The internal note comes a day after Bloomberg reported that the two Southeast Asian giants have made substantial progress in working out a merger deal. Go to Source
Author: Tech In Asia Online News
Sequoia India’s Surge leads $2m round in Indonesian automotive service firm
Otoklix will use the funds to drive its plans to procure 75% of wallet share by partner workshops by Dec 2021, among other ambitions. Go to Source
Grab launches grocery delivery service GrabSupermarket in Malaysia
Launched last month as part of a pilot program, GrabSupermarket currently serves the Klang Valley, delivering over 2,500 products. Go to Source
Philippine logistics scion wants to give Grab a run for its money
Doubling down on its crowdsourcing model, QuadX is raising money and eyeing regional expansion. Go to Source
Vietnamese ride-hailing startup Be Group’s alternative approach to success
The ride-hailing space in Vietnam is a competitive one, but Be Group has a unique game plan for getting ahead. Go to Source
Grab, Lazada announce tie-up in Vietnam
The deal would see GrabFood services getting integrated into Lazada’s platform and Lazada’s marketplace linked to campaign banners within the Grab app. Go to Source
Grab leads series B round of up to $100m in Indonesian fintech LinkAja
Grab also launched its Tech Center in Indonesia, serving as its regional innovation hub to build technology solutions for MSMEs in Southeast Asia. Go to Source
SoftBank in talks to sell Boston Dynamics to Korea’s Hyundai
The potential deal, which is valued at as much as US$1 billion, would give Hyundai control over the American robotics company. Go to Source
Following Dida’s IPO filing, Chinese ride-hailing startup Shouqi Yueche closes series C round
This round comes three years after Shouqi bagged US$105 million from Baidu and Nio Capital in its series B+ round in 2017. Go to Source
GIC ups its stake in Chinese used-car dealer startup Uxin
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