Zomato Acquires Uber Eats India For Rs. 2500 Crore
And then there were two. Zomato has acquired Uber Eats India for $350 million (Rs. 2500 crore) in an all-stock deal. In return,…
Category: Startups
Ikea Launches Online Store In Pune, Now Delivers Online In Three Indian Cities
Ikea might have only set up one of its signature stores since launching in India in 2018, but it’s reaching out in other…
Oyo Rooms Fires 2000 Employees In China, Hotel Owners Protest Outside Company Offices
Oyo’s troubles have extended from its home market of India to its biggest market of China. Oyo has fired 2000 employees from its…
We’re Having Trouble Contacting Oyo Representatives, Say Some Oyo Partner Hotels
Ripples from Oyo’s recent layoffs are already making an impact on Oyo’s hotels across the country. Some Oyo partner hotels say that they’re…
Amazon Not Doing India A Favour By Investing $1 Billion: Piyush Goyal
Jeff Bezos’ charm offensive in India isn’t quite going as planned, as far as government officials are concerned. “They may have put in…
Oyo CEO Ritesh Agarwal Announces Layoffs In Email To Employees, 20% Of India Staff Could Be Cut
Oyo’s long-rumoured layoffs are finally official. Oyo CEO Ritesh Agarwal has written to his employees announcing that Oyo would be cutting staff in…
Paytm Runs Front Page Ads With Spelling Mistake In Its URL
When you’re moving fast and breaking things, it seems that it’s not always possible to pay attention to typos. Paytm today splurged on a…
Income Tax Officials Conduct “Recovery Survey” At Oyo’s Gurgaon Office
Oyo Rooms has found itself smack in the middle of another controversy. The Income Tax authorities have conducted a “recovery survey” at the…
Zomato Raises $150 Million From Alibaba’s Ant Financial, Valuation Rises From $2.1 Billion $3.1 Billion
Zomato has built up its arsenal as it continues its to grind it out with Swiggy for dominance over India’s food tech space. Zomato…