Friday, April 19

Search Results for: oyo

SoftBank Group to Close $1.5 billion Investment in a Cab Aggregator

SoftBank Group is in advanced talks to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said. Six-year old cab aggregator Grab has so far raised over $6.5 billion, led by SoftBank, Chinese ride-hailing firm Didi Chuxing and […]

Edtech Major Byju’s Secures an Amount of $400 million

The popular edtech platform Byju’s has raised funds amounting to $400 million in a financing round led by Naspers Ventures and CPPIB. Naspers is a venture arm of South African media giant best known for its early bet on China’s Tencent. On the other hand, CPPIB is a new investor. A private equity firm GeneralAtlantic, which has […]

Zomato Forays into Events Space & Set to Launch Zomaland

Online restaurantdiscovery and food ordering platform Zomato has now entered the growing events space and has launched ZomatoEvents. Amongst the other major Indian consumer internet startups that have entered the events space recently,are hospitality chains like OYO and Treebo. “At Zomato, given ourfocus on food, we tend to think of ourselves as a food company, […]

In a first, Indian Government is Planning To Regularize Online Travel Booking

India government in a first its kind of move will setup certain guidelines for Online travel aggregators like Air B&B, Makemytrip, Yatra and Oyo to be recognised by the Tourism Ministry in order to operate, a senior official said. For the first time, the ministry has prepared a set of guidelines by which it will […]

PhonePe Introduces IRCTC Micro-app on its Platform

PhonePe, a Flipkart-owned digital payments platform will now offer an IRCTC micro-app on its platform. The company has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to carry forward with this process. This development has come three months after PhonePe struck a partnership with IRCTC to facilitate digital payments on the IRCTC Rail connect […]

Japan’s SoftBank Vision Fund to Open its India Office

Japan’s investment major Softbank investment Advisers, which invests through the SoftBank Vision Fund, is looking forward to deepening its play in India’s technology ecosystem, and thus, the company has announced plans to open an office in Mumbai in India. For this purpose, the company has even roped in Sumer Juneja to lead the same. Norwest Venture Partners’ Sumer […]

Top Five Funding of the Week (29th Oct – 3rd Nov)

As we all know that funding is a major part of the startups. Every now and then we hear one or the other startup raising funds for expansion or various other purposes. So, every week we come up with the top five funding activities of the week that took place in the startup world. This […]

Singapore-based AnyMind Raises $13.4 Million for Expansion

A Singapore-based AI company AnyMind Group has secured funds amounting to $13.4 million in a funding round. This round was led by Line, the Japanese messaging app firm, and Mirai Creation Fund, which is backed by Toyota among others. The company that uses AI in online advertising, HR and marketing is planning to use these funds […]

Top 5 Funding of The Week (24th Sept – 29th Sept)

This week witnessed various funding rounds from a lot of well-known companies and also from well-known backers. Companies like Oyo, Shohoz etc raised funds for different purposes and secured valuable amount of funds. The largest amount of funds were raised by Indian ride-hailing firm Oyo after which the company’s valuation has reached around $5 billion […]