Friday, December 20

Tag: Lightspeed India

Lightspeed India raises $275 Million Fund
18Aug By AdityaNo Comments
FUNDING

Lightspeed India raises $275 Million Fund

NEW DELHI, 18th Aug 2020-- Lightspeed India Partners closing of its third fund Lightspeed India Partners III with $275 Million of committed capital. Lightspeed has invested over $750 Million in India since its inception in India and with this fund, Lightspeed will continue to partner and support bold entrepreneurs building for tomorrow, right from inception through growth stages. This year began with a crisis like no other. It is always tough to start a company, it requires passion & leadership and in these times, it requires more courage than ever before. Lightspeed believes this is when the best entrepreneurs and companies of the future will emerge. Strong founders are utilizing the tailwinds of India’s digital ecosystem growth to build out a new future and Lightspeed is s...
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OYO Narrowed Losses by 27%, Witnessed Seven Times Revenue Growth In 2017
28Dec By NitishNo Comments
BUSINESS

OYO Narrowed Losses by 27%, Witnessed Seven Times Revenue Growth In 2017

Online hotel booking startup OYO has narrowed its losses by 27 per cent to Rs 363.7 crore in 2016-17, mainly on account of a high degree of operating leverage in the business model. The company's losses were at Rs 496.8 crore during FY16, OYO said in a release issued here. OYO has witnessed seven times revenue growth at Rs 125 crore in FY17 compared to Rs 17 crore during 2015-16. The revenue growth has been fueled by more than two times growth in room nights and significant improvement in commissions, the company said. OYO continue to focus on steady business growth by making strategic investments in building capabilities, partner relations and market expansion. "2017 has been a watershed year for us. We steered our growth trajectory by upgrading and bringing beautiful living-s...
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