Oyo Rooms
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Oyo Rooms accused of questionable practices, toxic culture and fraud by former employees, hotel partners
•Oyo has also imposed extra fees on hotels and declined to pay the hotels the full amounts they claimed they were owed, according to interviews
India emerges third-largest ecosystem for successful startups behind China, US: Hurun Global Unicorn List 2019
Fp Staff •Startups leading the pack from the country are payments solutions platform One97 Communications ($10 billion), cab aggregator Ola Cabs ($6 billion), online educator Byjus ($6 billion), and travel-stay finder OYO Rooms ($5 billion).
Indian Hotels check out of Oyo app citing hidden charges levied by platform
•Oyo charges hotels a roughly 20 percent franchise fee on room revenues, but some Indian hotel operators say it ends up taking half or more of revenues
Delhi-NCR ahead of Bengaluru, Mumbai with over 7,000 start-ups, 10 unicorns, new biz valuation of around $50 bn: Report
•Within Delhi-NCR, Delhi accounted for 4,491 start-ups, Gurugram 1,544 and Noida 1,004 new businesses.
Ten startups to be part of Extreme Entrepreneurs by Lightspeed
Press •The finalists of the EE 2019 challenge are Bakbuck, Deepsync, EazyPG, GroMo, Gratitude, Ithaka, Openapp, Xeno, Womaniya and Blackboard Radio
Reliance Jio Digital Services acquires AI firm Haptik in Rs 700 cr-deal; investment focus on expansion of platform
•Reliance will hold about 87% of the business with the rest being held by Haptik founders and employees through stock option grants.
Oyo to expand 'SilverKey' hotels to 19 cities in 2019; eyes corporate travel sector to spur growth this year
•With the commitment to expand SilverKey footprint to 19 cities, Oyo is decisively betting big on corporate travel.
Oyo to start sharing customer data with state govts, local authorities: Reports
Tech2 News Staff •Access to data will be provided only after Oyo is presented with an information order for an investigation.
Oyo enters long-term housing rental segment, rolls out services in Noida, Gurgaon, Bengaluru, and Pune
Fp Staff •Oyo Living has onboarded about 36 properties with 2,000 beds, and the plan is to scale it to about 50,000 beds in the next one year
OYO raises $1 billion fund: How 24-year-old Ritesh Agarwal turned his idea into India's second most valuable start-up
Fp Staff •