India
The move mirrors rival Blinkit.
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Singapore
The National Competition Commission fined Recess $13,300.
BookMyShow’s backers also include Network18, Accel Partners, and TPG.
Wippi has raised $1.2m in a seed round led by 12 Flags.
Sales and marketing costs surged 64.5% to hold off fast-growing rivals.
Revenue surged 48.1% to $7.79 billion, while gross profit climbed 47.3% to $3.55 billion.
Profitability concerns and intense competition stunt investor enthusiasm.
Its consolidated net profit rose to $8.4m in Q2.
Grab booked a $307m one-off gain in Q2 after it began consolidating Superbank.
The round is likely to see participation from existing backers such as Glade Brook Capital and General Catalyst.
