Uber has brought its rides and food delivery businesses in India under Uber India Systems Pvt Ltd, a private LLC set up in India.
If the funding goes through, Ant Financial will become the largest shareholder in Zomato with 29 per cent stake.
With One, founder Chatri said that he wanted to bring MMA back to its roots in Asia.
An IPO will help many of its investors including SoftBank to exit or partially sell their stakes.
The app, called Uber Works, has started operating in Chicago.
Zomato claimed in its report that EBITDA loss for H1FY20 was 40% lower in September 2019 compared to March 2019.
ByteDance, which was loss-making in the first-half, also posted a profit in June.
The PayLater Card is one of several initiatives under Traveloka's growing financial services arm.
Rivigo, that raised $4.9 million from South Korea's KB Platform Fund this year, is now valued at $1.05 billion.
With the launch, the startup is set to take on US streaming giant Netflix, among others.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in a
rapidly evolving landscape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more.
Be a part of our growing community now.