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

Pune’s SuperGaming Secures $15M to Expand in Emerging Markets

Published

on

Super Gaming

SuperGaming, the Pune-based gaming innovator known for hit titles like MaskGun and Indus Battle Royale, has raised $15 million in a Series B funding round, boosting its valuation to an impressive $100 million. This marks a nearly fivefold increase from its 2021 valuation of $21 million, highlighting the company’s rapid growth and the rising investor confidence in India’s booming gaming industry. The funding reflects SuperGaming’s strong market presence and strategic vision to become a global leader in online gaming. 

The funding round was spearheaded by Skycatcher and Steadview Capital, with significant participation from notable international investors including a16z Speedrun, Bandai Namco O21 Fund, Neowiz, and prominent Web3 financiers such as Polygon Ventures and Sandeep Nailwal. Existing backers like AET Japan and BACE Capital also continued their support. SuperGaming aims to utilize this capital infusion to expand its footprint internationally, focusing on emerging markets. A key initiative includes launching its award-winning game, Indus Battle Royale, in Latin America through a partnership with LOUD.GG, alongside rolling out its proprietary SuperPlatform developed with Google Cloud to empower game developers worldwide, especially in resource-constrained regions. 

CEO and Co-Founder Roby John emphasized that this funding milestone is crucial in shifting India from merely a gaming consumer base to a hub for gaming innovation. By adopting a “hyper-local” strategy that tailors games to diverse cultures in underrepresented markets like the Middle East and Latin America, SuperGaming is poised for global growth. With over 200 million installs and an expanding user base, SuperGaming’s recent fundraising solidifies its position at the forefront of India’s gaming revolution, ready to make a major impact on the international stage.

Continue Reading

Latest News

Swiggy DeskEats: Office Food Delivery Launched in 30 Cities

Published

on

Swiggy

Swiggy, India’s leading online food delivery platform, has introduced DeskEats, a unique meal delivery service specifically designed for office-goers and working professionals across 30 major cities. DeskEats aims to streamline office dining by offering a diverse, office-friendly menu, making it easier than ever for corporate employees to enjoy convenient and delicious meals right at their workplace. By simply typing “Office” or “Work” in the Swiggy app, users can unlock curated collections like Value Combos, Stress Munchies, Healthy Nibbles, and Teamwork Bites, catering to every office dining scenario—from solo meals to team lunches and quick snack breaks.

Swiggy’s DeskEats is now operational in over 7,000 tech parks and business centers, granting office workers access to nearly 700,000 menu items from over 200,000 restaurants. This vast variety ensures there’s something for everyone, addressing the growing demand for quick, tasty, and nutritious food that fits seamlessly into the busy schedules of working professionals. Early trends from DeskEats’ pilot phase show a strong preference for easy-to-eat options like chicken popcorn in Bengaluru and garlic breadsticks in Gurugram, reflecting the popularity of meals tailored for the modern workday.

Expanding upon its Corporate Rewards Program, which is already trusted by thousands of organizations, Swiggy enables companies to enhance employee wellness programs by offering food delivery, groceries, and dining benefits efficiently. With DeskEats, Swiggy reaffirms its commitment to transforming workplace dining by prioritizing variety, convenience, and user satisfaction—cementing its position as a key player in the evolution of India’s office food culture.

Continue Reading

Latest News

Setu Builds Fintech Powerhouse Leadership Team as Pine Labs IPO Nears

Published

on

Pine Labs

Setu, the API infrastructure platform and subsidiary of Pine Labs, has significantly strengthened its leadership by appointing Prashanth Nimmagada (ex-Razorpay) as Chief Technology Officer, signaling its commitment to innovation in India’s dynamic fintech landscape. Alongside Nimmagada, Setu has welcomed other top industry talent: Vijeth Pandit (ex-Razorpay) as Chief Product Officer, Ramkumar Thirumurthi (ex-Razorpay, co-founder Actyv.ai) as Chief Revenue Officer, Nikhil Ratanpal (ex-PhonePe) as Director of Product Development, and Santosh Subramanian (ex-Yes Bank, Wibmo) as Head of Finance. These high-profile hires accompany Anand Raisinghani’s (ex-SAP India) appointment as CEO, underscoring Setu’s focus on building a strong, experienced leadership bench to drive future growth.

Setu specializes in providing API-based digital financial infrastructure for services such as UPI, bill payments, KYC, and digital signatures, while also operating as an RBI-licensed NBFC Account Aggregator. With this expanded leadership team—drawn from India’s leading fintechs—Setu is well-positioned to accelerate the development of scalable, API-driven financial solutions for banks, fintechs, and enterprises. The influx of expertise from Razorpay and PhonePe veterans will bolster Setu’s technical capabilities and strategic partnerships, ensuring it remains a key enabler in India’s rapidly maturing digital public infrastructure ecosystem.

This leadership overhaul comes as parent company Pine Labs prepares for a major IPO, aiming to raise ₹2,600 crore through a fresh share issue after turning profitable in FY25. Setu’s enhanced leadership reinforces the broader group’s ambitions for international expansion, technological innovation, and financial performance. As Setu solidifies its role at the forefront of India’s fintech evolution, the company is poised to deliver advanced financial infrastructure solutions that support the country’s growing digital economy and drive Pine Labs’ strategic momentum.

Continue Reading
Advertisement

Recent Posts

Advertisement