Oyo
TMT
Startups get creative as coronavirus crisis fuels funding crunch
Samik Sarkar was managing to eke a profit out of his online apparel store before the coronavirus crisis hit India, ......
TMT
SoftBank-backed Oyo to offload more loss-making hotels amid pandemic
India’s Oyo Hotels and Homes, backed by SoftBank Group, plans to offload more properties around the world, three sources familiar ......
Finance
For SoftBank's Masayoshi Son, coronavirus turns vision to illusion
SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses ......
TMT
Softbank-backed OYO to cut pay of all employees in India
Softbank Group-backed OYO Hotels and Homes has cut the salaries of all employees by 25% for four months starting April ......
TMT
SoftBank-backed Oyo furloughs some US workers as coronavirus hits revenue
SoftBank-backed Oyo Hotels and Homes is furloughing some employees to cut costs, it said on Wednesday, as lower travel due ......
TMT
SoftBank-backed Oyo sees signs of recovery in China after coronavirus outbreak
Oyo Hotels and Homes has started to see a recovery in bookings in China, its second-largest market, as the coronavirus ......
TMT
Who are the biggest cash guzzlers in India Startup Inc?
Cash burn is a necessary evil that venture investors have to deal with, but India’s best-funded startups turned more aggressive ......
TMT
India's 50 best-funded startups clocked $5 bn revenue with $2.8 bn loss in FY19
Indian tech startups, which had put a brake on cash burn in 2017-18 as investors started asking about visibility on ......
Finance
SoftBank scales back second Vision Fund as first fund's loss wipes out group profit
Quarterly profit at SoftBank Group Corp was almost wiped out as the Japanese technology giant was hit for a second ......
TMT
SoftBank-backed Oyo lays off over 1,000 employees amid profit push
SoftBank-backed (9984.T) Oyo Hotels and Homes is laying off hundreds of employees in India, according to a source and an ......
