By Aastha Maheshwari
The startup raised over $10 million in its pre-Series B round from Indonesian unicorn GOJEK and others in April 2018 at a valuation of $100 million.
Yayvo, Pakistan’s second-largest online retailer, is planning to bring in new investors amid competition from Alibaba Group Holding Ltd.
Paytm’s growing losses were attributed to the parent’s emphasis on aggressive expansion to take on bigger rivals in the e-commerce space such as Amazon and Walmart-Flipkart.
Hopscotch has reportedly appointed Barclays as the investment banker to raise around $60 million.
LinkAja, set to be launched in early March, will be a server-based e-money service which merges the existing e-wallet platforms of telco firm Telkomsel, and lenders Bank Mandiri, BRI and BNI.
The two firms are already battling in Brazil, where Didi bought local start-up 99 in January last year, and Mexico.
Bukalapak CEO drew the ire of Jokowi’s supporters for a Twitter post that said the government was spending too little on R&D, and suggested that a new president might do a better job of beefing up the budget.
The additional capital from new investors would take the total haul from the current round to around $3 billion.
Pine Labs is in advanced talks to close a funding round of around $75 million from existing investors including Temasek and PayPal.
The higher borrowing limit helps Paytm secure capital for everyday operations amid tight liquidity conditions in the market.