Mumbai: Budget hotel aggregator Oyo Rooms is in talks with Japan’s SoftBank -an existing investor -for a $500million round of financing, which is expected to catapult it into the so-called unicorn club, comprising tech startups that are valued at $1 billion or more, according to three peopl…
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How India’s top start-ups are expected to perform in 2017
2016 was a year of rationalisation for Indian startup sector as most big investors spent cautiously unlike in 2014 and 2015 when it saw a new high in terms of irrational investments. In 2016, companies in sectors such as food-tech and hyperlocal logistics who were sustaining operations on externa…
Currency Ban Impact | Start-ups encouraging online transactions, gaining new customers
Even if temporary, markets wore a deserted look today across India as high value cash in hand became just a paper overnight for Indian citizens. Modi’s surgical strike on black money has had an impact on traders and parallel economy who used to deal only in cash, especially in India’s…
OYO shifts strategy, moves away from ‘minimum guarantee’ model
In a move to reduce cash burn, Softbank-funded budget hotel accommodation provider, OYO Rooms has almost stopped giving minimum guarantee of occupancy, it offered to partner hotels. It now purely operates on a revenue share model, according to a top company executive. “Minimum guarantees have bee…
Treebo Hotels raises Rs 112 crore in new funding round
Treebo Hotels, a technology-enabled budget hotel chain, has raised Rs 112 crore in a new funding round led by Bertelsmann India Investments (BII) with participation of existing investors, SAIF Partners and Matrix Partners India. Treebo, which competes with budget hotel room aggregator OYO Rooms, …
Buildzar raises $4 million from Puneet Dalmia
Buildzar.com, a Gurgaon based marketplace for home construction and home renovation, has raised $4 million from individual investor Puneet Dalmia in pre-series A funding. Puneet is the MD & CEO at Dalmia Bharat Limited and an MBA from IIM Bangalore. He was the Co-Founder of JobsAhead.com (lat…