The HK travel unicorn in April secured $225 million in an extended Series D led by SoftBank Vision Fund, closing the round at $425 million. The Series
“There are so many players out there [in China]..we just need to survive and be a big fish in a small pond,” Lam said.
Astra International has previously invested $250 million in two tranches in ride-hailing unicorn GOJEK.
GOJEK is said to be targeting multiple closes till early next year to close the ongoing round.
Earlier, Swiggy launched 'Swiggy Daily', an app to give consumers access to a variety of simple homestyle meals.
IPOs & Markets
Oyo has not decided on the exchange on which it intends to list its shares but likely to choose an overseas destination.
Over 1,000 people will be hired for B2B in auto loans, finance, and channel sales functions.
In March, Rebel Foods had raised $16 million led by Sequoia Capital and Lightbox Ventures.
The winner of 'Visa Everywhere Initiative' will receive $24.773.
Missfresh, which also counts Goldman Sachs and Tiger Global as backers, is looking to fetch a valuation of at least $3 billion.
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