GOJEK-backed Bangladeshi ride-hailing app Pathao seeks up to $50m in Series B round

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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. 

Pathao

Pakistan’s online retailer Yayvo seeks investors to take on Alibaba

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Yayvo, Pakistan’s second-largest online retailer, is planning to bring in new investors amid competition from Alibaba Group Holding Ltd.


Paytm sees its losses more than double in 2019-20

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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.


India Digest: Amazon, Flipkart eye stake in Hopscotch; Ola may back sRide

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Hopscotch has reportedly appointed Barclays as the investment banker to raise around $60 million.


Indonesian state firms said to pool $80m capital to launch Go-Pay, OVO competitor

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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.


China’s Didi plans Chile, Peru launches to take on US rival Uber

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The two firms are already battling in Brazil, where Didi bought local start-up 99 in January last year, and Mexico.


Jokowi asks followers to stop campaign to uninstall Bukalapak app

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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.


Go-Jek seeks bank pitches to raise additional $2b in ongoing round

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The additional capital from new investors would take the total haul from the current round to around $3 billion.


Temasek-backed Pine Labs eyes unicorn tag with new funding round

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Pine Labs is in advanced talks to close a funding round of around $75 million from existing investors including Temasek and PayPal.


Paytm parent pledges all assets with ICICI to up borrowing limit to $196m

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The higher borrowing limit helps Paytm secure capital for everyday operations amid tight liquidity conditions in the market.