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Sequoia and Chiratae Ventures pump USD 15 million into Go Mechanic
Founders of the car servicing company peg the automotive aftermarket at USD 8 to 10 billion.
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Grab will have a 60 percent stake in the consortium entity while Singtel will hold 40 percent.
Early-stage (Angel/Pre-Series A) investors committed USD 97.1 million in 2019, more than twice of USD 46.8 million in 2018.
Didi aims to rebuild its corporate image and ease the tension between the company and the public via an entertainment show after a series of missteps.
Alibaba is trying to gain more control over the smart vehicle operating system.
The Chinese internet giant had picked up a stake in Xpressbees with USD 35 million Series D investment in December 2017.
Tencent and ByteDance are also important players in this field.
The acquisition raises speculations about a Gojek’s new digital bank.
The boom in China’s food and parcel delivery sector has triggered a surge in road accidents.
