Grab, Southeast Asia’s major ride-hailing and food delivery app, has increased its stake in Indonesian digital payment service Ovo to about 90%, Bloomberg reported. In the deal, Grab bought some Ovo shares that were owned by Indonesian e-commerce company Tokopedia. The restructuring of Ovo’s ownership comes after Tokopedia struck a deal earlier this year to merge with Indonesian ride-hailing...
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AI Startups Are Trying to Make Usage-Based Pricing Happen
Tech waves have often brought along with them corresponding changes in business and pricing models. For instance, when companies moved from using servers in their own data centers to ones hosted by public cloud providers, they also switched from buying packaged software a la carte to subscribing to cloud-based software, leading to the much-loved SaaS model we see today.Now, VCs are telling me...
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