Grab Reportedly Seeking $2 Billion to Acquire Rival GoTo

The CEO of Indonesian super app GoTo is reportedly still weighing a merger with rival Grab. Patrick Walujo made those comments to the Financial Times (FT) in an interview published Wednesday (March 12), while also revealing his company’s first annual profit. “I will always be open to anything that...

Deliveroo Plc, the British food delivery company, posted strong earnings on Thursday (Aug. 10) for the first half of 2023, even while total orders fell 6% as the company looks to return 250 million pounds ($317 million) to shareholders. Deliveroo customers placed 145.2 million orders in...

With food being a multiple-times-a-day necessity for consumers, fulfilling this need allows apps to embed themselves deeply in their users’ daily routines. Food delivery services, bringing meals to consumers’ doors with the speed and convenience they increasingly expect, have the opportunity to quickly become indispensable....

Digital wallet GoPay is teaming with Bank Jago, the technology bank from Indonesia, to work on more streamlined digital banking to help the vast number of unbanked and underbanked people in the country, a press release says. Under the partnership, the Gojek application will enable...