Shares of Uxin closed up at US$1.10 on October 8, when a filing showed the Singapore sovereign wealth fund increased its shareholding. Go to Source
Author: Tech In Asia Online News
Ex-Ola and PayU exec’s fintech firm bags $18.5m seed money from Lightspeed, Accel
Part of the fresh capital will be used to build the team and bolster its market and customer acquisition efforts. Go to Source
Didi-linked Brazilian ride-hailer to enable bookings through WhatsApp
The partnership allows 99’s users to book rides directly from WhatsApp. Go to Source
London bans India’s Ola over safety concerns
This comes after Uber won a legal bid to operate in the capital nearly a year after TfL rejected its application over safety concerns. Go to Source
Grab looks to raise up to $500m for fintech arm, sources say
Potential investors in the round include insurers Prudential and AIA Group. Go to Source
Ola Electric begins restructuring plans with 2,000-person hiring spree
It plans to hire 1,000 engineers worldwide over the next three months, plus another 1,000 people for other positions. Go to Source
Grab launches micro-investment product as it expands financial services
It also announced consumer loans via a third-party platform as well as buy-now-pay-later payment plans for select ecommerce sites. Go to Source
Grab said to raise $200m from Korea’s Stic Investments
The Seoul-based investment firm will be investing US$100 million from one of its funds, while the remaining will come from co-investors. Go to Source
Tesla is looking for a country manager in Singapore
Elon Musk’s company also posted at least seven other positions, including service manager, store leader, and “Tesla advisor.” Go to Source
Grab looks to charge a platform fee for all rides in Singapore
Singapore’s competition watchdog is inviting public feedback on Grab’s proposal platform fee until August 11. Go to Source