Why an Ola/Uber India merger isn't gonna happen just yet

As ride-hailing giants consolidate and focus on their own markets, investors will celebrate. But becoming a dominant player brings risks.

The first 'pure-play' electric vehicle manufacturer to IPO on the Indian market is the largest listing this year in the country, while baby-product firm Brainbees Solutions has also listed; both have seen their shares soar on debut.

The ride-hailing unicorn is launching a super-app, seeking out partners along the transport value chain, and targeting $1 billion in revenues this year. It’s drive for scale refuses to slow.

But to keep the private capital rolling it is important to focus on quality and not just quantity, says the start-up's president, Ming Maa.

President Ming Maa tells FinanceAsia about why the mobility app needs a fresh capital infusion to build scale across Southeast Asia and how that expansion squares with its route to profitability.

India’s largest multispecialty hospital network by bed capacity opened more than 10% above its offer price. In another deal, KKR has acquired Hyderabad-based hospital chain Medicover Hospitals India, as the country’s private healthcare market grows.