Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. There’s a famous old post going around Twitter this week by entrepreneur an
Today we're taking stock of what's happening to a number of unicorns, both public and private.
Oyo is furloughing more employees globally and levying a 25% pay cut across the board through July this year as the Indian budget lodging startup looks to reduce its expenses to deal with the coronavi
The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments made through its Vision Fund and bets on the co-working real estate company WeWork and sa
Oyo has placed thousands of employees on leave and furloughs for up to three months in the U.S. and several other markets as the Indian budget lodging firm contends the coronavirus outbreak that has c
This morning, let's remind go over what happened in the first wave of recent unicorn layoffs (Zume, Oyo, Uber, etc) and how it compares to what is happening today as ZipRecruiter, Bird and TripActions
Oyo said on Wednesday it is laying off 5,000 people from its global workforce as the Indian budget hotel startup looks to cut its spendings and chase profitability. The latest round of job cuts would
Some of Latin America’s leading venture capital investors are now backing hotel chains. In fact, Ayenda, the largest hotel chain in Colombia, has raised $8.7 million in a new round of funding, a
Turning to the news, global growth concerns stemming from the coronavirus outbreak are starting to come true, with Singapore changing its own forecasts. Singapore now expects either slower growth, or
Every once in a while, an organization implodes so fantastically that it’s hard in retrospect to understand why another outcome once seemed possible. With every passing day, SoftBank — whi
Brazil’s famously tricky real estate market has long drawn international investors to the region in search of tech solutions.
Are January layoffs just a few post-WeWork jitters? TechCrunch has found itself writing about layoffs at a few notable tech companies this week — and not just SoftBank-backed ones. The focus is very
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. After a short pause, we’re back on the topic of unicorn layoffs. While it&#
This week we’ve covered layoffs at unicorns both inside the Vision Fund and out. This afternoon we add two more to our list: Oyo and Rappi. The staff reductions are surprising — and not. T
In this week's newsletter: India's growing pains, Brazil's latest venture funding and how to pitch journalists.
An Indian startup that is attempting to improve the way how millions of people in the nation lease or buy an apartment — by not paying any brokerage — just raised a significant amount of c
Indian budget hotel booking startup Oyo will invest €300 million ($335 million) in its vacation home rental business, it said Wednesday, as it looks to expand its footprint in Europe and possibly cl
Speaking of businesses that operate co-working spaces in India, New Delhi-based startup Awfis announced today that it has raised $30 million in a new financing round to expand its footprint in the cou
Mumbai-based Haptik, which operates a conversational AI platform, has already won several high-profile clients in India. Now the five-year-old firm, with newly found significant capital in the bank, i
Ritesh Agarwal has reportedly purchased back $2 billion in shares from VC firms Sequoia and Lightspeed Venture Partners.