Oyo Records First-Ever Profitable Year With Rs 229 Crore In FY24
Hotel Chain Unicorn, OYO, said that it made ₹229 crore in its first-ever net profit for the fiscal year that concluded in March. The founder of OYO, Ritesh Agarwal, admitted…
What Is Happening In The IPO World? Why Companies Wary Economic Headwinds?
For many novice retail investors, deemed the safest route to enter the stock market is through Initial Public Offerings ( IPO). Notably, this IPO world, lately, has undergone a metamorphosis…
OYO Hires Ex-Apple Executive Nirdosh Chouhan As Senior VP, Swiggy’s Kranthi Mitra As Sr Principal Data Scientist
IPO-bound hospitality firm OYO has welcomed on board former Apple executive Nirdosh Chouhan for the post of Senior Vice President of Engineering and former Swiggy Principal Data Scientist– Kranthi Mitra…
Oyo Ties Up With Microsoft To Co-develop Next-Gen Travel Products
Oyo Rooms, also known as Oyo Hotels &Homes, has announced entering into a “multi-year strategic alliance with Microsoft” to jointly develop modern travel and hospitality products and technologies. The company…
Microsoft In Talks With Oyo, Financing OYO On Cards
According to different news sources, Gurugram-based hotel company Oyo is in the advanced stages of acquiring an unknown amount of financing from IT giant Microsoft at a valuation of $9…
Bangalore Headquartered Fintech Razorpay Joins The Ranks Of Unicorn After Raising $100 Million In A New Financing Round, The Startup Broadens Offerings And Launches Neo-Banking Services
In recent years, Bangalore-headquartered Razorpay, one of the very few Indian fintech startups that has demonstrated accelerated growth. The payments processing startup declared on Monday, they joined the coveted unicorn…
COVID-19: These Startup Unicorns Are Thriving Despite Recession
What is a startup? An entrepreneurial venture in search of financial backing, made by one or more people to develop a unique product or service is known as a startup.…
List of 10 Indian Unicorn Startups with Chinese Investment
In the last year alone, Indian startups raised a total of $14.5 billion and out of that $4 billion came from Chinese investors. While taking a closer look, you realize…
SoftBank’s Vision Fund reports ₹1.4L Cr Loss as Tech Bets Nosedive; Jack Ma Quits Co. Board
A few years ago, CEO of Japanese conglomerate SoftBank, Masayoshi Son, unveiled a 100 Billion dollar fund named the SoftBank Vision Fund 1. He had shared his plans of raising…
Oyo announces 25% pay cut, leave with limited benefits options for entire India staff
On Wednesday, Softbank took astep and backed Oyo and declared with few guidelines which stated announced pay cuts and laeve with certain limited benefits, for all its staff in India.…