oyo

Are OYO’s deep cuts a reality check for unicorns?

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&#

Rappi and Oyo pare staff as Vision Fund companies trim costs, target profits

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

Startups Weekly: Oyo has issues + A farewell

In this week's newsletter: India's growing pains, Brazil's latest venture funding and how to pitch journalists.

India’s NoBroker raises $50M to help people buy and rent without real estate brokers

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

Oyo to invest $335M in vacation rental business in Europe push

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

India’s Awfis raises $30M to grow its co-working spaces business

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

India’s Haptik acqui-hires Los Angeles startup Convrg in international expansion push

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

India’s Oyo valued at $10B after founder purchases $2B in shares

Ritesh Agarwal has reportedly purchased back $2 billion in shares from VC firms Sequoia and Lightspeed Venture Partners.

India’s budget hotel startup Oyo enters co-working business with $30 million Innov8 acquisition

India’s Oyo has expanded its hotel chain business to more than 80 countries and entered the co-living spaces segment in recent years. The firm, which has raised about $1 billion since last Septembe

Lightspeed Venture Partners doubles its growth practice

Lightspeed Venture Partners will invest in more late-stage businesses with the support of three new partners.

Korean hotel platform Yanolja raises $180M at a valuation of over $1B

The travel tech industry has got another unicorn. Following the likes of Airbnb, OYO, Traveloka and Klook, Korea’s Yanolja said today it has closed a $180 million Series D round that takes it va

GetYourGuide picks up $484M, passes 25M tickets sold through its tourism activity app

As we swing into the summer tourist season, a company poised to capitalise on that has raised a huge round of funding. GetYourGuide — a Berlin startup that has built a popular marketplace for pe

Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M

OYO, the fast-growing budget hotel startup out of India that’s backed by Airbnb, SoftBank, Grab and Didi, has made an acquisition to expand its footprint into Europe, specifically around self-ca

Travel activities platform Klook raises $225M led by SoftBank’s Vision Fund

We recently noted that SoftBank’s Vision Fund has stepped up its deal-making in Asia this year, and today it added a new company to its roster: travel services platform Klook. Hong Kong-based Kl

Startups Weekly: US companies raised $30B in Q1 2019

In this week's startups newsletter: What's the deal with A16z? Why is Lyft's stock sinking? And what's ahead for the e-scooter industry?

India’s OYO enters Japan in partnership with SoftBank

Fresh from closing a notable investment from Airbnb, India’s OYO has expanded its footprint into Japan. The move comes through a joint venture with investor SoftBank — which led OYO’

Onfido, which verifies IDs using AI, nabs $50M from SBI, Salesforce, Microsoft and more

Security breaches, where malicious hackers obtain snippets of information that then get used to impersonate individuals in order to gain access to individuals’ and businesses’ sensitive fi

Airbnb confirms stake in India’s OYO, sources say it invested $150M-$200M

Airbnb is continuing to widen its focus beyond “unconventional” hotels as it gets ready for a much-anticipated IPO. Following its acquisition of HotelTonight last month, the company has pi

The Khashoggi murder isn’t stopping SoftBank’s Vision Fund

Money talks in the startup community, especially when SoftBank comes knocking with the megabucks of its Vision Fund. Despite the public outcry around the firm’s dependence on money from Saudi Arabia

Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia

Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part
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