Indore-based fitness discovery platform, Froyofit has raised an undisclosed amount of Pre-series A funding in a round led by Dr. Pooja Gandhi, who is an Indian actress and producer and works mainly in Kannada and Tamil cinema and has two Filmfare awards to her name. Pooja will also be the face of Froyofit in South Indian […]
Witworks Consumer Technologies today said it has received an undisclosed amount of seed funding led by Fireside Ventures, Investopad and executives from Ola, Oyo Rooms and ITC. The consumer technology company will use the funds for development and launch of Blink a wrist-wearable platform designed to provide access to contextual information and services on the […]
Online aggregator of branded hotels OYO Rooms has expanded its presence in the north-east by offering more than 250 standardised rooms in Gangtok and Darjeeling. “We have made significant investments to expand our presence in key tourist destinations in the north-east like Gangtok and Darjeeling. Our teams have worked very hard to deliver OYOs level […]
At a time when startups and companies facing economy jolt, Oyo rooms led by Ritesh Aggarwal has raised $100 million in its fifth round of funding. The investors, including Japan’s Softbank, and an international sovereign fund, a person with knowledge of the deal said. Other investors are Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital, DSG […]
Continuing its recent streak of partnering with innovative start-up ventures, Indian Railway Catering and Tourism Corporation (IRCTC) has tied up with OYO Rooms, India’s largest branded network of hotels, to offer standardized accommodation and a convenient booking platform to rail travelers. The partnership symbolizes the growing leverage of synergies between the government and homegrown Indian […]
Budget-hotel aggregator OYO Rooms has forayed into the overseas market with the launch of its operations in Malaysia. Commenting on the development, OYO Rooms Founder & CEO Ritesh Agarwal said: “Taking the company international has always been on the cards but we wanted to achieve clear market leadership in India before heading overseas.” OYO’s model […]
Founded in 2012 Turnover in FY14-15 INR 2.4 CR Growth in FY14-15 400% If you have been around in your city anytime recently, more likely than not, you would have spotted an OYO Rooms board. OYO is a branded network of hotels and is one of the fastest growing startups in India. Founded by Ritesh […]
Taxi hailing app Ola said its wallet, which was earlier only used for paying for taxi rides can now be used on other platforms including budget hotel rooms aggregator Oyo Rooms, online spectacle retailer Lenskart, and music streaming service Saavan. The company expects to add more players from other retail categories. “We will be leveraging […]
A study by the University of Oxford says the official price tag for the Tokyo Olympics is USD 15.4 billion, which is the most expensive on record.
BERLIN, 3/22/2021: German air taxi startup Volocopter plans to raise fresh funds from investors, its Chief Executive Florian Reuter said on Thursday, adding that a deal to go public via a special purpose acquisition company was one option. Volocopter this month tapped investors led by U.S. asset manager Blackrock for 200 million euros ($239 million) […]
Udemy for Business has scaled from $1 million to $100 million annual recurring revenue (ARR) in just five years.
Lightspeed India Partners has raised its new fund Lightspeed India Partners III with a commitment of $275 Million from global institutional LPs.