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Rumor: Uber Proposes to Merge with India’s Ola and to Lead the New Company

Ola Cabs, is an Indian origin online transportation network company developed by ANI Technologies Pvt. Ltd. As of December 2018, Ola was valued at about $5.7 billion. A variety of venture capitalists including Softbank have large stakes in the company.

Ola is present in five global markets including Sri Lanka, Bangladesh, UK, Australia, and New Zealand.

India's Ola becomes world's fourth most downloaded ride-hailing app due to global push | KrASIA

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India&#8217;s Ola becomes world&#8217;s fourth most downloaded ride-hailing app due to global push

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

https://secure.gravatar.com/avatar/3fa1aaa7bc22f88c619534e3c1f933b8?s=96&d=mm&r=g

Avanish Tiwary

Building a coherent narrative of India's rapidly changing tech ecosystem.

India Tech

Creative

Music

India

The company is targeting users who already subscribe to platforms such as Netflix, Spotify, and other podcast channels.

Kuku FM will get you hooked on podcasts and audiobooks | Startup Stories | KrASIA

Kuku FM will get you hooked on podcasts and audiobooks | Startup Stories

Flipkart

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

In its earnings report, Walmart said inclusion of Flipkart negatively affected its operating income.

Walmart shuts one of Flipkart's fashion arms | KrASIA

Walmart shuts one of Flipkart&#8217;s fashion arms

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. 

Alibaba

Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. 

Ant Group

SoftBank Group Corp. is a holding company that engages in the management of its group companies which provides information technology and telecommunication services. It operates through the following segments: Mobile Communications, Sprint, Fixed-line Telecommunications, Internet, and Others. 

Softbank

The Japanese investment firm has asked its portfolio companies, including the ones in India, to aim at profits.

SoftBank institutes IPO clause for investing in Indian payment unicorn Paytm | KrASIA

SoftBank institutes IPO clause for investing in Indian payment unicorn Paytm

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

An e-commerce payment system facilitates the acceptance of electronic payment for online transactions. Read stories of Payment service providers, platforms or the trending of the Payment industry.

Payments

Government-owned payment app BHIM to get a soft launch during Singapore Fintech Festival.

India takes its instant money transfer tool UPI to Singapore | KrASIA

India takes its instant money transfer tool UPI to Singapore

Paytm typically invests USD 28 million to 35 million every year in acquiring or investing in technology companies.

Alibaba-backed Paytm keeps USD 70 million in wallet to invest in AI startups | KrASIA

Alibaba-backed Paytm keeps USD 70 million in wallet to invest in AI startups

While SoftBank tries to mend the mess at WeWork, its India unit continues to expand to new cities.

WeWork India is an outlier among the co-working unicorn's franchises | KrASIA

WeWork India is an outlier among the co-working unicorn&#8217;s franchises

Cube Wealth provides a bouquet of investment opportunities and a wealth coach to guide investors.

The people behind Cube Wealth want to make you rich: Startup Stories | KrASIA

The people behind Cube Wealth want to make you rich: Startup Stories

Xiaomi Corporation is a Chinese electronics company headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, and related consumer electronics.

Xiaomi

Indian podcast platform ropes in Xiaomi Ventures, Shunwei Capital and others to invest in the company.

Avanish Tiwary

India’s Ola becomes world’s fourth most downloaded ride-hailing app due to global push

Kuku FM will get you hooked on podcasts and audiobooks | Startup Stories

Walmart shuts one of Flipkart’s fashion arms

SoftBank institutes IPO clause for investing in Indian payment unicorn Paytm

India takes its instant money transfer tool UPI to Singapore

Alibaba-backed Paytm keeps USD 70 million in wallet to invest in AI startups

WeWork India is an outlier among the co-working unicorn’s franchises

The people behind Cube Wealth want to make you rich: Startup Stories

Shunwei Capital continues to back regional content platforms in India