Softbank Slashes Oyo Rooms’ Valuation To Just $2.7 Billion, Down From $10 Billion Just 3 Years Ago
The travel space is just beginning to recover from the effects of the pandemic, but the impact of the sustained lockdowns on valuations…
Author: OfficeChai Team
Dotting the i's, crossing the t's.
19-Year Old Zepto Co-founder Becomes First Teenager On India’s Rich List, Is Worth Rs. 1000 Crore
India’s startups not only allowing people to create ridiculous amounts of wealth, but they are also letting them create it at ridiculously young…
Wipro Terminates 300 Employees Who Were Moonlighting For Competitors
Wipro Chairman Rishad Premji had earlier called moonlighting “cheating”, and the company is already putting its words into action. Wipro has terminated the…
Oyo Rooms’ Revenue Rises By 18%, Loss Falls By 45% In FY21
As the pandemic has ebbed away, businesses that were left most impacted in its wake are beginning to look up as well. Oyo…
Ola Lays Off 200 Engineers, Could Terminate 300 More
Many of Ola’s ambitious bets towards becoming a super-app haven’t quite worked out as intended, and the company’s employees are now bearing the…
Adani Group Goes Past Tata Group To Become India’s Most Valuable Business House
Gautam Adani has been India’s richest man for a few months, but he now has another achievement to his credit — he’s also…
Gautam Adani Goes Past Amazon’s Jeff Bezos To Become The 2nd Richest Man In The World
An Indian is one position away from becoming the richest human being on the planet. Gautam Adani has gone past Amazon founder Jeff…
Swiggy Instamart Announces It Will Deliver Groceries Till 3 Am At Night
For the longest time, India’s quick commerce companies were competing with each other on who could deliver groceries the quickest. But Swiggy Instamart…
Byju’s Revenue Falls In FY21, Losses Rise 20 Times
Byju’s much-delayed financial results are out, and they don’t make pretty reading. Byju’s revenue fell by 3% to Rs. 2,428 crore on a…