News

Delivery
Gorillas Aims To Bring eGrocery Into The Future With Lightning-Fast Delivery
July 09, 2021

There is a lot happening in online grocery right now. Instacart is making major moves in preparation for its public listing, restaurant delivery services are getting into grocery, and venture capitalists (VCs) are pouring billions into online grocery solutions around the world. With the huge...

IPO
Digital Wallet Startup MobiKwik Seeks $300M In IPO
July 09, 2021

One MobiKwik Systems Pvt is inching closer to an initial public offering in Mumbai, India, that could raise about $300 million, sources told Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
As Open-Air Shopping Rises, Malls Feel The Pinch
July 09, 2021

Is the American mall in crisis mode? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...

Fintech Investments
London & Partners Acting CEO: Payments ‘Clarity’ Aids In Record First-Half Haul For FinTechs
July 09, 2021

Is London’s FinTech scene bigger than the Beatles? That’s an unequivocal “no,” but the playful comparison can be forgiven in light of London’s rise as an epicenter of FinTech activity. The city is awash in venture capital (VC) seeking unicorns — but not the type...

Retail
With New CEO, Instacart Eyes Customer Growth In Advance Of Public Listing
July 09, 2021

Instacart is making some major changes as it gears up to go public. On Thursday (July 8), the company announced that it is appointing board member Fidji Simo, who has spent a decade at Facebook, most recently as head of the social media platform’s app,...

Ridesharing
Chinese Regulators Mandate Removal Of 25 Other Didi Apps
July 09, 2021

Chinese regulators, including the Cyberspace Administration of China, mandated that app stores in the country delete 25 apps relating to ride-hail platform Didi, including its financial services application and its carpool app, the Wall Street Journal reported on Friday (July 9). Get the Full Story...

Banking
China’s Central Bank Wants To Help SMBs Borrow
July 09, 2021

The People’s Bank of China said Friday (July 9) it was taking measures that would help commercial banks lend more money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
SoftBank Looks To Back India’s Biggest Digital Pharmacy Chain
July 09, 2021

SoftBank Group is in talks to back API Holdings, parent company to PharmEasy, the biggest digital drugstore chain in India, Bloomberg reported on Friday (July 9), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

IPO
Ride-Hailing App Ola Prepares For $500M IPO
July 09, 2021

Ola, the Indian ride-hailing startup and one of Uber’s chief rivals, announced Friday it is raising $500 million ahead of an initial public offering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...