Indian ride-hailing company Ola announced that it has signed a Memorandum of Understanding (MoU) with the Government of Assam to pilot test an app-based river taxi service in the financial hub of the Northeast, Guwahati. The MoU was signed at the Global Investors Summit: Advantage Assam, which currently on going in Guwahati and was in […]
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Jordan-based mobile game startup, Tamatem, has received funds worth $2.5 million in its Series A round. Founded in 2013, the company localises video games, specifically marketing to countries with a large Arabic speaking population, a market which does not receive much attention. Less than one percent of gaming apps are available in Arabic, Tamatem’s Co-founder […]
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Used car automotive service provider, Mahindra First Choice Wheels announced that it has raised $15 million in a funding round led by its existing investors. The company plans to employ the funds to expand its franchise dealer network and invest in new technology enabled products and services for the online consumer. According to a statement […]
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Chinese e-commerce giant, Alibaba’s payment affiliate, Ant Small and Micro Financial Services Group has reportedly invested approximately $200 million in the online food delivery startup, Zomato. In a regulatory filing by Info Edge, which is a large shareholder in Zomato, said that the food delivery company has signed a “definitive agreement to undertake a primary […]
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India’s leading online grocery store, BigBasket, announced that it has received $300 million in a funding round led by the Chinese e-commerce giant Alibaba. The funding has strengthened BigBasket’s position in its competition for a greater market share with the US giant, Amazon. According to a filing made by BigBasket to Indian regulators, an Alibaba […]
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