Didi’s US$4B and Indus OS’s US$4 million fundraising are the highlights of the day

Didi raises a whopping US$4B in funding [e27]

Didi Chuxing, China’s dominating ride-hailing giant, today announced that it has raised over US$4 billion in a new equity funding round. Now having US$12 billion in cash reserves, Didi has a valuation of more than US$50 billion, making it one of Asia’s largest startups.

The new funding will be used to support Didi’s AI capacity-building, international expansion, and new business initiatives, including the development of new energy vehicle service networks, according the company’s statement.

MyEG’s venture arm invests US$2.5M in Stampede Holdings [DealSteetAsia]

Malaysian e-government service provider MyEG’s venture investment arm MY EG Capital has invested US$2.55 million (MYR 10.4 million) in enterprise software firm Stampede Holdings in return for a 23.5 per cent stake.

The investment in Stampede, which claims to be the largest technology service provider to debt collection agencies in Malaysia, marks MY EG Capital’s largest funding to date.

Indus OS raises US$4M from Omidyar Network, others [Press release]

Indus OS, India’s home-grown smartphone operating system and native applications platform, has raised US$4 million in pre-Series B round of investment from existing investors Omidyar Network, Ventureast and JSW Ventures.

This round takes Indus OS’s total funding to US$13 million, and the funds will be used to accelerate brand partnerships, user acquisition and new product development.

Launched in 2015, Indus OS claims to be the second largest operating system in India, ahead of global giants such as Apple’s iOS and Microsoft’s Windows. Currently, it has a user base of 10 million, across its smartphone brand partners such as Micromax, Intex, Karbonn, Celkon, and Swipe.

Digi introduces US$245,000 fleet transformation fund for SMEs [The New Straits Times]

Mobile telecommunication service provider Digi.Com Bhd has introduced RM1 Million (US$245,000) Fleet Transformation Fund to help enterprises digitise their business in the area of fleet management, leveraging on iFleet, the company’s fleet management solution.

Digi’s chief digital officer Praveen Rajan believes small and medium enterprises (SMEs) are the core audience where it can make the most difference in terms of business impact for participants.

HelloGold partners with Axiata’s mobile lifetstyle wallet Boost  [Press release]

Malaysia’s online gold trading platform HelloGold has announced that it is partnering with Boost, a mobile lifestyle wallet developed by Axiata Digital.

The partnership is looking to integrate the HelloGold offer with Boost, which allows Boost users to buy 99.99 per cent pure gold starting from as little as RM1.

HelloGold provides an app-based platform that allows customers to buy, store, and sell physical investment-grade gold. The physical gold is safely vaulted and can be delivered to the customer directly.

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