Startups, Entrepreneurs, Digital economy

Why one start-up founder turned down a US$1.1 bil Softbank deal

SINGAPORE (Apr 22): Start-ups, when they raise venture money to build their businesses, begin with a Series-A round and then proceed through Series E, F or maybe G before going public. The Indian ride-hailing service Ola is a bit unusual: It just complete


Grab gets US$2 bil from SoftBank, Didi to fight Uber in Asia

(July 24): Grab raised US$2 billion ($2.7 billion) from Didi Chuxing and SoftBank Group Corp. in the largest–ever venture fundraising in Southeast Asia, joining forces with two companies instrumental in driving Uber Technologies Inc. out of China.
Amit Jain

Uber aims to unseat Ola in US$10 bil India ride-hailing market

BANGALORE (Oct 10): Uber Technologies Inc unveiled its first-ever brand campaign in India last month with a video showing a tense Uber driver navigating gridlocked streets as he rushes to drop off a little girl to her school on exam day. In a Bollywood-


Your Uber and Grab taxi rides are about to be disrupted

SINGAPORE (Sept 5): Uber, the global giant of ride hailing, which at the last round of its fundraising was valued at US$68 billion ($92.7 billion), lost US$1.2 billion in the first half of this year compared with a US$987.2 million loss in the same period

Grab gives Lyft a ride, and vice versa

SINGAPORE (June 2): Ride hailing app Grab is expanding its reach beyond its Southeast Asia home market via a tie-up with Lyft in the United States.
Didi, Xiaoju Kuaizhi Inc

Apple invests US$1 bil in Uber’s China competitor Didi

HONG Kong (May 13): Apple Inc invested US$1 billion ($1.38 billion) in Didi, the single largest investment the Chinese ride-hailing service has ever received as it battles Uber Technologies Inc.