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April 3, 2017 04:05 am GMT
Grab, Uber’s biggest rival in Southeast Asia, has completed its first major acquisition after it bought upIndonesian startup Kudo to boost its nascent mobile payments platform. Neither party is giving a figure for the size of the deal,which was first rumored in February. Initial reports at the time suggested Grab would pay over $100 million for Kudo, but two sources close to the… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/l8sXtgu5aZo/
Uber rival Grab makes first major acquisition to build out its payments platform
Grab, Uber’s biggest rival in Southeast Asia, has completed its first major acquisition after it bought upIndonesian startup Kudo to boost its nascent mobile payments platform. Neither party is giving a figure for the size of the deal,which was first rumored in February. Initial reports at the time suggested Grab would pay over $100 million for Kudo, but two sources close to the… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/l8sXtgu5aZo/
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