Friday Flashback: India's First Grocery Store Joins the Unicorn Club

Know what happened in the APAC region over the past week

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Former Correspondent, Entrepreneur Asia Pacific
1 min read

Here's a series on the big developments that took place in the APAC region over the past one week.

  • Uber to acquire Careem. The San-Francisco based ride-hailing giant is buying its Middle East rival Careem for $3.1billion. It’s going to be the biggest ever tech deal in the region.
  • After the $150 million funding from Alibaba, India’s first online grocery story BigBasket turns unicorn after eight years of its launch, with $1billion or more valuation.
  • Chinese shoppers break all records with $41.5 trillion mobile payments last year, says a new study by People’s Bank of China.


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