By Salman S.H
The acquisition comes just a month after Swiggy launched Access kitchens in Bengaluru under the new supply vertical.
The latest developments in the consumer internet space in Indonesia has seen ride-hailing transportation app Grab and its Indonesian unit Kudo form a strategic partnership with mobile payment and transaction app PayTren to further penetrate the country’s middle-class market segment, while digital solutions provider M Cash Integrasi has launched a partnership program… Read more »
Over 3,000 existing and former employees of Flipkart, Myntra, Jabong and PhonePe had participated in the share buyback
The investors include its Hong Kong-listed parent firm Kingsoft, Liyue Investment and China Minsheng Investment.
The region will be home to an estimated 330 million monthly active internet users by 2017-end.
The round was joined by General Atlantic, Chinese PE firms Ocean Link and Hopu Investment, and VC fund Yuantai Changqing.
Starting with Hello Cabs’s operation in 2014 and Oway Ride’s launch in 2016, Yangon is also the battle field of global rivals Grab and Uber who hit the road in early 2017.
“We believe ride hailing, or a version of it, is the best way to build public transport today,” Mudassir Sheikha said in an interview in Dubai, where Careem is based.
Sheffield’s ruling follows a similar decision made by London’s transport regulator, which proposed Uber be banned from the capital because of safety concerns.
Alibaba is taking a stake of about 25% in Bigbasket after months of negotiations.