gojek reportedly lays off employees: report 

gojek has reportedly laid off employees in the mid to lower level positions, as the Indonesian ride-hailing giant continues to focus on efficiency and profitability, according to to DealStreetAsia.

People familiar with the development told the publication that the latest round of job cuts was done last month.

“Good businesses like ours will always attract investment, but as the economic slowdown takes hold, the availability of that investment will be reduced, so we should focus every dollar where we think it will make the most impact and not take our resources for granted,” reads the memo which was sent by the company CEO.

Also Read: Morning News Roundup: Mandiri Capital to invest up to US$5M in Indonesian startups; OKCoin expands to Singapore

India’s unicorn Oyo adds US$807M Series F after announcing restructuring plans

Even after increased losses of the company, Indian hospitality company Oyo has raised US$807 million in Series F funding from SVF India Holdings and RA Hospitality, according to Inc42.

Prior to this, founder Ritesh Agarwal had expressed plans for global restructuring, which had led to a mass layoff of 10,000 employees over two months across 80 countries. 

Since 2012, OYO has expanded to 800 cities in 80 countries, including the US, the UK, and the Middle East, and some European countries. 

Meanwhile, in Asia, it has expanded its operations to China, Malaysia, Indonesia, and Japan.

Revolut launches Apple Pay for Singaporean users

Revolut announced today that it will allow customers to make quick and convenient purchases in stores, in apps and on websites via Apple Pay.

The fintech company has been rapidly launching a variety of features and enhancements since entering Singaporean waters. 

Also Read: Meet the VC: Stephanie Strunk of Amadeus Ventures on why women should support women

“Our goal is to provide users with a single financial-management platform and the ability to make payments quickly, conveniently and securely. Our customers have been requesting Apple Pay for a long time. We are proud to integrate Revolut with Apple Pay in Singapore,” said Eddie Lee, APAC Regional Director of Operations at Revolut.

Image Credit: Deva Darshan


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