Swiggy clocks 1.4 million food orders daily across India, compared with 700,000 orders per day a year ago.
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
India: Swiggy eyes 100m customers using its app over 15 times a month in 10-15 yrs
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 top deck appointments come at a time when the troubled company restructures its operations.
E-commerce giant Amazon has launched its global selling programme in Vietnam to enable local businesses to sell globally.
Capital Float has raised over Rs850 million ($12 million) in debt so far this year.
Bukalapak recently closed Series F financing backed by South Korea's Shinhan GIB and Indonesia's Emtek at a $2.5 billion valuation.
Mingyi Zhonghe, a digital health platform targeting rural areas, has raised $14-million Series B round led by Sinovation Ventures.
Qutoutiao remains the majority shareholder after the transaction.
The Pakistani startup had raised nearly $1 million in pre-Series A funding from 500 Startups in April this year.
Yummy Corp is an affiliate of Indonesia’s food & beverage and entertainment major Ismaya.
Didi has waged an aggressive expansion campaign in Latin America.
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