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The emergence of super apps in Latin America

Because of its vast population distributed in more or less similar countries regarding language, culture and religion, Latin America is an especially compelling region for the emergence of super apps.

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India’s ride-hailing giant Ola makes serious bet on two-wheeler

Ola, the largest ride-hailing service in India, said today its two-wheeler service — Ola Bike — is now operational in 150 Indian cities and towns and it intends to grow this business by three times in the next one year. The eight-year-old SoftBank -backed firm said Ola Bike is enabling it to reach the “hinterlands […]

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Paytm’s annual loss doubles to $549M

Running a payments business in India is not cheap. Just ask Paytm . One of India’s largest payment companies reported a net loss of Rs 3959 crore ($549 million) for the financial year that ended in March, up 165% over 1490 crore ($206 million) in the same period last year. During the same period, the […]

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SoftBank mints QuintoAndar a new unicorn in Latin American real estate tech

QuintoAndar, the Brazilian real estate technology developer, has secured a massive $250 million Series D led by SoftBank, as the Japanese conglomerate continues to deploy its $5 billion commitment to the Latin American region. The round is the latest sign that startups in Latin America can get money if they’re developing technologies in specific areas […]

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Troubles keep mounting for the We Company as Softbank reportedly calls for shelving the IPO

The troubles for We Company and its main business WeWork are mounting as the Financial Times is reporting that the company’s main backer, Softbank, is pushing for the company to put its troubled public offering on hold. Citing sources familiar with the company and its main investor, the Financial Times said that the cool reception We Company has […]

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SoftBank-backed Getaround is raising $200M at a $1.5B+ valuation

And the next car-sharing unicorn is…

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Elliptic banks $23M to shrink crypto risk, eyeing growth in Asia

Crypto means risk. To UK company Elliptic it also means business. The startup has just closed a $23M Series B to step up growth for a crypto risk-management play that involves selling tech and services to help others navigate the choppy darks of cryptocurrencies. The round was led by financial services and asset management firm […]

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