InMobi, India’s largest mobile advertising platform, has raised $45 million for its mobile content platform Glance; India’s takeaway unicorn Swiggy plans to enter the digital payment arena; “Egyptian Alipay” Fawry is listed in Egypt with a market value of $441 million
Grab plans to buy Indonesian e-wallet DANA shares from Emtek and merge it with OVO. According to DealStreetAsia, Reuters reported that Grab and Gojek compete in financial services, e-commerce, online car and food distribution. Grab’s move is also to compete with Gojek for the first place in the payment field. In addition, according to Asian financial reports, in 2017, Ant Financial and Indonesian media group Emtek co-founded DANA. DANA has used its experience in Indonesia to learn from Alipay’s experience and has pushed its market ranking to third place. Regarding the above news, Ant Financial said that it would not comment.
Grab announces on-demand cleaning and repair services Clean&Fix . According to the English website KrASIA, Grab’s new service was launched in conjunction with Indonesia’s online home improvement service platform Sejasa. It is reported that Clean&Fix includes three services: home appliance repair, home decoration and house cleaning, but the latter two services have not yet been officially launched. In addition, as part of the Grab Ventures Velocity Accelerator Program, Sejasa has used the Grab app to promote its services since last year. The advantage of users choosing services through the Grab app is that they can be paid directly through the OVO wallet.
Grab Financial plans to establish the company’s first cross-border remittance channel between Singapore and the Philippines in the fourth quarter of 2019. According to DealStreetAsia, Grab will allow users to send money instantly and securely using their GrabPay wallet. According to World Bank data, the Philippines is the world’s fourth largest remittance market with a size of $34 billion.
Gojek launches accelerator “GojekXcelerate” According to the English website KrASIA, Gojek plans to cooperate with the accelerator Digitaraya. It is reported that Digitaraya is an accelerator jointly launched by Google Developers Launchpad and Indonesian incubator Kibar, said Gojek President Andre Soelistyo. The program allows startups to appear in Gojek’s app feeds for tens of millions of customers in Gojek. In addition, Gojek’s competitors already have their own accelerator Velocity.
Gojek led a $3 million financing from Indonesian financial technology company Pluang through its venture capital arm, Go-Ventures. According to the English website KrASIA, Pluang, formerly known as EmasDigi, aims to provide digital micro-saving services and financial products to its users. Its gold savings platform allows its users to start investing in gold from about $0.50.
Singapore Accelerator Antler announced that it will operate in Indonesia in the first half of 2020. According to the English station KrASIA quoted Indonesian news media Kontan, Antler aims to train at least 20 Indonesian startups every year. It is reported that Antler was founded in 2017 and invested in early start-up companies around the world. So far, there are 43 startups in its portfolio, and Antler operates in eight locations around the world, but currently Singapore is the only Southeast Asian market it covers.
InMobi, India’s largest mobile advertising platform, has raised $45 million for its mobile content platform, Glance. According to ET Tech, this investment for InMobi is from the US venture capital firm Mithril Capital. It is reported that Glance provides AI-driven personalized content for the lock screen of smartphones. Whenever the user unlocks the phone, the phone screen presents personalized content. InMobi will use the funds to launch several new platforms, including Glance TV, Glance Gaming, Glance Shopping and Glance Nearby. The company will also use the funds to enter Southeast Asia in the coming months.
Canadian Pension Plan Investment Committee CPPIB invested $115 million in the logistics unicorn Delhivery to obtain an 8% stake in the latter. According to the English-language KrASIA, the value of Delhivery is about $1.5 billion, which is the same as the valuation in the last round of financing in March this year. In addition, CPPIB is shifting its focus from physical companies to emerging industries for the digital arena. The agency participated in the $300 million financing of India’s online education unicorn Byju’s last December. It is reported that in the first half of this year, CPPIB invested a total of 7.5 billion US dollars in India.
Indian takeaway unicorn Swiggy plans to enter the digital payment space. According to DealStreetAsia’s Entrackr report, Swiggy has been working on consumer-oriented wallets for the past few months and is most likely to put payment features into their apps. It is reported that in March last year, Swiggy also cooperated with Flipkart’s PhonePe to provide customers with new payment options. The service allows consumers to choose a variety of payment methods for paying for food orders in the Swiggy app.
“Egyptian Alipay” Fawry is listed in Egypt with a market capitalization of $441 million. According to ePanda’s report to the Middle East, Fawry, Egypt’s first and largest electronic payment platform, rose 60% after the listing, and its market value reached 441 million US dollars. It is reported that Fawry provides more than 250 electronic payment services through more than 100,000 service outlets in 300 cities across the country. The company also offers an online payment gateway that allows businesses to collect payments from customers in the form of cash, credit cards and mobile wallets.
文 | 云晞@出海
编 | Zhao Xiaochun@出海
图 | Photos