Grab to launch shuttle bus services in Yangon this year

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‘GrabShuttle’ is among the four new services that Grab plans to introduce in 2019 in Myanmar.

Grab

Decoding Bukalapak’s $1.2b valuation math and performance metrics

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DEALSTREETASIA takes a look at its estimated valuation and financial performance metrics to see how it compares with peers such as Sea Ltd’s Shopee and others.


HK-based food delivery startup Plum ceases operations in Singapore

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Plum’s closure highlights stiff competition in Singapore’s food delivery market, which has several players battling for market share such as GrabFood, FoodPanda, Deliveroo and Honestbee.


Philippine antitrust watchdog slaps second fine on Grab

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The sanction comes around four months after the first course of action the PCC had taken against Grab Philippines and Uber.


2018 fundraising was opportunistic, yet to spend 2017 funds, says Tokopedia exec

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It raised $1.1b in 2017 and another $1.1b from Alibaba and SoftBank Vision Fund last year.


Snapdeal endorses India’s latest e-commerce curbs

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India will from Feb. 1 impose restrictions on how e-commerce firms operate, including barring them from selling products from firms in which they have an equity interest.


Singapore proposes tighter regulations for ride-hailing firms

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According to the Land Transport Authority of Singapore (LTA), ride-hailing apps provide the same services as taxi operators but do not face the same oversight as these players.


India’s bike taxi startup Rapido raises $10m round led by HK’s Integrated Capital

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The fresh round of funding was joined by existing investors Skycatchr, AdvantEdge and Astrac Ventures.


Faasos parent looks to raise up to $150m to scale up operations

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It plans to use the funds to expand its network of kitchens from 200 to 500, and to enter markets of Dubai and Indonesia.


Naspers steps up exposure to Russian e-commerce by buying out Avito

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Africa’s biggest company by market value bought out minority shareholders in Avito BB through its classifieds business OLX Group.