OYO sacks 25 employees in China for unethical conduct, delists two hotels

Binu Paul

Budget hospitality chain OYO has fired 25 employees from its China subsidiary for misconduct and warned 110 more as part of an ....

18 April, 2019

Why a Snapdeal-ShopClues merger would be a win-win scenario

Binu Paul & Payal Ganguly

A potential merger between second-tier e-commerce companies Snapdeal and ShopClues opens up an interesting playground at the next ....

11 April, 2019
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Airbnb invests $75 mn in OYO at valuation of $4.3 bn

Vijayakumar Pitchiah

Homegrown hospitality unicorn OYO has received an investment of $75 million (Rs 519 crore at current exchange rates) from San ....

11 April, 2019

SoftBank India head Sumer Juneja joins Ola, Delhivery boards

Kavya Kothiyal

Sumer Juneja, the India head of Japanese internet conglomerate SoftBank Group Corp, has joined the boards of cab-hailing company ....

5 April, 2019

OYO takes hotel biz to Japan via joint venture with SoftBank

Vijayakumar Pitchiah

OYO is taking its hotel offerings to Japan as the hospitality unicorn presses on with its rapid global expansion on the back of ....

4 April, 2019

Delhivery, BigBasket close mega funding rounds among 15 startups funded this week

Kavya Kothiyal

A myriad of online businesses, from e-commerce to a bus aggregator to a business-to-business (B2B) marketplace, dominated startup ....

29 March, 2019
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Paytm likely to get $1.5-2 bn in fresh capital; PharmEasy may merge with Ascent

Binu Paul

One97 Communications Ltd, the parent company of digital payments firm Paytm, is raising $1.5-2 billion from its existing investors ....

28 March, 2019

Flipkart sets up fund for early-stage bets; PharmEasy, Drivezy may raise capital

Vijayakumar Pitchiah

Walmart-owned homegrown e-commerce major Flipkart has set up an internal fund for its early stage investments, a report in a financial ....

25 March, 2019

Airbnb may invest up to $200 mn in OYO: Report

Kavya Kothiyal

US-based online home rental company Airbnb is currently in talks to invest $100-200 million in homegrown budget hospitality chain ....

19 March, 2019

Digital insurance startup Acko raises $65 mn in Series C funding

Vijayakumar Pitchiah

Mumbai-based online startup Acko General Insurance Co. Ltd has raised $65 million (Rs 452.3 crore) in a Series C round of funding ....

13 March, 2019
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OYO to invest $200 mn in India & Southeast Asia ops this year

Vijayakumar Pitchiah

Hospitality unicorn OYO has committed to invest Rs 1,400 crore (around $200 million) in its Indian and Southeast Asian operations ....

12 March, 2019

From groceries to e-tailing, hyperlocal delivery startups back in the limelight

Kavya Kothiyal

Last month, food-tech unicorn Swiggy started offering home delivery of groceries and other daily essentials. And last week, Reliance ....

6 March, 2019

Delhivery is India’s latest unicorn after closing $395-mn funding round

Binu Paul

Logistics-tech firm Delhivery Pvt. Ltd has become the newest member of India’s unicorn club after raising $395 million (around ....

6 March, 2019

SoftBank leads $60 mn follow-on round in online grocery startup Grofers

Kavya Kothiyal

Online grocery startup Grofers India Pvt. Ltd has raised $60 million (Rs 425.4 crore at current exchange rate) in a follow-on ....

28 February, 2019

SoftBank and Carlyle get CCI nod to acquire stakes in Delhivery

Kavya Kothiyal

The Competition Commission of India (CCI) has given the go-ahead to Japan's SoftBank Corp to acquire 22.44% stake in logistics ....

28 February, 2019

InMobi floats new biz unit to offer cloud-based solutions for telcos

Anand J

Mobile advertisement platform InMobi has launched a cloud-based solution to help telecom companies boost the privacy, security ....

26 February, 2019

Startups bullish about fundraising but hiring still a pain point: TechCircle survey

Kavya Kothiyal

A record year for fundraising in the Indian startup ecosystem has made entrepreneurs bullish about their prospects of raising ....

19 February, 2019

OYO marks close of $1 bn funding round with Didi Chuxing investment

Binu Paul

Budget hospitality chain OYO has raised $100 million (Rs 709.4 crore at current exchange rate) from Chinese ride-hailing firm ....

14 February, 2019

Ola in talks to raise funding from Mirae Asset-Naver Asia fund: Report

Kavya Kothiyal

Cab-hailing company Ola is in talks with a joint venture of South Korean companies Mirae Financial Group and Naver Corp to raise ....

11 February, 2019

OYO revenue more than triples in FY18, loss stable

Vijayakumar Pitchiah

Budget hospitality chain OYO reported a three-fold rise in operating revenues amidst stagnant losses even as gross expenses rose ....

5 February, 2019

Ola raises $16 mn in fresh capital from new US-based investors

Kavya Kothiyal

ANI Technologies Pvt. Ltd, which operates cab-hailing app Ola, has raised Rs 112 crore ($15.6 million) from a clutch of new foreign ....

5 February, 2019