- Saturday, 16 February 2019 |
- Today's FE |
- e-Paper
FE Online Report | Published: November 29, 2017 14:23:38 | Updated: December 01, 2017 11:13:39
Indonesian unicorn Go-Jek is learned to have picked up a relatively small stake of around $2 million in Pathao, a two-wheeler riding startup app based in Bangladesh.
These companies are understood to have closed the deal a few weeks back, DEALSTREETASIA reports quoting two people familiar with the development.
As Pathao is not acute on selling and holding the majority of the company, Go-Jek has opted for a relatively small stake.
Pathao started off as a delivery partner to e-commerce merchants in 2015, which was founded by Hussain Elius. Now it claims to be the biggest transport service company in Bangladesh.
NRB Bank opens 41st branch at Debidwar, Cumilla
15th BASIS SoftExpo 2019 kicks off March 19
Smartphone shipments in China drop 11.4pc in Jan
Uber registers $3b in revenue for Q4
BJA for lifting export ban on low-grade jute
Ease of doing business, curbing graft are top priorities: Tipu Munshi
BD signs deal with Siemens for 3,600MW power plant
Move underway to promote rural microenterprises involving $190m
Backward linkage lag inhibits export of pharma products
New projects likely to get inadequate funds
Incentive turf not even for all export products
BD signs deal with Siemens for 3,600MW power plant
Weekly analysis: Major sectors lead stocks lower
Fortune Shoes shines with highest turnover
Suhrawardy Hospital lacks basic fire-safety measures
© 2017 - All Rights with The Financial Express
