Go-Jek said to enter Singapore this week to take on Grab on its home turf

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Go-Jek’s beta app will be available to a limited number of consumers before expanding to a wider population.

India: Local language news aggregator Dailyhunt looks to raise $100m funding

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Dailyhunt raised over $6 million in a bridge round of funding in September but is now looking for fresh capital to build a war chest as it takes on newer, well-funded companies such as Tencent-backed NewsDog, Shunwei Capital-backed Sharechat and Toutiao’s Helo.


Chinese transport ministry fines Didi executives in crackdown on illegal practices

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The ruling is part of an investigation that followed the deaths of two female Didi passengers in separate incidents earlier this year.


Sequoia-backed bike sharing startup Bounce buys Ofo’s India assets

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Around 5,000 cycles belonging to Ofo India were rebranded into Bounce as part of the transaction.


India: Logistics startup BlackBuck eyes unicorn tag; looks to raise up to $250m

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The company has so far raised over $100 million from investors including Accel Partners, Sands Capital and Tiger Global.


PayPal said to be in talks to join Grab’s $3b funding round

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Grab has so far raised over $2.75b from Toyota, Hyundai, OppenheimerFunds, Microsoft, Booking, Kasikornbank and UOB.


Dubai listings site Property Finder snags $120m in General Atlantic-led round

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The proceeds will also be used to expand the brand in its existing markets of Saudi Arabia, Egypt, Turkey, the UAE, Qatar, Bahrain, Lebanon and Morocco.


IFC to invest $40m in Tencent & KKR-backed PH fintech firm Voyager Innovations

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IFC’s investment brings Voyager’s total funds raised to $215 million and closely follows the $175-million funding round led by KKR and China’s Tencent Holdings.


Go-Jek’s structure and shareholding revealed in leaked info

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Alongside CEO Makarim, the information shows that Go-Jek has six other executives on the board of directors.


India: Urban Ladder eyes more funding, aims to turn profitable next year

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The company is planning to raise funds over the next on year to aggressively grow its offline presence by opening more physical stores.