Connect with us

Latest News

Uber’s Top Rival In China ‘Didi’ To Become Asia’s Most Valued Startup

Published

on

UBER TOP RIVAL IN CHINA DIDI TO BECOME ASIA MOST VALUED STARTUP,Startup Stories,Startup Stories India,Inspiration Stories,2017 Most Read Startup Stories,UBER Latest News,DIDI Latest News

Didi, a Chinese mobile platform taxi calling app stands up to beat its major competitor Uber in Asia and becomes Asia’s most valued startup. It was just a year ago when Uber failed to get recognition in China and then decided to sell its subsidiary to rival Didi Chuxing.

Now, Didi is all set to raise funds worth $50 billion, eventually making itself as Asia’s most valuable startup and stands at the second position in the world after Uber ($68 billion), according to rankings by The Wall Street Journal.

The Wall Street Journal’s ranking was based on three factors: Those that are privately held, those have raised money in the past 4 years and have at least one venture capital firm as an investor.

Uber entered the Chinese market in 2013 and has lost approximately US $2 billion trying to compete with Didi. Uber was doing well in America but they were losing a lot of money in China. Ultimately it was in July 2016, Didi acquired Uber’s China operations.

Didi emerged as one of the major taxi apps in China with as many as 100 million users in more than 300 cities in China. This was established in 2012.

In a different note, major cab aggregator Ola and Didi have a common investor in them- SoftBank and also Didi is an investor in Ola.

By this, we can only say that the cab wars is getting uglier day by day.

Continue Reading
Advertisement
3 Comments

3 Comments

  1. Code of destiny

    March 13, 2025 at 8:43 am

    Hey! Do you know if they make any plugins to help with SEO?
    I’m trying to get my website to rank for some targeted keywords but I’m not
    seeing very good gains. If you know of any please share.
    Cheers! You can read similar text here: Change your life

  2. Autumn

    March 27, 2025 at 1:37 am

    I’m extremely impressed together with your writing talents as well as with the structure for your weblog. Is this a paid subject matter or did you modify it yourself? Either way stay up the nice high quality writing, it’s uncommon to look a great weblog like this one these days. I like startupstories.in ! Mine is: LinkedIN Scraping

  3. Christian

    March 27, 2025 at 4:44 pm

    I’m really impressed with your writing talents and also with the structure in your weblog. Is that this a paid topic or did you modify it your self? Either way keep up the nice quality writing, it’s uncommon to peer a great blog like this one these days. I like startupstories.in ! It is my: Blaze ai

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

Published

on

Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

Continue Reading

Inverstors Stories

Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

Published

on

Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

Continue Reading

Latest News

PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

Published

on

PayU

PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

Continue Reading
Advertisement

Recent Posts

Advertisement