And the chief consultant of Gojek in Southeast Asia’s “super application” has high hopes for IPO; Ali: The short-lived community of VMate, the Indian short video community product, has nearly 50 million monthly activities.
Southeast Asia
Southeast “Super Apps” Gojek’s Principal Consultant has high hopes for IPO. According to overseas website KrASIA, after the entry of Gojek founder Nadiem Makarim into the cabinet, Indonesian energy tycoon Garibaldi Thohir took over as the company’s chief consultant. Thohir believes that Gojek has a viable business model. Once it reaches scale, the cost will decrease. Not all of Gojek’s business lines are expected to be profitable.
Indonesian Student Loan Platform Pintek said it will raise about $3 million from the venture capital firm Global Founders Capital (GFC), supported by Rocket Internet in Germany. According to DealStreetAsia, GFC has invested in 278 companies to date, including Traveloka, Lazada, and Delivery Hero. According to people familiar with the matter, Pintek’s valuation is about $15 million. It is reported that Pintek is a loan platform dedicated to education in Indonesia, providing loans from kindergarten to graduate students.
India
Shun Capital participated in the Rapido $5 million B round of financing for the operator of the Indian network. It is learned that in addition to Shun Capital, WestBridge, BAce Capital and veteran shareholder Nexus Ventures also participated in this round of financing. Rapido said that the funds raised in this round will be used to expand its business. The company plans to expand its business to 100 cities within one year, with daily orders reaching 1 million.
Microsoft reported that India’s revenue exceeded $1 billion. According to ET Tech, Microsoft India reported that its revenue in the 2018-19 fiscal year exceeded $1 billion due to its cloud business growth. According to financial data from the business intelligence platform Tofler, Microsoft India’s revenue in the previous fiscal year increased by 13%. Analysts say cloud computing business Azure and Indian office software Office 365 are driving growth.
Uber Chief Product Officer says will not give up UberEats business in India. According to overseas website KrASIA, the chief product officer said that UberEats has grown very fast from the perspective of the Indian market. Previously, Uber had wanted to sell UberEats to its local competitors. Since the initial public offering in May 2019, Uber has begun to cut back on its loss-making business. This is in line with Uber’s global business strategy of exiting the loss market by selling local businesses and acquiring shares in competitors.
India’s private equity exit is expected to slow in 2019. DealStreetAsia was informed that the exit rate for this year (to date) has dropped by about 70% compared to 2018. In terms of exit methods, secondary markets and strategic acquisitions remain the most desirable options, while initial public offerings (IPOs) have reached their lowest point in five years.
Ali: Its short-lived video community in India, VMate, has nearly 50 million monthly lives. It is learned that the monthly short-lived community of VMate, a subsidiary of Alibaba’s innovative business group, is nearly 50 million, of which nearly half of the users under the age of 24 (after 95). In the past year, VMate users doubled the number of videos viewed per user, and the average daily video production of users increased more than 2 times year-on-year. The number of per capita interactions (likes, comments, sharing, and attention) increased by nearly 60% year-on-year.
Latin America
Softbank led a $46.65 million financing from Olist, a Brazilian e-commerce solutions company. According to Contxto, Olist’s existing investors, Redpoint eventures and Valor Capital, also participated in this round of financing. It is reported that Softbank’s investment is part of its $5 billion innovation fund launched in March for Latin American start-ups. Founded in 2015, Olist aims to connect merchants to the market through various sales channels. In addition, Olist also provides e-commerce logistics services and works with “traditional physical stores” (traditional street shops) to provide them with online services.
AliExpress helps the “Double Eleven” to seize the Brazilian market. According to LABS, AliExpress will increase the discount rate to 70% during the Double Eleven period. Although this year is not the first time the company has brought the “Double Eleven” into Brazil, it is the most positive year for boosting. Ken Huang, head of the company’s operations in Latin America, said in an interview with Brazilian media: “We will ensureThis year’s price is the lowest. It is reported that in order to ensure the smooth progress of the event, AliExpress will also cooperate with local Brazilian companies, such as the Brazilian financial technology unicorn EBANX.
Other
Japan’s consumer finance company Credit Saison has created a $55 million fund for investments in the Indian and Southeast Asian markets. According to the English station KrASIA, Credit Saison has established an international venture capital (CVC) division called Saison Capital. It is reported that Saison Capital hopes to invest 6-8 early start-ups in Southeast Asia and India, and the initial investment is no more than 1 million US dollars.
Going to the sea
With China’s leading new business media, we are constantly looking at emerging markets in India, Southeast Asian countries, Latin America and Africa. From the perspective of the media, we put together the new global business landscape and presented it to the Internet people who are eager to “far away” in China, and escort them to the distant side.
We expect friends who like and pay attention to overseas markets to join us. Currently open positions include full-time journalists and operations.
* For details, see: is time to look at Going to the new global business map! I recruit people
文 | 云晞@出海;锅沉@出海
编 | Zhao Xiaochun@出海
Picture | Vision China
