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Oyo investors sell stake; TikTok’s US ban explainedHappy Thursday! Early investors in Oyo are in talks with a group of family offices to part-sell their stakes. This and more in today’s ETte...- Coforge-Cigniti merger; Oyo acquires G6 HospitalityHappy Tuesday! Coforge and Cigniti Technologies move closer to a merger. This and more in today’s ETtech Morning Dispatch.
- SoftBank slashes Oyo’s valuation to $2.7B; Zetwork’s revenue up six-fold in FY22Zetwerk, a business-to-business manufacturing services marketplace, said on Thursday its revenue jumped six-fold to Rs 4,961 crore in FY22 ...
- Mamaearth, Cult.fit snap up offline firms; Jio Platforms to bet $200M on GlanceWhile it may be too early to call it a trend, these aren’t the first tech startups to acquire old-school firms since the start of the pande...
- Oyo IPO details: The DRHP, decodedOyo Hotels & Homes, officially called Oravel Stays Ltd, plans to raise Rs 8,430 crore in an initial public offering (IPO), draft papers of ...
- Oyo India staff seek adequate compensation, may move courtAfter announcing pay cuts in fixed compensation of up to 25% in April, Oyo had put some employees on LwLB for four months from May. On Tues...
- Clampdown on Chinese investments: Indian startups will miss the know-how, says SoftBank's Rajeev MisraCiting the example of its China-based investee company Alibaba's investment in Paytm, Rajeev Misra said this was a strategic and not a fina...
- Battered by Covid-19, Oyo terminates lease contracts for two Gurgaon officesThe Covid-19 pandemic has resulted in Oyo undertaking a significant number of employee layoffs and furloughs, enforcing pay cuts and shutte...
- Oyo's layoffs have hotel partners worriedHoteliers are unable to contact company representatives who were doing business with them.
- Oyo layoffs have hotel partners worriedSeveral existing hotel partners of Oyo expressed concerns over the job cuts at the SoftBank-backed company and said they had received no co...
- Hotels Body takes Oyo complaint to CCIHotel owners have accused Oyo of levying new charges on partners over the past two months on an ad hoc basis.
- Ecommerce companies, tech startups bullish on hiringFood delivery app Swiggy has hired many in leadership and senior roles in the last 18 months.
- OYO launches OPEN programme for asset ownersThe company said the programme will include 6 core partner promises that the company is making to its asset partners
- Millennials are opting to rent but with some perksDemanding millennials with disposable income are increasingly turning to professionally managed hostels.
- Truecaller launches 'TrueSDK' to let apps verify usersThe service can be used by developers to sign up, update user information, or verify user's phone number based identity in their mobile app...
- Ixigo to start app bookings with 'Ixibook' next weekThe focus remains on mobile apps, with Ixigo Cabs, launched in April last year, one of the fastest growing segments.
- Ola launches Ola Money app for mobile recharges, transfersWith the new Ola Money app, users can pay partner merchants as well as get mobile recharges and money transfers done.
- Beauty and Wellness startup The Home Salon raises seed-fund from accelerator VentureNurseryVentureNursery, an angel-backed start-up accelerator, has announced a seed investment by its members in The Home Salon, an on-demand home b...
- How start-ups like Zostel, OYO Rooms are redefining the travel industryFrom building a network of cobranded hotel properties to curating budget hotels, homestays and hostels, some technology startups are redefi...
- How young companies are redefining industry for hotels and travellersFrom building a network of cobranded hotel properties across the country to curating budget hotels, homestays and hostels, a handful of tec...
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