India: SoftBank-backed Ola launches UK operations to take on Uber globally

By
Posted

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.

Indian B2B e-commerce startup ShopX raises $35m from HK’s Fung

By

Nandan Nilekani has backed ShopX from its early days with a personal investment of more than $18 million.


SoftBank’s Q1 profit soars 49% on the back of Flipkart divestment

By

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.


Didi Chuxing to invest $1b in its auto services platform

By

It comes as Didi is preparing for a blockbuster IPO, which could happen as early as next year


China to probe US-listed shopping app Pinduoduo over fake goods

By

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.


SE Asia’s Grab closes $2b funding round, doubles down on Indonesia

By

Besides Toyota which pumped in $1 billion recently, investors include Oppenheimer Funds and Ping An Capital.


SE Asia’s Grab set to announce fresh $1b funding for payments push

By

The funding will come from parties including U.S. investors and strategic backers


Go-Jek kicks off operations in 12 districts across Ho Chi Minh City

By

Go-Jek plans to expand into Thailand in September and the Philippines before the end of this year.


India: Myntra adds Pretr to its cart to expand across channels

By

Pretr’s technology platform helps retailers with order management and store analytics.


India mulls having a national e-commerce regulator

By

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.