As well as Amazon’s offline retail business in India, O2O may be the next focus of the Indian retail market; International Finance Corporation (IFC) plans to invest $20 million for the fourth fund of India’s veteran venture capital Chiratae Ventures; Flipkart has expanded Distribution of goods in second and third tier cities
Gojek is expected to raise $2 billion by the end of the year to expand its mobile payments and food delivery operations. According to DealStreetAsia, Gojek Chairman Andre Soelistyo said that due to the expansion of the Southeast Asian market, Gojek has completed a transaction worth about $1.5 billion outside of Indonesia. It is reported that at the beginning of this year, Gojek has received $1 billion in funding from F-round financing for companies such as Google and Tencent. In addition, last month, Gojek negotiated with Amazon on financing.
Grab will invest $150 million in artificial intelligence research. According to Bloomberg, Grab plans to invest $150 million in artificial intelligence research next year to accelerate business expansion, including food delivery, digital delivery and digital content.
Vietnam real estate technology startup Rever raised $2.3 million to expand the country’s market. According to the English website KrASIA, the fund was led by the GEC-KIP Technology and Innovation Fund, which is jointly managed by Golden Equator Capital of Singapore and Korea Investment Partners of South Korea. A venture capital fund with a size of approximately $87 million. Founded in 2016, Rever aims to help real estate agents provide transparent services to their clients in the opaque real estate market environment in Vietnam. The investment will help Rever open 30 large experience centers in the next 18 months and expand into areas outside Ho Chi Minh City, including the capital Hanoi and other major Vietnamese cities. Rever reports that its revenue in 2018 is more than $1.5 million and is expected to triple in 2019.
Amazon is launching offline retail business in India, and O2O may be the next focus of the Indian retail market. According to ET Tech