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Insights
15-May-19 Indian online grocery delivery start-up Grofers has secured USD200 mn from investors led by SoftBank’s Vision Fund, in the USD100 bn investment vehicle’s latest bet on India's technology sector. Grofers claims to have achieved annual revenue of USD400 mn. [image: Reuters / Issei Kato / File Photo]
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Insights
14-May-19 Mahindra Logistics is scouting for acquisitions in Southeast Asia to strengthen its freight forwarding business. "This segment is just 5% of our total business," CEO Pirojshaw Sarkari said. The company aims to double its freight forwarding business.
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Insights
07-May-19 A day after India’s largest e-wallet Paytm entered the credit card business, local ride-hailing giant Ola is following suit. Ola inked a deal with state-run SBI and Visa to issue 10 mn credit cards in the next three years. [image: Techcrunch]
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Insights
28-Apr-19 Travel marketplace Wego ranks Egypt first for MENA travellers, followed by India, Saudi Arabia, Turkey and USA. "55 percent of travellers in 2019 booked a 12+ day flight compared to 39 percent in 2018," said Mamoun Hmedan, Director, Wego. [image: Alamy / Khaleej Times]
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19-Mar-19 Columbia Pacific Management’s Asian hospital business has drawn interest from global PE players including KKR, CVC and Carlyle. If successful, the deal would be worth USD2 bn and be the biggest transaction in Southeast Asia’s hospital sector in nine years. [image: The Star]
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