And, the Indian pet products retailer HUFT announced that it has completed a $10 million Pre-A round of financing; the Vietnamese startup HeyU hopes to become the “Vietnamed version of Gojek”; OYO is advancing into the high-end market and plans to have more high-end hotels.
Southeast Asia
Indonesia e-commerce unicorn Bukalapak fired hundreds of employees. According to TechinAsia, Budlapak Chief Strategy Officer Teddy Oetomo said that because the smart retail and IoT departments are not at the core of their business, the company is withdrawing the two departments, resulting in The engineer was laid off. It is reported that the company has 2,500 employees, of which less than 10% are affected by layoffs.
Thai fashion e-commerce Pomelo completed $52 million in Series C financing. According to e27, Pomelo has raised more than $83 million so far. It is reported that Jingdong once led Pomelo’s $19 million Series B financing in 2017. Pomelo said that the funds raised will be used for further development of its “omnichannel” model to meet customers’ various shopping needs and habits.
Vietnamese startup HeyU wants to be “Vietnamed Gojek”. According to the English station KrASIA, HeyU, a startup from Vietnam, announced that it has already started operations in Ho Chi Minh City and hopes to become a super application in Vietnam, just like Gojek in Indonesia. It is reported that HeyU plans to launch an on-demand errands service this month, and users can help them shop through their designated personnel on the platform. Founded in 2017, HeyU, formerly San Ship, is a platform for providing instant delivery services in the suburbs of Hanoi and Ho Chi Minh. HeyU is currently raising $3 million in funding.
India
OYO is advancing into the high-end market and plans to have more high-end hotels. According to Livemint, OYO is working with Mountainia Developers, a hotel company based in Goulgram, and plans to transform its hotel into a superior hotel by the end of the year. OYO said that the global high-end and luxury hotel market will see tremendous growth. It is reported that OYO is currently making its four-star hotel and plans to have five-star and seven-star hotels.
Azim Premji, an Indian software tycoon, sold about $1 billion worth of shares in a repurchase program by Indian outsourcing giant Wipro. According to ET Tech, KR Lakshminarayana, chief donation officer of the Azim Premji Foundation, said that as the founder and chairman of Wipro, Premji promised that all funds would be used for charity.
Indian pet products retailer Heads Up for Tails (HUFT) announced that it has completed a $10 million Pre-A round of financing. According to Yourstory, HUFT raised funds through two rounds of seed round financing in February 2016 and January 2017, respectively. It is reported that HUFT was established in 2008 and currently has 28 stores in Delhi, Bangalore, Mumbai, Pune, Chennai and Hyderabad. In addition, HUFT will use the newly raised funds to expand its retail and e-commerce businesses.
Reliance Jio, an Indian mobile operator, has invested more than $19 million in its music streaming platform, JioSaavn. According to ET Tech, in December last year, Reliance Jio announced that its two music streaming platforms, JioMusic and Saavn, had been merged. The new streaming media was named JioSaavn Music and Radio. Referred to as JioSaavn. It is reported that Reliance has previously invested $124 million in Saavn.
Latin America
Fast Brazil DAU broke through 3 million and overseas recruitment restarted. According to the financial news agency, many people familiar with the matter said that Kwai’s overseas product Kwai exceeded 3 million in DAU in Brazil. Recently, fast-handedly restarted overseas business and began to recruit a large number of overseas technology, products, design, auditors and other personnel. For the above news, the fast-hand side said that it would not comment. Earlier, the fast-handed reporter told reporters about overseas business that overseas business is an important strategy at the company level and will not give up.
Africa
Nigerian digital banking startup Kuda raised $1.6 million in Pre-seed rounds of financing. According to Disrupt Africa, Kuda is currently creating a purely digital banking platform, and the funds raised will be used for the launch of the platform’s beta. It is reported that Kuda’s predecessor was the loan platform Kudimoney, which participated in the Startupbootcamp AfriTech Accelerator program last year. In June of this year, Kudimoney changed its name to Kuda and obtained a banking license from the Central Bank of Nigeria (CBN). In addition, Kuda beta features include a free banking platform and debit card, an app that tracks expenditures in real time (the program is available on iOS and Android), and more.
Other
Yahoo Japan will acquire the fashion e-commerce Zozo. According to a report from Tencent Technology, foreign media said that Yahoo Japan said in a statement that it would seek to acquire a 50.1% stake in the company with the support of Zozo founder Yuzawa. Masahiro Maeto will sell some of its shares. Yahoo Japan’s offer is 2620 yen per share, a 21% premium to yesterday’s closing price. Starting Thursday, Masahiro Mae will resign as CEO of Zozo and will be replaced by its director, Kotaro Sawada.
文 | 云晞@出海
编 | Zhao Xiaochun@出海
图 | Photos
