India: Cash-rich Flipkart eyes more acquisitions

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Flipkart has held talks to invest in food-delivery app Swiggy, services firm UrbanClap and furniture retailer UrbanLadder.

Flipkart

India: Accel & Helion-backed Qwikcilver forays into Singapore, lines up expansion to other SEA markets

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Apart from Accel and Helion, Qwikcilver is backed by investors like Amazon and Sistema Fund.


Paris wants to regulate Asian bike-share operators

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HK’s Gobee.bike is present in Paris while China’s Ofo, Mobike and Singapore’s oBike mull entry.


SoftBank, Alphabet billionaires swap ride-hailing bets

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The future of the ride-hailing industry depends on the capricious largesse of two internet billionaires on opposite sides of the globe. Alphabet Inc., led by Larry Page, just backed Lyft Inc., while SoftBank Group Corp. chief Masayoshi Son is set to take a big stake in larger rival Uber Technologies Inc. Alphabet unit CapitalG led a $1 billion investment in… Read more »


Grab secures $700m debt facility to be SEA’s largest car rental platform

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Didi Chuxing and Softbank pumped in $2b into the startup in July


Lyft raises $1b in round led by Alphabet, valuation climbs to $11b

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Alphabet was a major Uber backer, but the two have clashed in court over autonomous vehicle technology this year.


Rocket Internet-backed HelloFresh set to overtake rival Blue Apron in US

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HelloFresh generated sales of 143 million euros ($169 million) in the U.S. in the second quarter, up from 120 million euros in the first three months of the year.


Amazon starts to gain foothold in India’s huge offline retail market

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At present e-commerce penetration is at 2% of all retail sales, according to Morgan Stanley.


China’s shoppers turn Jack Ma’s Ant Financial into a debt giant

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Amid surging demand from cash-strapped Chinese millennials, companies such as Ant Financial have been extending more consumer loans.


Battle for Saudi e-commerce market begins with launch of Noon

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That will start a race against Dubai-based Souq.com, poised for expansion after its acquisition this year by Amazon.