Ola Electric acquires Amsterdam-based AppScooter maker Etergo, to launch electric two-wheeler next year
Ola Electric, without disclosing the deal value, said it aims to launch its electric two-wheeler in India in 2021, and the acquisition of Etergo will further bolster OEM's engineering and design capabilities.
Startup community stares at fund crunch in absence of venture capital, reinvents businesses to survive economic slowdown
The rapid global economic slowdown, India’s coronavirus lockdown of 1.3 billion people and an exodus of venture capital are testing a start-up community that has quickly become one of the world’s biggest, raising a record $14.9 billion last year
Indonesian President Joko Widodo is weighing an audacious 2032 Olympics bid centred on the country’s not-yet-built new capital and is in early talks with SoftBank chief executive Masayoshi Son and other investors
Private equity, VC investments hit record high of $48 bn in 2019; huge fund flow to infrastructure sector drives growth: Report
As per the report, private equity/VC investments in infrastructure space were at $14.5 billion in 2019, which were higher than the cumulative PE/VC infrastructure investments received in the previous seven years.
Exclusive: Oyo’s Ritesh Agarwal opens up about job losses, Aditya Ghosh, governance issues, and SoftBank’s role
“This is the first time I am doing an interview, but I have been open all throughout.”
Entrepreneurs should not make the unicorn status the measure of their success, says InfoEdge co-founder
Startups should aim for customer satisfaction, unit economics, profitability, and not unicorn status.
Ritesh Agarwal, the company’s chief executive, said Oyo was focused on sustainable growth and profitability — which meant layoffs.
Oyo CEO Ritesh Agarwal hints at more layoffs to drive sustainable growth; around 1,000 Indian employees to lose jobs
The focus of Oyo and Agarwal for 2020 will be on sustainable growth, operational and customer excellence, profitability, and training and governance.
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
Oyo likely to cut 2,000 jobs in India by end-January as part of cost-cutting, technology addition measures
Last month, Oyo’s internal projections showed it may not make a profit in India and China until 2022, even as the India-based hotel chain revealed a six-fold rise in losses during fiscal year 2019.
SoftBank-backed Paytm raises $660 mn from Alibaba arm Alipay, others; 2.6 mn shares to be allotted to investors
On 29 November, there were reports that Paytm was looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron.
Wag CEO reportedly said that they are amicably parting ways with SoftBank and SoftBank will no longer have board representation.
Masayoshi Son, CEO and Founder of SoftBank, during his India visit, said that he wants to bet on the future.
Paytm had earlier this week announced a $1 billion (around Rs 7,173 crore) fund raise led by US-based asset management firm T Rowe Price
Oyo unlikely to make profit in India, China until 2022; reveals six-fold rise in losses during fiscal year 2019
The losses highlight rapid expansion by Oyo into China, the US, the UK and other markets, which has made the six-year-old startup one of the world’s biggest hospitality brands by room count.
Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion
When its rivals like Google Pay and PhonePe are spending massively on cashbacks, Paytm said it would use Rs 10,000 crore to add as many small merchants and businesses as possible into its fold.
The funding round valued Paytm at $16 bn, making it the second most valued Indian startup after Flipkart.
The layoffs began weeks ago overseas and continued this week in the United States, WeWork said.
Uber has entered new era of focussing on profits, CEO Dara Khosrowshahi feels he's the right guy for the company now
Khosrowshahi said Kalanick had done “an incredible job” of building the company. But Uber has entered a new period of focusing on profits.
Flipkart incurs higher loss of Rs 3,836 cr during FY18-19 against Rs 2,063 cr previous year; revenue from operations up
Flipkart India's revenue from operations, however, saw a 42.82 percent jump to Rs 30,931 crore in 2018-19 from Rs 21,657.7 crore in previous financial year