Accelerators & Incubators
Policy & Regulation
Lightbox Ventures Leads $8m Series A in Indian App-Based Bus Service Provider Cityflo
The firm will soon launch a facility for bus drivers to park their vehicles and rest.
Vietnam’s beGroup Partners Comfortdelgro’s Local Unit to Launch Betaxi
beGroup said, in a statement, the new service will help facilitate the transportation needs in peak hours when customers usually face a low possibility of successfully booking rides.
Pakistan’s Airlift Raises $10 Million in Fresh Funds, Expands into Grocery Delivery
Airlift enables users to book rides on premium quality buses that have fixed routes, stops, and times, in Lahore & Karachi.
Matatus take up mobile payments in bid to limit the spread of COVID-19
Matatus, Kenya’s public service vehicles have been urged to take up mobile payments starting from Nairobi, in a bid to limit the spread of the Coronavirus from cash payments.
Japan's Marubeni Backs Airplane Parts Marketplace ePlane in $9 Million Round
On ePlane's marketplace, users can search for aircraft parts and repair services, compare prices, and communicate with vetted sellers and buyers.
Intercity transport startup gogoBus raises investment from ixigo, others
With this funding, gogoBus has launched operations on multiple routes in North India. The startup will also be expanding its product and technology team.
Bus aggregator startup Shuttl raises Rs 57 Cr from SIG Global India Fund
In 2019, the Gurugram-based startup had raised about Rs 128 crore from Japan’s SMBC Trust Bank and Toyota Tsusho Corporation.
Shorooq Partners leads seed round for QuickBus
The startup currently operates in Kenya, Uganda, and Angola.
China Railway Corp
State-owned China Railway Corp’s high-speed rail unit kicks off IPO process
The operator of China’s high-speed rail line between Beijing and Shanghai kicked off its initial public offering, which will for the first time allow investors to buy shares in what is the world’s largest such network.
79 mln air passengers expected in 40-day Spring Festival travel rush
Railway passengers are expected to hit 440 million during the Spring Festival travel rush, up 8 percent year on year, according to the China State Railway Group Co., Ltd.
IFC-backed TruKKer launches in Egypt after strong presence across GCC
TruKKer started B2B operations in the United Arab Emirates (UAE) in January 2018 and has since expanded to all Gulf Cooperation Council (GCC) countries and Jordan.
Egypt’s Trella acquires local rival Trukto to create country’s largest trucking marketplace
The startup aims to leverage the acquisition to accelerate its growth strategy in the Middle East and North Africa.
Congestion Tax Is the Best Solution for Tel Aviv Traffic, Says OECD
An OECD report commissioned by the Israeli finance ministry says congestion charges could help boost the economy and support better public transportation.
Oman's eMushrif acquires Kuwait's My Route
My Route will merge with eMushrif and be the operational arm in Kuwait.
Myanmar based trucking startup Kone Si gets additional funding for nationwide expansion
Yangon Capital Partners (YCP), a Myanmar-focused venture capital under Trust Venture Partners, a local financial advisory firm, and Vietnam based Nest Tech invested in Kone Si.
Bengaluru-based Transport startup PiggyRide raises $1.05Mn(Rs 7.5 Cr) from JAFCO Asia, angel investors
The Bengaluru-based startup will launch services in Delhi-NCR this month. In the next six months, PiggyRide aims to touch 5,000 rides a day with a presence in three cities.
Bengaluru-based Shuttl Raises $42 Mn From Toyota Group, SMBC Trust Bank
Shuttl provides an app-based office shuttle service in seven metropolitan cities — Kolkata, Hyderabad, Pune, Mumbai, Delhi-NCR, Bengaluru, Chennai, and Jaipur.
An End to Traffic Jams? It Might Not Be a Dream
Three new technologies could end the nightmare of commuting.
by Edmund Andrews
Indian Railways Now Enables QR-Code Based Ticket Booking
Indian Railways has been on the digitisation path for decades and was one of the first government agencies to take its operations online through IRCTC.
Hyderabad-based Employee transportation startup WhistleDrive raises Rs 72 Cr from Colosseum Group
Hyderabad-based WhistleDrive, an employee transportation startup, on Thursday announced it has raised Rs 72 crore from Chicago-based Colosseum Group.
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