In a first, state-owned LIC may invest in Zomato’s public offer
Zomato’s valuation has surged from around $5.4b in January to over $8b in June.
Amazon platforms down for multiple users
More than 37,000 users reported issues with Amazon’s online store site, while about 280 users had problems with Amazon Web Services.
China drafts new cyber-security industry plan to govern data storage
China’s cyber-security industry may be worth over $38.6 billion by 2023.
Instawork raises $60m funding as it looks to double India workforce
India contributes about 35% to the company’s total employee base.
Indonesian fintech startup PAYFAZZ secures e-money license
The company plans to launch e-money services for its financial services ecosystem.
Vietnam’s Mekong Capital invests $8.8m in probiotics producer LiveSpo Global
LiveSpo produces spore-based probiotics in liquid form, multi-strains, and high concentration.
Australia’s retail firm Wesfarmers eyes pharmacy sector with $509m API bid
The bid comes at a time when coronavirus restrictions have resulted in closures of API’s stores and clinics.
Indonesia’s Emtek Group open to external funding for its video-on-demand service
The group is busy building two new business pillars — digital companies and healthcare.