In Numbers: India is unicorn country

Anand J

India is home to the most number of unicorns — private firms valued a billion dollars or more -- in the world after China ....

8 November, 2019

Paytm Mall narrows FY19 losses on the back of O2O strategy

Shashank Didmishe

Paytm E-Commerce, which owns online marketplace Paytm Mall, has narrowed its consolidated losses for the financial year 2018-19 ....

1 November, 2019
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TikTok parent ByteDance rings in profits in first full year of India operations

Payal Ganguly

ByteDance India Technology, the Indian subsidiary of the Chinese internet giant that owns the popular short video app TikTok, ....

31 October, 2019

SoftBank-backed Delhivery’s losses shoot up to Rs 1,781 crore

Supriya Roy

Gurugram headquartered logistics company Delhivery widened its losses more than two and a half fold for the financial year 2018-2019, ....

29 October, 2019

TechThisWeek: Crisis at Infosys; SoftBank and WeWork; startup founder exits

Shweta Sharma & Payal Ganguly & Prajeet Nair

Bengaluru headquartered information technology firm Infosys in the spotlight this week when market regulators turned on the heat ....

26 October, 2019

SoftBank takes ownership of WeWork with $9.5 bn rescue deal

Binu Paul

About a month after its founder Adam Neumann stepped down as CEO, co-working giant WeWork and its largest investor SoftBank Group ....

23 October, 2019
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What Flipkart is up against in India’s competitive hyperlocal grocery market

Supriya Roy

Walmart-owned ecommerce firm Flipkart is en route to attempt it's farm-to-fork foray with Flipkart FarmerMart, banking on ....

22 October, 2019

After Series C recharge, True Balance primes for full-scale fintech play

Payal Ganguly

After spending nearly a decade working with the Indian market, Cheolwon (Charlie) Lee decided to enter the mobile applications ....

21 October, 2019

OYO launches booking portal for travel agents

Shashank Didmishe

Hospitality chain OYO Hotels and Homes has launched a hotel booking portal, SuperAgent, for offline travel agents.  The ....

18 October, 2019

WeWork India to raise $200 million for growth push: Reports

Payal Ganguly

Even as WeWork faces headwinds at its home base, the co-working giant is pushing ahead with growth plans for India. WeWork India, ....

11 October, 2019
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Co-working space provider WeWork might lay off 500 employees: Report

Tanmay Tiwary

SoftBank-backed co-working space provider WeWork is planning to cut 500 tech roles, TechCrunch reports. The New York-based ....

9 October, 2019

OYO, Softbank acquire realty company MDI to boost Japan operations

Shashank Didmishe

Gurugram-based OYO Hotels & Homes and Softbank have acquired Japan-headquartered rental services provider MDI. “Through ....

9 October, 2019

Ritesh Aggarwal to invest $700 mn in OYO's $1.5 bn growth round

Shashank Didmishe

Softbank-backed OYO Hotels & Homes is close to raising $1.5 billion through a growth round led by RA Hospitality, owned by ....

7 October, 2019

TechThisWeek: Adam Neumann, Facebook ICC, IRCTC IPO, Alibaba and Ant Financial

Shweta Sharma & Payal Ganguly & Anirban Ghoshal

Things have gone south all too quickly for WeWork, the SoftBank-backed co-working company that’s become the poster child ....

28 September, 2019

Goldman Sachs-backed Nestaway enters the co-living market with Hello World

Payal Ganguly

Home rentals firm Nestaway Technologies has entered the co-living market with the launch of a subsidiary called Hello World. Apart ....

18 September, 2019

Hyundai, KIA Motors seek CCI nod to invest in Ola EV arm, parent

Vijayakumar Pitchiah

South Korean automotive major Hyundai Motor and its sister company Kia Motors, have sought the approval of the Competition Commission ....

16 September, 2019

Ola primes for 3X growth in two-wheeler mobility business

Tanmay Tiwary

Ride hailing platform Ola has expanded its two-wheeler services to 150 cities across India. Ola claims it is making “inroads ....

13 September, 2019

SoftBank insists WeWork postpone IPO, cites low valuation

Shweta Sharma

Japanese conglomerate SoftBank Group has asked co-working space provider WeWork to postpone its proposed initial public offering ....

10 September, 2019

CPPIB bets $115 million on logistics unicorn Delhivery

Team TC

Delhivery, the SoftBank backed logistics company, has raised $115 million from Canada Pension Plan Investment Board (CPPIB). The ....

10 September, 2019

Kedaara Capital bets on Lenskart; partial exits for PremjiInvest, Chiratae: Report

Team TC

Delhi headquartered omnichannel eyewear retailer Lenskart Solutions (earlier known as Valyoo Technologies) may be headed into ....

3 September, 2019

Gaming unicorn Dream11 in talks with SoftBank, Naspers, Tiger Global for $500 mn funding: Report

Team TC

Online fantasy gaming startup Dream11 is in discussions with a number of top technology investors including SoftBank Vision Fund, ....

30 August, 2019