PolicyBazaar unit DocPrime sets aside $15m to invest in preventive healthcare

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DocPrime received an initial internal funding of $50 million from parent company PolicyBazaar Group in September this year.

India: Online pharmacy startups see funding frenzy, ripe for consolidation

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PharmEasy, 1mg, Netmeds and LifCare, are racing ahead of the pack by raising large sums of capital and putting pressure on their peers to either keep raising cash or sell out.


Meituan Dianping to partner Luckin Coffee for delivery services in China: Report

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This news comes shortly after Ele.me, Alibaba’s food delivery arm, announced a similar tie-up with Starbucks in August.


Go-Jek’s SEA expansion had no impact on our numbers, says Grab exec

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Its ride-hailing rival Go-Jek has been revving up its overseas presence after Grab announced the acquisition of Uber’s Southeast Asia business in March this year. Apart from its Indonesian home base, Go-Jek is now also present in Singapore, Vietnam and Thailand.


Cash-strapped Ofo faces irate customers demanding refunds

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Chinese media reports said about 10 million Ofo users are still awaiting refunds that are likely to total over $145 million.


APAC Digest: NZ-based LearnCoach gets $1.5m; Myanmar’s Greenovator bags grant

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New Zealand-based online education platform LearnCoach has secured $1.5 million in seed funding while Myanmar agri-mobile platform Greenovator has snagged a six-digit grant from the GSMA Ecosystem Accelerator Innovation Fund.


Ola makes $100m strategic investment in scooter-sharing startup Vogo

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The investment effectively signals Ola’s entry into the bike-sharing space.


Indonesia’s traveltech unicorn Traveloka said to have acquired three regional rivals

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The three traveltech startups are Indonesia’s PegiPegi, Vietnam’s MyTour and the Philippines’ TravelBook. All three are subsidiaries of Japanese tech company Recruit Holdings.


Uber rival Careem launches delivery service, expects to close funding round soon

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It plans to spend over $150 million developing the delivery business, starting with food, in Dubai and Jeddah.


Uber hails UK govt plan to protect gig economy even as labour unions reject move

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Firms like Uber and Deliveroo have been criticised for hiring workers on a self-employed basis, which means they are not entitled to many workplace rights.