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.
Hotel operators who partnered with Oyo call it 'biggest online fraud', demand criminal probe against Softbank-backed startup now poised to raise $1.5 bn
Founded in 2013, Oyo started by aggregating bookings for India’s budget hotels, promising a standard of service in a market where that was more often the exception
While SoftBank’s Saudi-backed Vision Fund poured tens of billions of dollars into bets on late-stage tech startups around the world, it overlooked Japan in favour of countries like the US, China and India.
Honda, Hino to join SoftBank-Toyota partnership's self-driving car service project; to take 10% stake in venture
The new investment from Hino and Honda would leave SoftBank with a 40.2 percent stake in Monet, down from just over 50 percent when the venture was formed. Toyota will hold a 39.8 percent stake.
SoftBank Group to invest $450 million in logistics company Delhivery; Gurugram-based firm to be valued at $1 billion
SoftBank's Vision Fund will invest around $350 million in Delhivery initially
Softbank's Son’s speech cancellation comes as pressure mounts on Riyadh over Khashoggi.
Oyo enters long-term housing rental segment, rolls out services in Noida, Gurgaon, Bengaluru, and Pune
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
SoftBank Group Corp has decided to invest $60 billion-$100 billion in solar power generation in India, Japanese public broadcaster NHK reported on Friday
It also did not comment on its reasons for cashing out. The Flipkart exit comes far more quickly than SoftBank’s average investment duration of 13.5 years.
SoftBank Group CEO Masayoshi Son said Wednesday it has reached an agreement to sell its stake in Indian e-commerce company Flipkart to Walmart
Flipkart-Walmart deal: Co-founder Sachin Bansal to offload his 5.5% stake in firm after US retail giant's investment
There have been reports about Sachin exiting Flipkart after the Walmart deal is sealed.
Walmart-Flipkart: Alphabet, US retail giant likely to buy up to 75% stake; deal to be announced before end of week
Sources said that Flipkart Group Chief Executive Binny Bansal held a closed-door meeting with the firm’s top leadership at its Bengaluru headquarters on Monday, and one added that Bansal said that Flipkart co-founder Sachin Bansal would exit after the Walmart deal is sealed.
Walmart could seal Flipkart deal by end June to mark US retail giant’s biggest acquisition of an online business
Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the US retail giant’s biggest acquisition of an online business
Slack valuation boosted to $5.1 billion after raising $250 million from Softbank and other investors
The fund provides resources which will help Slack to run as a cash-generating company and the raise will reduce its dependence on outside financing.
SoftBank's $2.5 bn Flipkart deal makes Indian e-tail hot again, it's no longer a cakewalk for Amazon
Though Amazon has been investing hugely in the Indian e-commerce space, Flipkart has been able to answer it fittingly at every step.