Cambodia | Pixr8 News

Ride-hailing firm Grab, the biggest Southeast Asian rival of Uber Technologies Inc, on Tuesday said it has launched services in Phnom Penh, Cambodia, expanding its presence to an eighth country in the region. The Singapore-headquartered firm said it signed a memorandum of understanding with Cambodia’s Ministry of Public Works and Transport to support infrastructure development. The launch marks the latest development in a quick-moving industry, coming just three months after Uber likewise began services in what the World Bank ranks as the sixth-fastest expanding economy. In October, Grab secured $700 million in debt financing to expand its fleet and signed an exclusive partnership with Singapore public transport operator SMRT. Earlier this month, Singapore taxi firm ComfortDelG...

Online pharmacy Netmeds has raised USD 14 million (over Rs 90 crore) in the latest round of funding from Cambodian investment holding company Tanncam and venture firm Sistema Asia Fund. Tanncam and Sistema will join early investors investment bank MAPE and OrbiMed Asia, along with Pradeep Dadha and his family, as stakeholders in the company, Netmeds said in a statement. Netmeds CEO Pradeep Dadha said: "We believe that this round of funding reflects a renewed confidence in the industry and its future, brought about by both GST and the governments release of the draft of rules governing online pharmacies." The investment will be used to continue to build upon Netmeds consumer base and expand its reach to more locations in the country, he added. Also Recommended Russian Groups...

Tag: Cambodia

Ride-Hailing Firm Grab Launches Services In Cambodia

Online Pharmacy Netmeds Raises $14M Funding