SoftBank’s Vision Fund companies are heading to SE Asia via Grab, says Ming Maa

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He said, it is part of the core strategy with SoftBank – which is creating a “unicorn farm” by taking the unicorns to the region through Grab’s platform.

Grab president Ming Maa

Lyft invites bank pitches for underwriting 2019 IPO

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Lyft was valued at $15.1 billion in a private funding round announced in June. The company raised $600 million in a round led by Fidelity Management & Research Co.


Geely, Daimler in talks to launch ride-hailing services in China

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The fresh competition comes at a time when Chinese ride-hailing company Didi is facing unprecedented regulatory scrutiny in China as well as cash-draining initiatives to fend off rivals like Meituan Dianping.


Sumitomo’s Indonesia arm nears deal to pick stake in Mandiri Capital-backed Cashlez

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The upcoming funding round will give Cashlez additional firepower to fight off increasing competition in the mPOS space.


SoftBank nearing deal to invest $500m in ride-hailing firm Grab

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The investment is part of the roughly $1 billion that Grab is seeking to complete an ongoing $3-billion funding round.


Indonesia’s KinerjaPay buys digital payments firm Mitra Distribusi Utama

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Earlier this year, the company acquired Kinerja Indonesia, whose line of businesses includes data center, web hosting and development, network solutions, e-wallet and games.


Indonesia seeks to improve tax compliance in e-commerce industry

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Tokopedia and Bukalapak will be among e-commerce firms which will ask sellers for identification numbers to operate on their platforms


Traveloka said to be raising $400m in GIC-led round, doubling valuation to $4.1b

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Traveloka is said to use proceeds from the latest round to expand beyond airline tickets and hotel bookings to activities such as concerts and amusement parks.


India: Delhivery may win unicorn tag with likely $250m funding from SoftBank

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SoftBank Vision Fund is reportedly evaluating Delhivery at a post-money valuation of around $1.2 billion.


Grab partners Fave to accelerate payments, food delivery biz in SG, MY

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Grab sees strategic partnerships as a key part of its strategy to build new business areas and deepen existing ones.