By Aastha Maheshwari
The two firms have applied to Bank Indonesia for an e-money licence.
Flipkart raised nearly $3 billion in 2017 from Japan’s SoftBank Group Corp., China’s Tencent Holdings Ltd, eBay Inc. and Microsoft Corp.
The acquisition is seen as a shortcut for Didi to jumpstart its own bike sharing business.
Fidelity and T Rowe Price-backed Deliveroo is in the process of hiring a country head along with setting up a full-fledged team.
Malaysia will be the first overseas market for the South Korean startup.
The online retailer looks to invest heavily in technology and new categories such as groceries as part of a broader strategy to maintain its market-share edge over rival Amazon India.
Ctrip and WeChat owner Tencent will become major shareholders of the new entity after the merger.
The investor group which also includes Dragoneer Investment, TPG, Tencent Holdings and Sequoia Capital will own 17.5 percent of the startup.
The net book value of Xchange Leasing’s more than 30,000 vehicles was roughly $400 million.
Russia’s food-delivery market is estimated to be worth $1.3 billion.