.
Bukalapak co-founder and president Muhamad Fajrin Rasyid answers questions about Indonesia’s crowded e-commerce market, fundraising, potential listing plans and profitability.
The funds will be used for technological development and expanding into new categories such as beauty and personal care.
Go-Jek’s beta app will be available to a limited number of consumers before expanding to a wider population.