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VCC Startups weekly wrap: Oyo-Zo merger dissolves; Snapdeal's legal woes escalate

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28 October, 2017

VCC Startups weekly wrap: Oyo-Zo merger dissolves; Snapdeal's legal woes escalate

The supposed acquisition of Zo Rooms by online budget hotel aggregator OYO has come undone, according to a statement issued ......

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PE deal of the month: SoftBank leaves little room for doubt with top-up in Oyo

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29 September, 2017

PE deal of the month: SoftBank leaves little room for doubt with top-up in Oyo

Ever since Japanese telecom and Internet conglomerate SoftBank Group Corp raised its mammoth $93 billion Vision Fund in May this ......

Budget hotel marketplace OYO raises $10 mn from China Lodging Group

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13 September, 2017

Budget hotel marketplace OYO raises $10 mn from China Lodging Group

Chinese hotel operator China Lodging Group Ltd has picked up less than 5% stake in budget hotel marketplace OYO Rooms ......

Oyo raises $250 mn in Series D round from SoftBank, Hero promoters & others

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07 September, 2017

Oyo raises $250 mn in Series D round from SoftBank, Hero promoters & others

Branded budget hotels marketplace OYO has raised $250 million (Rs 1,600 crore) in a Series D round of funding led ......

Only 3-4 OTAs will survive in India and two will make money: MakeMyTrip's Kalra

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01 September, 2017

Only 3-4 OTAs will survive in India and two will make money: MakeMyTrip's Kalra

MakeMyTrip Ltd, India’s largest online travel agency (OTA), is focussing on its hotel business to drive revenue and growth. The ......

Budget hotel chain Treebo raises $34 mn in Series C round

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30 August, 2017

Budget hotel chain Treebo raises $34 mn in Series C round

Budget hotel chain Treebo Hotels has raised $34 million (Rs 220 crore) in its Series C funding round led by ......

Why SoftBank's Flipkart bet demands a look into its India strategy

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17 August, 2017

Why SoftBank's Flipkart bet demands a look into its India strategy

Over the past two years, SoftBank Group Corp has not only emerged as an aggressive investor, globally, and in India, ......

OYO Rooms pares losses in FY17, but mum on revenue

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29 July, 2017

OYO Rooms pares losses in FY17, but mum on revenue

Budget hotel aggregator OYO Rooms, run by Oravel Stays Pvt. Ltd, narrowed its losses for the financial year ended March ......

Goldman Sachs leads $25 mn round in budget hotel aggregator FabHotels

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26 July, 2017

Goldman Sachs leads $25 mn round in budget hotel aggregator FabHotels

Gurgaon-based Casa2 Stays Pvt. Ltd, which operates budget hotel aggregator FabHotels, has raised $25 million (Rs 161 crore) in a ......

Google's Anandan, Freshworks' Mathrubootham back Vista Rooms

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12 June, 2017

Google's Anandan, Freshworks' Mathrubootham back Vista Rooms

Mumbai-based Stay Vista Pvt. Ltd, which operates budget hotel aggregator Vista Rooms, has raised a little over Rs 5 crore ......