Grab Indonesia bets on hyperlocal strategy with strong customer focus to lead market share

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In a heated race to become Southeast Asia’s super-app, Grab Indonesia managing director Ridzki Kramadibrata said the startup is “on good track” towards achieving that goal.

Singapore: Lazada integrates RedMart, to launch grocery & supermarket operations in March

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The grocery market in Southeast Asia is expected to hit $309 billion by 2021.


India: Zomato in talks to sell UAE unit to Delivery Hero for up to $250m

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Berlin-based Delivery Hero had a presence in India through Foodpanda, which it sold to Ola in December 2017.


Thailand’s Central Group confirms $200m investment in Grab Thailand

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Central Group will acquire a significant non-controlling stake in the Thai entity.


Grab kicks off strategic alliance with UOB, partners Ascendas REIT for new HQ

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Consumers can now apply for a UOB card directly from the Grab app or by scanning QR codes found in Grab cars in Singapore.


Indonesia only scratching the surface in fintech, market remains fragmented

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In the long term, it will create opportunities for consolidation as well as the growth of new niches, investors and founders shared during DEALSTREETASIA’s Indonesia PE-VC Summit 2019 recently.


India: Paytm forays into hotel booking with Nightstay acquisition

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As part of the deal, Nasr Khan, founder and CEO of Nightstay, will lead the hotel booking category at Paytm.


Walmart’s Flipkart asks India to postpone curbs to avoid customer disruption

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India’s new foreign investment restrictions will, from Feb. 1, bar e-commerce companies from selling products from firms in which they have an equity interest.


Grab partners with HOOQ to bring video-streaming to its app

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Its rival, Go-Jek, has been making similar advances in online media. Last year, Go-Jek acquired advertising startup Promogo and was also reported to have invested in Kumparan.


SG ride-hailing app Ryde secures investment from Nomad X

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Ryde has also appointed Nomad X’s director and chief investment officer, Tan Suan Jin, as its chairman.