iCar Asia sees cash receipts rise 39% to US$2.9mil in 4Q19
Net operating cash flow improves by 37% for full year 2019 and by 25% year-on-year for 4Q.
iCar Asia to acquire Carmudi Indonesia for US$3mil
iCar Asia strenthens its market position in Indonesia with proposed acquisition of Carmudi Indonesia by Oct 2019 for US$3 million.
Rocket Internet’s Carmudi gets US$10mil funding for Asia ops
Rocket Internet-backed online car classified startup Carmudi said it has secured about US$10 million in funding from a range of investors including Tengelmann Ventures, the investment arm of retail giant Tengelmann Group.
Rocket Internet’s Carmudi moves into Indonesia, Philippines
Rocket Internet’s automotive classifieds company Carmudi, already present in Myanmar, has launched in Indonesia and the Philippines as part of its expansion into South-East Asia, saying the two countries offer potential for economic growth.
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Digerati50 2020-2021

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