Grab ‘extremely confident’ about resolving Singapore competition watchdog’s concerns

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Last week, the Singapore Competition and Consumer Commission had said that it had found evidence that the Grab-Uber merger has substantially lessened competition.

Grab launches grocery delivery service, to cross $1b in revenues this year

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The ride-hailing major said it crossed 2 billion rides this month. 


Uber, Alphabet join bike-sharing startup Lime’s $335m funding round

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The investment round was led by GV, formerly Google Ventures, and the other new investors included IVP, Atomico and Fidelity Management and Research Company. The latest investment round values California-based Lime at $1.1 billion.


Paytm exceeds $4b in monthly gross transaction value

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While GTV is not a true indicator of a company’s health, it does reflect the high adoption of Paytm as a payments platform in the country.


Careem said to allocate $150m for food delivery biz launch

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Careem, the main Middle East rival of Uber Technologies, has been trialing food delivery services after announcing in February it had acquired regional online restaurant listing platform RoundMenu.


Asiatravel.com suspends trading as going concern risk flagged

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Asiatravel.com said its board recommended that its share trading be suspended immediately given the ‘‘dynamic situation.”


Temasek, Info Edge co-invest $27.6m in PolicyBazaar parent

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The investment is likely a part of the $200 million funding round Policybazaar raised last month.


iflix says to raise at least two more funding rounds before considering IPO

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iflix last raised $133 million in September 2017 in a round led by US-based Hearst Communications and Singapore-based EDBI as well as clients of DBS Private Bank.


China’s Mobike to refund user deposits in effort to win market share

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Mobike is making the moves as it fends off rivals backed by Alibaba Group Holding Ltd. and Ant Financial.


Singapore says Grab-Uber merger hurts competition, proposes penalties

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Grab has said CCCS’ provisional decision and proposed remedies are “overreaching”.