Bangladesh’s Pathao is said to merge with SureCash – Dealstreet Asia
Bangladeshi ride-hailing startup Pathao is reported to be in talks to merge with local digital payments provider SureCash, Dealstreet Asia wrote, quoting various local media reports.
The merger is expected to place the two companies in a better position to attract funding and provide a wider range of services to its customers, according to the report. It is also said that they will continue to operate independently post-merger.
Pathao declined to comment on this story.
Deliveroo to double its walker fleet in 2020 – Press Release
Food delivery startup Deliveroo announced its plan to double its walker fleet in 2020.
The programme was officially launched to the firm’s riders last month, following a pilot with 50 selected riders in July. It enables new and existing riders in Singapore’s Central Business District (CBD) can opt to fulfil orders on foot, reducing time spent on the roads and looking for parking spaces in high traffic areas.
Since its launch, Deliveroo said that its walker fleet has grown to over 100
Also Read: Deliveroo Singapore appoints new country manager, will push for expansion and development
Indonesian edutech startup said to raise US$100M – Dealstreet Asia
Indonesian edutech startup Ruangguru is reported to have raised US$100 million in funding, according to a Dealstreet Asia report.
The funding round is said to be led by General Atlantic.
The news came after Ruangguru co-founder and managing director was named special staff for President Joko Widodo.
E-wallet OVO launches SMEs-targeted financing service DanaTara – e27
Indonesian digital payments platform OVO announced that it has launched financing services to address SMEs’ needs, called DanaTara.
The new offer aims to widen business access for SMEs as well as supporting them in improving business potentials.
OVO President Director Karaniya Dharmasaputra said that OVO DanaTara offers to be a solution for business expansion, balance stream management, and to be additional equity for Indonesian SMEs.
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