India
Info Edge has acquired a stake of 2.2% in Udaan.
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The funding also saw participation from Turner Morrison consortium.
Singapore
Garena’s latest AI-linked bets follow a lull after its investment spree around 2021 to 2022.
The development comes ahead of the company’s merger with upGrad.
Rapido has been valued at $3 billion on a post-money basis.
Greater China
Revenue was buoyed by government subsidies for electronic goods.
Indonesia
Currently, commission taken from drivers for each trip is capped at 20%.
Amid the cheers, the durability of GoTo’s profitability remains the key question.
The round was co-led by Susquehanna VC, Mirae, and BII.
Zomato parent posted a consolidated net profit of $18.4 million for March quarter.
