Online hotel aggregator OYO said it has raised $250 million (over Rs 1,600 crore) in a fresh round of funding led by its existing investors and Hero Enterprise. The company plans to use the funds to expand its presence in India and South-East Asia, OYO said. “We have raised $250 million in a fres…
Tag: OYO Rooms
Internet start-ups top the enterprises chart in India; Delhi-NCR leads the clan
There is a boom in the number of internet start-ups in India accounting to a total of 18,648 across all major cities, suggests a latest report on the city-wise and sector-wise distribution of these enterprises. Delhi NCR takes up the top position with a whopping 6080 internet start-ups. Further c…
Alteria Capital to launch India’s biggest venture debt fund with a corpus of Rs 1k cr
Former senior executives of InnoVen Capital, Ajay Hattangdi and Vinod Murali, plan to launch Alteria Capital, touted to be the country’s biggest venture debt fund with a corpus of Rs 1,000 crore. Alteria Capital will have a corpus of Rs 800 crore ($125 million) with a greenshoe option of ra…
5 Cockroach ways for a start-up to light the beacon
Gone are the days of the highly valued and well-funded unicorn startups that leapt high but fell later. Having burnt their fingers with unicorns, investors are now shying away from them and turning their attention to cockroach startups that are slowly, but steadily focussed on building a robust b…
BigBasket eyes Rs 500 cr revenues from HoReCa segment
From the modest kitchens of middle-class homes to the pantries of India’s 5-star hotels, bigbasket has now established itself as the preferred grocery partner for all. In what can be called another milestone, bigbasket clocked Rs 100 crore annualized turnover by Mar 2017 from its B2B food s…
Oyo in talks with SoftBank for upto $500 mn raise, eyes unicorn club
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…
TempoGO raises $825k in seed round
TempoGO, an Internet of Things (IoT) and SaaS solution for commercial transportation, has raised USD 825,000 in seed funding led by K2 Capital of Hong Kong. Over the last 12 months, the TempoGO solution has been used or over 1,800 inter-city trips in India covering 6.5 lakh kms for 300 clients in…
Campus Drift | A drift of student life under one dotcom
Gigs and cries are part and parcel of growing up and CampusDrift.com gives a 360 view of it by way of mediating content from around students’ daily college life and also engages them for various innovative activities. “We organise events to help students in getting engaged with us, we do media co…
As valuations plunge, start-ups asked to shell out more in tax
Startups that have seen marked down valuations in subsequent funding rounds have been ordered to pay tax on the grounds that the first round of investment was made at a premium. The Income Tax department has issued such orders or adjustments in about 100 cases across India between November 30 and…
SoftBank & its uneasy ties with India’s start-ups
Those listening in on SoftBank Group Corp.’s second-quarter earnings briefing would have picked up an interesting anecdote in the question and answer session with founder and CEO Masayoshi Son. Back when Uber was still quite small, Son passed up a chance to invest in the San Francisco-based cab-h…