By Anirban Sen
Ola has obtained licences to operate in South Wales and Greater Manchester, and it will also launch operations in South Wales within the next month.
Nandan Nilekani has backed ShopX from its early days with a personal investment of more than $18 million.
The telecoms and technology firm’s profit was also bolstered by the sale of the majority of chip designer ARM Holding’s Chinese operations to a local consortium.
It comes as Didi is preparing for a blockbuster IPO, which could happen as early as next year
Known as PDD, shares of the online bazaar soared 41% on its first day of trading in New York after raising $1.63 billion in the fourth-largest U.S. IPO this year.
Besides Toyota which pumped in $1 billion recently, investors include Oppenheimer Funds and Ping An Capital.
The funding will come from parties including U.S. investors and strategic backers
Go-Jek plans to expand into Thailand in September and the Philippines before the end of this year.
Pretr’s technology platform helps retailers with order management and store analytics.
A national regulator for e-commerce, mandatory data localization and tax sops for data centres are part of an upcoming legislation governing all aspects of electronic commerce in the country, the draft of a national policy showed.