Consumer Economy

Telio was one of 17 companies from the inaugural cohort of Surge, a scale-up program launched by Sequoia Capital India earlier this year.

Online retail sales in China are expected to hit USD 1.5 trillion by the end of 2019.

Competition in Vietnam’s e-commerce market is fierce.

The global economy slowdown and failed IPO cases have made investors more selective in investing in early stage startups.

The new feature can offer financing to around 350,000 Tokopedia offline agents with small kiosks.

The acquisition will enable Zilingo to access previously untapped markets by adopting nCinga’s Manufacturing Execution System (MES) software.

Investments in logistics startups this year have more than doubled to USD 1.04 billion across 29 deals.

Head-on competition from a deep-pocketed rival could be a headache for the still loss-making startup.