Uber files for highly anticipated IPO This comes as its competitor, Lyft Inc announced on Thursday it had filed for an IPO. Uber’s valuation in its most recent private financing was $76bn and is estimated to be worth $120bn in an IPO. Read more.

Ride-hailing firm Grab invests £100m into India’s OYO budget hotels This was part of a $1bn Series E round led by SoftBank’s Vision Fund. So far, Grab's investments include bike-sharing startup oBike, grocery delivery service HappyFresh and its $100m acquisition of offline payment network Kudo. Read more.

ByteDance to raise $1.45bn for a new fund The company behind the popular video app TikTok believes the new fund will help it power artificial intelligence and media content. The company recently merge teen video app Musical.ly into TikTok, which have 100 million and 500 million users, respectively Read more.

Flipdish raises €4.8m in Series A funding round The ordering and loyalty platform enables restaurants to directly accept orders and manage their online presence and operations. The company powers over 1,000 restaurants across Europe and has enabled more than €25m in orders so far. Read more.

Online grocery store British Corner Shop reports 25% growth The store offers British food shopping and worldwide delivery for the expat commnuity. Naming confectionery as its most popular category, the company now delivers over 13,000 UK brands to 196 countries worldwide. Read more.

Ride hailing firm Lyft files for IPO Last valued at about $15bn in a private fundraising round, it is estimated that Lyft could go public as early as the first quarter of 2019. The firm has not specified the number of shares it was selling or their price range. Read more.