Ticket Booking Startup Beijing Weiying Raises $105M From Investors Including Tencent

Originally posted on TechCrunch:
Beijing Weiying Technology, the maker of a movie ticket booking platform that is embedded in WeChat, China’s largest messaging app, has raised a $105 million series B. Investors include WeChat owner Tencent and Wanda Group, one of China’s largest movie theater operators. Weiying’s app, WePiao, can be accessed through WeChat, as well…

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Indian Payments Startup MobiKwik Nabs $25M From Tree Line, Cisco, AmEx And Sequoia

Originally posted on TechCrunch:
The rise of e-commerce in India has triggered a wave of startups that are leveraging the increasing adoption of smartphones to provide mobile payment solutions. Alibaba invested in Paytm at an apparent billion dollar valuation earlier this year, and now MobiKwik is the latest to be flushed with new cash. New Delhi-based MobiKwik has…

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Uber Launches Auto Rickshaw Service In India, Allows Cash Payments For First Time

Originally posted on TechCrunch:
India’s taxi app hailing war is heating up. This morning, details of Ola’s latest $310 million funding round surfaced, and just hours later, Uber has introduced its first service that allows cash payments in the country. UberAuto is a new category for hailing auto rickshaws that is debuting in New Delhi. Uber said…

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