By Aakanksha Ahuja
DocPrime received an initial internal funding of $50 million from parent company PolicyBazaar Group in September this year.
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.
This news comes shortly after Ele.me, Alibaba’s food delivery arm, announced a similar tie-up with Starbucks in August.
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.
Chinese media reports said about 10 million Ofo users are still awaiting refunds that are likely to total over $145 million.
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.
The investment effectively signals Ola’s entry into the bike-sharing space.
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.
It plans to spend over $150 million developing the delivery business, starting with food, in Dubai and Jeddah.
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.