SuperAgent portal will help OYO to curate an inventory of pre-registered and verified offline travel agents.
India Digest: OYO’s portal for travel agents; Paytm to launch ad platform
Editor’s Take: The week that was – October 14-18
India’s Cipla buys novel anti-infective drug Elores from Venus Remedies
India: L&T to acquire partner in L&T IDPL, make it fully-owned arm
Chinese firm TikTok ropes in Nikhil Gandhi as India head
Singapore’s Temasek mulls setting up new renewables-focused unit
Bukalapak said to have held merger talks with Alibaba-backed Lazada
Indonesian edtech startup Zenius eyes $20m funding, in talks with Northstar
Ant Financial-backed BAce leads Series A funding in Indonesian proptech startup RoomMe
Singapore: Insignia Ventures Partners raises $200m for second fund
The new figure is a fraction of the $47 billion valuation the startup commanded as recently as January.
The positioning service provider was set up in 2015 by Alibaba and Norinco Group, a Chinese defence corporation.
Bukalapak recently closed Series F financing backed by South Korea's Shinhan GIB and Indonesia's Emtek at a $2.5 billion valuation.
Companies such as Bharti Airtel, RIL, Accenture, Microsoft, SAP and Google are nurturing startups in India.
Didi has waged an aggressive expansion campaign in Latin America.
Rest of Asia
Canva raised $85 million in its latest funding round led by Mary Meeker's Bond Capital.
SoCash has forayed into the foreign exchange market with plans of a global partnership with JCB.
Quikr has so far raised more than $440 million from investors such as Warburg Pincus, Tiger Global, and Norwest Venture Partners.
Part of Cool Japan's infusion will go toward Go-Jek's video and music streaming service for mobile users.
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