Oyo’s latest investor isn’t a Venture Capital firm, isn’t Indian, and isn’t even a hotel chain. Singapore-based ride hailing giant Grab has invested just over $103.4 million (Rs. 730 crore) into India’s largest hospitality startup Oyo Rooms. The investment is a part of the $1 billion fundraise that Oyo had announced just last month. Grab, through a Cayman Islands-registered entity A1 Holdings, has been issued 2,884 cumulative Convertible Preference share of Oyo at the price…

Much has been written about Walmart’s $21 billion acquisition of Flipkart — some have called it Walmart’s gateway to its India ambitions, while others have called the purchase the coming-of-age of the Indian startup space. But Aswath Damodaran, professor of finance at NYU Stern School of Business, has distinctly unique take on the record deal. Damodaran feels that Walmart’s acquisition of Flipkart is simply the most expensive face-lift in history. “Walmart invested in a company which is burning…

Most entrepreneurs are usually running after entrepreneurs to fund their ventures, but Ola CEO Bhavish Aggarwal is reportedly reluctant to accept a cool $1 billion — and from Softbank, no less. Ola CEO Bhavish Agarwal is unwilling to accept the full $1 billion (Rs. 7,000 crore) that Softbank wants to invest in his firm, ET reports. “(Softbank CEO Masayoshi) Son and Aggarwal have met multiple times recently but taking such a big amount from SoftBank has…

Foodpanda might not yet have the order volumes to match up with the Swiggies and the Zomatos, but it’s trying to make up in distribution. Foodpanda says it has become India’s largest food delivery network after expanding into 100 cities. Foodpanda is now present in most Tier 2 and Tier 3 locations, and says it’s the first in markets like Aizawl, Shillong, Raipur, Jodhpur, Bhavnagar, Patiala, Nellore, Durgapur, Shimla, Rewa, Bokaro. It notched up its…

Many of India’s first-time entrepreneurs visiting VC offices and angel investors might not quite agree, but Paytm CEO Vijay Shekhar Sharma says there’s no better place than India to raise a billion dollars in funding. The time for our country has finally arrived – there is no better place to start a company today,” proclaimed Sharma. “Today, it is easier to raise a billion dollars in India than anywhere else in the world,” he added. Paytm…