U.S. ride-hailing giants Lyft and Uber are going public in the U.S. imminently, but over in Southeast Asia, the two largest on-demand companies are still madly fueling up on investment capital. The latest update to that story today saw Go-Jek, the Indonesian ride-hailing firm aiming to go regional in Southeast Asia, announced that it has […]
View More Go-Jek pulls in $100M more for its massive Series F roundCategory: on-demand services
Investors are pouring money into Latin America’s logistics and shipping businesses
New technology companies are poised to transform the shipping and freight industry across Latin America. Startups like Liftit, a Colombian provider of trucking services, and Nowports, a Mexican freight shipping startup, are angling to be the next Convoy and Flexport — at a time when shipping and logistics business in Latin America is booming thanks […]
View More Investors are pouring money into Latin America’s logistics and shipping businessesUber driven out of Barcelona again
Uber is suspending its professional taxi service in Barcelona from tomorrow almost a year after it re-entered the Catalan capital. The move follows the regional government agreeing new regulations for the vehicle for hire (VTC) sector aimed at making sure they do not compete directly with taxis. “The new restrictions approved by the Catalan Government […]
View More Uber driven out of Barcelona againGrab raises $200M from Thailand-based retail conglomerate Central Group
Grab’s fundraising push continues unabated after the Southeast Asian ride-hailing firm announced that it has raised $200 million from Central Group, a retail conglomerate based in Thailand. Central’s business covers restaurants, hotels and more than 30 malls in Thailand, while it has operations in markets that include Vietnam and Indonesia. Its public-listed holding companies alone are worth more […]
View More Grab raises $200M from Thailand-based retail conglomerate Central GroupSoutheast Asia’s Grab is adding Netflix-like video streaming to its ride-hailing app
Grab is Southeast Asia’s top ride-hailing firm thanks to its acquisition of Uber’s local business last year. Its biggest competitor gone, the company is on a push to go beyond transport and become an everyday ‘super app’ and that strategy just embraced video streaming today. That’s because Grab is integrating video-on-demand service HOOQ — a […]
View More Southeast Asia’s Grab is adding Netflix-like video streaming to its ride-hailing appLetsTransport raises $13.5M to digitize and improve last-mile logistics in India
India’s B2B supply chain is slowly shifting into the digital era. Following a $23 million investment for Moglix, which helps bring business and manufacturing procurement online, LetsTransport, a startup that brings increased efficiency to logistics and business transportation, has raised $13.5 million for growth. Founded in 2015 by IIT Kharagpur graduates Pushkar Singh, Sudarshan Ravi and […]
View More LetsTransport raises $13.5M to digitize and improve last-mile logistics in IndiaIndia’s Drivezy raises $20M for its on-demand vehicle rental service
It’s been a year for on-demand services in India. Drivezy today became the latest to refuel after it raised a $20 million Series B. The round was led by existing investor Das Capital, with participation from automotive giant Yamaha, Axan Partners and IT-Farm. The deal takes Drivezy, which was formerly known as JustRide, to $31 million raised to date. In addition, […]
View More India’s Drivezy raises $20M for its on-demand vehicle rental serviceThe next big restaurant chain may not own any kitchens
If investors at some of the biggest technology companies are right, the next big restaurant chain could have no kitchens of its own. These venture capitalists think the same forces that have transformed transportation, media, retail and logistics will also work their way through prepared food businesses. The Battle Is For The Customer Interface Investors […]
View More The next big restaurant chain may not own any kitchensGo-Jek plans to raise $2B more for Southeast Asia ride-hailing battle
Indonesia’s Go-Jek is planning to raise $2 billion from investors to fuel its ride-hailing battle with Grab in Southeast Asia. Go-Jek raised $1.5 billion earlier this year from investors that include Chinese trio Tencent, Meituan and JD.com, as well as Google, Allianz and Singapore sovereign fund Temasek. Now it is planning to raise a further […]
View More Go-Jek plans to raise $2B more for Southeast Asia ride-hailing battleLatin America is the next stage in the race for dominance in the ride-hailing market
Nathan Lustig Contributor Nathan Lustig is an entrepreneur and managing partner at Magma Partners, a seed-stage investment fund in Santiago, Chile. More posts by this contributor Latin America’s Groupon Mafia A new era for startup investing in Latin America As the number of competitors in the ride-hailing industry dwindles, geographic expansion is emerging as the […]
View More Latin America is the next stage in the race for dominance in the ride-hailing marketAlibaba confirms it raised $3B for its newly consolidated local services business
Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently acquired. The company said it put the capital into the business alongside SoftBank, according to a note within its financial results that were released today. […]
View More Alibaba confirms it raised $3B for its newly consolidated local services businessChat app Line to launch crypto exchange in July but it won’t cover US or Japan
Messaging app firm Line has confirmed it will launch a cryptocurrency exchange called BitBox next month. The company said back in January that it planned to enter the crypto space with an exchange, but today it said that the BitBox service won’t be available for users in the U.S. and Japan — that’s presumably down […]
View More Chat app Line to launch crypto exchange in July but it won’t cover US or Japan