Accelerators & Incubators
Policy & Regulation
Didi-Backed Estonian Ride-Hailer Bolt Launches in Thailand
“Our experience in Europe and Africa has proven that ride-hailing is not a winner-takes-all market.” Bolt said in a statement.
India's Swiggy Fires 350 Employees, Says Business Is Still Down 50 Percent
Swiggy further said the exit package for laid off employees includes a minimum of 3 months to 8 months of salary based on tenure.
Indian Saas Unicorn Freshworks Bags $85 Mn from Steadview Capital
Freshworks had then highlighted that the funding will be utilised to create a more cohesive SaaS platform for all key business verticals — marketing, sales, support and customer success.
China’s Ant to Go Public in Dual Shanghai-Hong Kong Listing
It is the world's largest so-called "unicorn" company, with a reported valuation of $150 billion.
Jon Sheppard, CTO of Gojek’s Financial Arm, Announces Departure
Per his Linkedin post, Sheppard is understood to have taken up a new role as the CTO for Pakistan-based fintech firm Sadapay.
ByteDance First Quarter Revenues up 130% with Annual Target Half Tencent’s 2019 Earnings
TikTok’s owner set an annual revenue goal of RMB 200 million, while more than 80% of its 2019 revenue was from online advertising.
Postman Joins India’s SaaS Unicorn Club With $150 Mn Series C Round
At a $2 Bn valuation.
ByteDance’s Market Capitalization Hits Between USD 100 Billion and USD 140 Billion
The firm’s value has risen more than a third within two years.
Tencent-backed Chinese Fitness App Keep Enters Unicorn Club after $80m Series E
The Series E round represents the seventh funding round raised by Keep in the last six years and brings its aggregate fundraising amount to $267 million.
Top 10 Chinese Unicorns in 2019: Tiktok's Parent Company ByteDance Ranks 2 with Value of $75 Billion
China took second place in the world for its number of unicorn companies.
United Arab Emirates
Bayut & Zameen Parent EMPG Raises $150 Million at A Valuation of Over $1 Billion
EMPG will operate existing OLX platforms in Egypt & Lebanon, and roll out new services for the real estate community.
China-based Kuaishou Invests USD 30 million in Online Education Startup Huohua Siwei
Huohua Siwei is currently in the middle of a new financing round, aiming to raise between USD 100 million and USD 150 million.
gojek’s senior management donates 25 per cent of annual salary to pandemic affected partners
The capital in the support fund will come from 25 per cent of the senior management and co- CEOs’ annual salary
Grab launches grocery service GrabMart in Vietnam
GrabMart allows users in the southern city to order fresh and processed food and drinks from its merchant partners, including supermarkets, convenience stores and food retailers.
India’s unicorn Oyo adds US$807M Series F after announcing restructuring plans
Since 2012, OYO has expanded to 800 cities in 80 countries, including the US, the UK, and the Middle East, and some European countries.
gojek reportedly lays off employees: report
gojek has reportedly laid off employees in the mid to lower level positions, as the Indonesian ride-hailing giant continues to focus on efficiency and profitability
Grab-IMDA partnership aims to help Singaporean startups expand overseas
Grab-IMDA partnership encourages global expansion for Singaporean startups, foodpanda embraces contactless delivery in today's afternoon news.
Gojek reportedly raises USD 1.2 billion
The new investment brings the company’s funds raised in its current financing round to just under USD 3 billion.
New Energy Vehicle
Ola Electric Mobility
Hero MotoCorp’s Pawan Munjal invests $1M in Ola Electric in Series B round
Ola Electric is running several pilot programmes on electric mobility solutions in Bengaluru, Gurugram, and Nagpur.
Grab enters into payments partnership with Germany’s Wirecard
According to a statement, the partnership will initially focus on transactions in Malaysia, the Philippines and Singapore.
Volanews 2018–2019 Guangzhou Vola Information Technology Co., Ltd. All rights reserved.