Oyo Rooms Goes International; Launches In Malaysia
Oyo Rooms has begun 2016 by expanding into unchartered waters – it has become the first Indian hotel aggregator to expand overseas. The company, which operated in only 3 Indian cities in 2015, now operates in 165 cities and has 4000 properties bearing its name.
MakeMyTrip Gets A $180 Million Investment From Chinese Travel Giant Ctrip
Leading Chinese travel company Crip has invested $180 million into MakeMyTrip. Ctrip will invest this amount through convertible bonds. In addition, MakeMyTrip has granted Ctrip permission to acquire MakeMyTrip shares in the open market, so that combined with shares convertible under the convertible bonds, Ctrip may own up to 26.6% of MakeMyTrip’s outstanding shares.
Quikr Announces CommonFloor Acquisition With Series Of Cheeky Tweets
After months of speculation, and repeated denials by both parties, Quikr has finally sealed the deal and acquired real estate portal Commonfloor. Reports of Quikr acquiring Commonfloor had been abuzz for a while but Commonfloor CEO had diligently rubbished them every time. However in a report on December 1, the deal was touted to be almost through.
Netflix Unveils Indian Pricing; Plans Start At Rs. 500 Per Month
After over a year of speculation, Netflix is all set for its India launch. The company has unveiled a list of plans that it will offer to its Indian viewers. And the prices are comparable to what users pay in the US. Netflix’s basic US plan costs $7.99, and its Indian counterpart will cost Rs. 500 per month. The Premium plan in India will cost Rs. 800.
New Delhi Hosts Startup Kumbh On January 16
A day-long congregation (kumbh) – the first of its kind – of startup stakeholders gets underway on January 16 in the Indian capital, New Delhi. Here’s a preview.
When Harry Potter Aka Daniel Radcliffe Played Receptionist
Instead of just filming an interview or playing a fun game with Daniel Radcliffe during his visit to their offices, Nylon put their time with the star to good use, planting him at the receptionist’s desk, filling in for an hour unbeknownst to NYLON magazine staffer.
Indian Startups Are Having A Field Day With Delhi’s OddEven Rule
While the unique initiative off OddEVen vehicles on Delhi roads has met with mixed reactions on the ground, and has become a butt of a gamut of social media jokes and commentary, operationally this has helped many urban commute startups and carpooling initiatives. In the midst of the OddEven Hoopla, Indian startups have found a way to leverage this buzz for some interesting marketing initiatives. Couple with some sense of humour, and a quick action, Zomato and Freecharge have both put an OddEven spin on their social media.
Housing Records A Loss Of Rs. 279 Crore In FY 2015
Realty portal Housing.com had been struggling with mounting losses when CEO Rahul Yadav was let go, documents filed by the company reveal. In FY 2014-2015, Housing recorded a loss of Rs. 279 crore. Its revenue in the same period was Rs. 12 crore. In comparison, competitor CommonFloor had revenues of Rs. 45 crore.