Will Food Ecommerce Ever Catch Up to Online Retail?

Regardless of ecommerce niche or sector, customers value convenience—a concept that’s always trending toward greater ease and immediacy. We live in a world in which even standard shipping now seems “slow.” Customers are increasingly impatient for the goods they order online to show up on their doorstep or at a designated pickup location. Merchants ...

Singapore’s DBS Bank to launch India subsidiary in October

DBS Bank of Singapore Tuesday said it will launch its India subsidiary in October, the second foreign bank in the country to convert its local operations into a wholly-owned entity. State Bank of Mauritius was the first to open a local subsidiary in India last year, after RBI came out with the regulations in 2013. DBS said the setting up of the ...

Exclusive: KV Asia Capital plans $500m second vehicle, could launch by year-end

Singapore-headquartered private equity firm KV Asia Capital is planning to raise about $500 million for its second vehicle, KV Asia Capital Fund II, an industry source aware of the development told this portal. This will mark a near doubling of fund size from its first vehicle that closed at $263 million in late 2013. Continue reading this premium ...

SG-based CMIG’s arm Sirius to be listed on Nasdaq upon merger with Easterly

Sirius International Insurance Group , Ltd., a subsidiary of Singapore’s CMIG International, has said that it will merge with special purpose acquisition company Easterly Acquisition Corp. for a proposed merger that would result in Sirius becoming a publicly listed company. According to an official statement, Easterly is set to merge with a ...

Singapore’s CapitaLand acquires prime mixed-used site in Chongqing for $867m

Singapore-based property developer CapitaLand announced on Wednesday that it has acquired a 32-hectare prime mixed-used site in Chongqing, China for a total consideration of RMB 5.7 billion ($867 million). In a statement, CapitaLand said the acquisition will add over 2,100 units to its residential pipeline in China and double its retail network in ...

Singapore: Temasek, GGV co-lead CashShield’s $20m Series B

Singapore-based global online fraud management company CashShield has raised a $20-million Series B round, co-led by Temasek and early backer GGV Capital . In a statement, CashShield said the latest funding round, which was joined by Tony Fadell, Wavemaker Partners and Tao Zhang, brings its total financing to date to $25.5 million. The latest ...

The journey of how Swiggy became India’s fastest unicorn

When Swiggy started out in 2014, it was seen as a late entrant to an overcrowded market. The online food ordering and delivery market was not considered attractive back then, and Zomato , the leader in food-tech, had decided not to expand its delivery business, which was seemingly messy and unviable. Yet, in less than four years, Swiggy is part of ...

Flipkart merges budget brand Billion with private label business

Billion , the personal Make In India, private label project of Flipkart co-founder Sachin Bansal, has now been rolled into the overall private brands business of the online retailer. The move comes weeks after the former chief executive exited the company following a bitter tussle with the board during its acquisition talks with Walmart Inc. in ...

Uber gets 15-month license to operate in London

Uber Technologies Inc. won an 15-month probationary license to operate in London after convincing a judge and regulators that the ride-sharing service had shaken off its gung-ho attitude of the past. Judge Emma Arbuthnot criticized the company while granting the license Tuesday. The 15-month reprieve is far less than the five-year private hire ...

Indonesia’s Go-Jek in talks to raise $1.5b in fresh funding: Report

Indonesia’s ride-hailing giant Go-Jek is in talks to raise a fresh funding round of another $1.5 billion to support its plan to expand into new markets and challenge Grab’s domination in the region following Uber’s recent exit, according to a report by The Information . The fundraising has not been finalized as Go-Jek is still in talks with ...
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