India
The development comes ahead of the company’s merger with upGrad.
1
SK Hynix joins $1t club after Samsung, Micron on AI chip boom
2
AustralianSuper names Shaun Manuell as its next CIO
3
India: Growth-stage VC Physis Capital makes final close of debut fund at $42m
4
Vietnam's Pharmacity secures growth capital from LeapFrog Investments
5
HK watchdog raids local units of two Chinese brokerages
More Stories
Australian govt’s impact investment vehicle commits $10m to Do Ventures Fund II
Pacific Channel acquires Singapore-based ENGIE Factory APAC
Indonesian crypto bourse Pintu lays off around 20% of workforce
Stride CEO sees big potential in solar solutions for smaller customers
Private capital sponsors turn inward amid SE Asia’s exit slowdown
Rapido has been valued at $3 billion on a post-money basis.
Greater China
Revenue was buoyed by government subsidies for electronic goods.
Indonesia
Currently, commission taken from drivers for each trip is capped at 20%.
Amid the cheers, the durability of GoTo’s profitability remains the key question.
The round was co-led by Susquehanna VC, Mirae, and BII.
Zomato parent posted a consolidated net profit of $18.4 million for March quarter.
In the archipelago, online grocery adoption is driven less by speed and more by convenience.
The companies fined include Pinduoduo, Meituan, and JD.com.
Thailand and Malaysia led growth with GMV surging 51.8% and 47.6%, respectively.
