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Two senior executives at Oyo have left the budget-hospitality startup, mere months before the company plans to list. Ankit Gupta, who joined the unicorn startup in 2019 and served as its India chief e

SoftBank, the largest investor in Oyo, has cut the Indian hotel chain’s valuation to $2.7 billion at a time when the startup is months away from going public, a source familiar with the matter s

Byju Raveendran, founder and chief executive of the eponymous edtech giant, has financed his recent $400 million investment in Byju’s through a debt he raised from multiple international banks,

SoftBank Group chief executive Rajeev Misra said the fund has invested $3 billion in Indian companies this year and can invest $5 billion to $10 billion next year, the latest aggressive play by a top

Oyo is ready to explore the public markets. The eight-year-old Indian budget hotel giant has filed the paperwork (PDF) with the local market regulator for an initial public offering, in which it is s

Microsoft has entered a “multi-year strategic alliance” with Oyo to work with the Indian startup to co-develop “next-generation” travel and hospitality products and tech. Thursday’s

Microsoft has invested $5 million in Indian budget hotel chain Oyo, according to a regulatory filing this week. The investment confirms a TechCrunch scoop from last month. The new investment values Oy

Indian budget hotel chain Oyo may have lost a significant portion of its business to the pandemic, but it is inching closer to finding a new investor: Microsoft. Microsoft is in advanced stages of ta

India’s Oyo has been one of the worst impacted startups with the coronavirus, but it has enough cash to steer through the pandemic and then look at funding further scale, a top executive says. In a

Bangalore-headquartered Razorpay, one of a handful of Indian fintech startups that has demonstrated accelerated growth in recent years, has joined the coveted unicorn club after raising $100 million i

Lightspeed India Partners on Tuesday announced it has closed $275 million from LPs for its third fund as the top American venture firm looks to ramp up its investments in the world’s second-largest

Sequoia Capital India on Monday announced it has secured $1.35 billion from LPs for two new funds as the storied venture firm looks to ramp up its investments in the world’s second-largest internet

SoftBank Group founder Masayoshi Son said on Thursday he is leaving the board of Jack Ma’s Chinese e-commerce giant Alibaba Group today, a month after Ma left the board of Son’s technology group.

Grab is laying off about 360 people, or slightly less than 5% of its employees. Co-founder and CEO Anthony Tan made the announcement in a letter to Grab employees today. A Grab spokesperson told TechC

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