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In grocery—seen as the next big opportunity for online businesses looking to lap up India’s retail pie—kirana stores are an invaluable asset. While the Indian grocery market is worth upwards of $550 billion, according to retail consultancy Technopak Advisors, the organised sector is barely a drop in the grocery ocean. Just some $21 billion, according … Read more

Amazon reaches Malaysia and Singapore markets with new shipment hubs in Malaysia

“Amazon is the one everyone should be worried about,” a senior venture capital executive, who has invested in online retail startups in Southeast Asia, told us. “The wonderful headstart that e-commerce companies in Southeast Asia have enjoyed is because Amazon hasn’t come… yet.” Amazon declined to comment on its expansion plans past and present for … Read more

Vietnam’s Other Illegal Uber Clone is Riding High on Cash from Grab Funding Competition

Grab is the proxy for SoftBank’s efforts to tap Southeast Asia’s growth potential. Although its Vision Fund hasn’t made further investments in the region, CEO Masayoshi Son has described the $100 billion vehicle as a collection of winning tech companies that will work closely together. OYO tried to crack Southeast Asia before without success, now … Read more