By Juliet Shwe Gaung
‘GrabShuttle’ is among the four new services that Grab plans to introduce in 2019 in Myanmar.
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.
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.
The sanction comes around four months after the first course of action the PCC had taken against Grab Philippines and Uber.
It raised $1.1b in 2017 and another $1.1b from Alibaba and SoftBank Vision Fund last year.
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.
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.
The fresh round of funding was joined by existing investors Skycatchr, AdvantEdge and Astrac Ventures.
It plans to use the funds to expand its network of kitchens from 200 to 500, and to enter markets of Dubai and Indonesia.
Africa’s biggest company by market value bought out minority shareholders in Avito BB through its classifieds business OLX Group.