OYO MONEY

Stay tuned to know how the latest capital infusion into Zepto impacts the workings of this fledgling sector.

Quick commerce company Zepto has raised $665 million from new and existing investors. This and more on today’s ETtech Top 5.

Oyo fundraise: Hospitality startup Oyo is raising around Rs 1,000 crore from family offices and investors. The fundraise aims to value Oyo at about $2.5 billion, marking a significant decrease from its peak valuation of $9 billion in 2021. Oyo is sl...

Happy Thursday! Wipro CEO Srinivas Pallia is betting on internal talent to propel growth. This and more in today’s ETtech Morning Dispatch.

Troubled fintech Paytm reported its first quarterly earnings after the RBI banned its payments bank in January. This and more in today’s ETtech Top 5.

Customers can avail a free night's stay after seven room nights, an additional 5% discount on Oyo's network of over 3,800 Wizard hotels in India, as well as other rewards in the form of Oyo money under Wizard Shark. Valid for three months, the progr...

Upgrad cofounder Ronnie Screwvala huddled up with a group of founders and edtech leaders to discuss the way forward from the perception hit, which the sector has taken as a result of the doings of just one company.

Oyo's initial IPO attempt hit a snag in January 2023 when the regulator sent its papers back for revisions. Following this, the SoftBank-backed company resubmitted a toned-down version, aiming for a much smaller offering through a confidential filin...

SoftBank Group Corp. will take a group of its Indian startup founders to Silicon Valley next month for an artificial intelligence tour as the Japanese investor steps up efforts to infuse its portfolio companies with the technology.

Ritesh Agarwal, the billionaire founder and CEO of OYO Rooms, highlighted the importance of profitability for companies, stating that no company can survive indefinitely without generating profits.

Loss-making startups taking on debt is a sure-shot recipe for disaster, said a founder who has seen several funding cycles. “In the era of easy money and low interest rates, investors and lenders drastically lowered the bar on asset quality as they ...

Drawing on a record inflow of venture capital in the past decade, 297 founders have set up some 253 startups, igniting talk of a new-look “startup mafia,” as such cohorts of entrepreneurs are termed in industry parlance.

Some of India’s biggest startup stars have seen their valuations slashed, and fallout is likely to impact fundraising, public offerings and employee morale in the entire ecosystem

The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).

Last year, Dealshare expanded to 150 cities and towns across India as it chased growth above all else. Now, the company has laid off 100 employees and shut down operations in many places as it pivots from growth to profitability amid the funding win...

Regulator wants risk factors, KPIs, outstanding litigation, basis for valuation refreshed in DRHP, which may take up to 3 months

Oyo has been asked to update information such as updated risk factors, key performance indicators (KPIs), outstanding litigations and basis for valuation, the people cited above said.

This time last year, India’s startup ecosystem was counting unicorns. Now, it’s tallying layoffs. According to data compiled for us by Longhouse Consulting, 52 of India’s new-age companies fired almost 18,000 employees between them in 2022. Shocking...

The two accused had booked the same room in the Phase 3 police station area last month where they placed a hidden camera before checking out.