The hospitality chain had reported an adjusted Ebitda of Rs 63 crore in the first half of FY23 (H1FY23) according to previous filings with ...

Oyo says it's downsizing people in its product and engineering teams, but also hiring staffers in relationship management and business deve...

Indian startups including the likes of Meesho, PhonePe, Upgrad, Purplle, Pristyn Care and Spinny are going all out to rope in and retain ta...

Oyo plans to reduce the size of its IPO to less than $1 billion, given the prevailing market conditions. In conversation with Nykaa CEO Fal...

Oyo has been among the hardest-hit in SoftBank’s global portfolio of sharing economy outfits. It slashed its regional presence in Japan by ...

While the country's economy has gradually begun to open up, albeit under a tight leash, the startups are beginning to reinstate the salarie...

The company’s expansion proved overly aggressive and it was scaling back even before the coronavirus outbreak, slashing staff in China by a...

The company has been forced to downsize due to the “unfavourable environment,” said Ashish Hemrajani, chief executive of BookMyShow, in an ...

Ola — backed by global marquee investors including SoftBank, Tiger Global, Tencent, and Steadview Capital—employs about 4,000 people in its...

Much of the layoffs will stem from distress sales and company closures.

Startups are closely looking at all major business functions as demand dives. Some of India’s top unicorns have also stopped hiring plans a...

The shortfall signals more trouble ahead for SoftBank and one of its most highly touted investments.

When Oyo was everyone’s favourite startup, there would be regular reports of the company aggressively entering newer markets. In the last t...

Internet businesses in 2012-13 helped form a new wave of entrepreneurship in India. It was refreshing and had the promise of creating a ver...

Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to.

SoftBank-backed Oyo plans to shed another 1,200 in India over the next three to four months, sources said.

The exits, triggered by shutdowns, acquisitions or cost cuts, have created a pool of top-notch talent for younger companies to pick from.