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Young, loss-making startups keep OFS portion lean as investor scrutiny growsNew-age, loss-making startups are prioritising large fresh issue components in their IPOs to fund growth, a shift from the 2021-22 cycle. I...- Tariffs cloud tech outlook; Oyo hits IPO wallAmazon and Apple beat estimates, but their forecasts amid Trump’s trade war raised investor concerns. This and more in today’s ETtech Top 5.
- 'Kuch toh gadhbadh hai, Daya’: Shark Tank 4's Aman Gupta reacts after noticing pitcher's sudden change in voice tone while talking to Ritesh AgarwalPaurav Rastogi and Shamin Kapoor presented Speed Kitchens on Shark Tank India. Their business offers shared kitchen spaces for growing food...
- Top startup and tech stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- India TikTok ban set important precedent: FCC chief; restaurants, cloud kitchens see 30-35% jump in NYE ordersHappy New Year! Here’s hoping 2023 is kinder to tech firms and startups than 2022 was. Today, we bring you an exclusive interview with US F...
- Oyo revives IPO plans; Ola sacks 200 more engineersOyo Hotels & Homes, which filed for an initial public offering in October 2021 but put it off earlier this year because of the pandemic and...
- Amendments to IT Rules ‘coming soon’; Microsoft backs Travis Kalanick’s startupOver the next few months, the government will also come out with laws and rules on the national data governance framework and Digital India...
- Lawmakers discuss predatory pricing, regulations and more with domestic tech companiesA similar meeting between the parliamentary committee on finance and international technology firms including Amazon, Google, Meta, Twitter...
- Flipkart to shut Smart Fulfillment; deals return as restaurants recoverFlipkart said the move would reduce costs for sellers, but some aren’t so sure.
- Crypto ETFs explainedReports and rumours that the US SEC was set to approve the launch of one or more bitcoin ETFs has sent prices of the cryptocurrency soaring...
- Senior executives quit Oyo, company extends furloughs for some employeesFor its employees on the leave with limited benefits plan, Oyo said it is offering a cash benefit equivalent to their notice pay basis last...
- Court restricts CureFoods from selling movable assetsThe company had sent a termination notice claiming that it was unable to do business owing to the Covid-19-induced lockdown.
- Ola fires 1,400, says revenues plunge 95% in two monthsOla — backed by global marquee investors including SoftBank, Tiger Global, Tencent, and Steadview Capital—employs about 4,000 people in its...
- Behrouz Biryani's parent company targets $1bn valuationRebel runs over a dozen virtual restaurant brands where it sells directly through its own application besides platforms like Zomato and Swi...
- Everyone's favourite startup Oyo is hit hard by hyper growth, a supposed toxic work culture. Can it hit refresh?When Oyo was everyone’s favourite startup, there would be regular reports of the company aggressively entering newer markets. In the last t...
- Oyo to end unprofitable contracts as SoftBank sets pre-IPO deadlineThe company runs about 800 hotels under a self-operated business model, where it makes investments and has leasing arrangements with proper...
- Ola Foods has plans for its Khichdi ExperimentThe company plans to scale up these brands from six cities to tier 2 cities in the next year. Barring Khichdi Experiment, other brands incl...
- With 50,000 startups registered, India aims for as many more by 2024Indian startups have come into their own in the last four to five years, said Shailendra Singh, Managing Director, Sequoia Capital India, S...
- Why are food aggregators leveraging the delivery-only model?Cloud kitchens can take customers' orders and deliver them for food brands. It is especially helpful for small and budding restaurateurs.
- Oyo in talks to acquire FreshMenu for $60MThe move will help Oyo standardise its food experience across hotels, an initiative that has internally been in the works for more than a y...
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