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…
Category: Startups
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…
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…
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…
Flipkart Launches Hotel Booking Service A Year After Acquiring Cleartrip
There’s no shortage of hotel booking services in India, but a fairly large name is now being added to the mix. Flipkart has…
Tata 1mg Becomes India’s Latest Unicorn, Now Valued At $1.25 Billion
India’s unicorn glut of 2021 isn’t quite being repeated this year, but the country is churning out unicorn startups all the same. Tata…
Zomato To Deliver Food From Different Cities In One Day Through ‘Intercity Legends’ Service
Food delivery companies have perfected the art of bringing food from the top restaurants within a city to customers’ doorsteps, but Zomato now…