Ola gets backed by Hyundai, Kia Motors

Ola, Indian ride-hailing company, has raised $300 million in Series J round from Hyundai Motor Co. and Kia Motors Corp which is considered to be their biggest combined investment to date. They also invested around $250 million in ride-hailing giant Grab last November. Ola expects the investment round to raise $1 billion to battle their rival Uber.
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GoJek raises over $1 billion

Ride hailing startup Gojek, on Friday, announced that it has finalized deals to raise funds over $1 billion on its on going round of Series F led by Google, and Tencent. Other investors include Mitsubishi Corp and Provident Capital. It values the company between $8 billion to $10 billion. Gojek will use the funds to double down on key verticals in
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Google forecasts Southeast Asia’s Digital economy to triple by 2025

With over 650 million cumulative populations, Southeast Asia’s Digital economy is predicted to reach $240 billion by 2025 according to “e-Conomy SEA” report by Google. The report suggests that internet economy will grow by 44% this year from last year to $72 billion, which was only $19.1 billion in 2015. Online travel (30 billion) tops the chart in bringing in revenue,
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pathao legal notice

Pathao given legal notice over fare

A legal notice has been served to online ride-sharing service Pathao on charges of irregularities. Supreme Court Lawyer Tanjim Al Islam on behalf of Afzal Hossain, a resident of West Sheurapara of the city, sent the notice to Pathao Limited, Pathao chief executive officer and chief technology officer on Wednesday, reports UNB. According to the notice, when Afzal Hossain wanted to
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Close-up shot of a man using a smartphone to order a ride in Poland

Grab raises $250M from Hyundai as ongoing round tallies up to $2.7B

Grab, the Singapore startup that bought Uber’s Southeast Asia business earlier this year, continues to announce strategic investors for its ongoing Series H funding round. The latest edition revealed today is Korean automotive firm Hyundai, which is investing $250 million. Hyundai first invested in Grab in January, and it joins recently announced investors Microsoft (undisclosed) and Booking Holdings ($200 million) in the round, which
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Grab raises another $200M from U.S. market

Singapore-based ride-hailing major Grab has raised $200 million in fresh funding from parent company, Booking Holdings, the startup announced on Monday. As part of the deal, NASDAQ-listed Booking Holdings will offer Grab’s on-demand transport services through its apps and allow users to pay via GrabPay. The investment is part of a $3-billion ongoing funding round that Grab is seeking to
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Chinese Ride-Hailing startup BMKP raises $43M

Chinese ride-hailing firm Wuhan Banma Kuaipao Technology ( has completed a RMB300 million (US$43.21 million) financing round from Chinese private equity fund manager QJY Capital, according to a Chinese media. QJY Capital’s investment comes after received considerable amount of online ride-hailing licenses, which is a necessary operation material for ride-hailing drivers under the requirement of a new policy introduced in
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