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2 mins read
Oyo, the hotel startup known as SoftBank's 'jewel in India,' has laid off 1,800, becoming the 3rd SoftBank-backed company to cut jobs this week
The startup has been called "SoftBank's jewel in India" for being one of the country's most valuabl…
Melia Russell
2 mins read
Watch out for OYO’s billionaire founder Ritesh Agarwal talking tech at Global Trends Festival 2020
The 27-year old Agarwal is one of the youngest billionaires in the world.
20 mins read
Mistakes by the US's top spies allowed China to turn a deadly mid-air collision into an intelligence coup
In April 2001, a US spy plane and a Chinese jet collided over the South China Sea. Author James Bam…
James Bamford
3 mins read
OYO Japan saw an occupancy rate of 51% even during the coronavirus pandemic
OYO Japan recorded an average occupancy rate of 51% in the month of March during the coronaviru…
5 mins read
Inside OYO’s offices — how a 'high pressure' work environment broke a promising startup brand
When numbers become the defining metric, quality may suffer. “OYO when it enters a market want t…
6 mins read
Full text of Ritesh Agarwal’s note to OYO employees who are worried about layoffs, losses and other troubles
The offices at hotel aggregator OYO have been tense, thanks to the news of layoffs and losses. Now,…
6 mins read
The wedding industry would roughly be at 35% of pre-covid levels in 2021: Sandeep Lodha of Oyo's Weddingz.in
Oyo's Weddingz.in is betting big on tech and customer experience-driven path to recovery
4 mins read
Oyo, the 'jewel' in SoftBank's startup portfolio, just announced more layoffs in the U.S. weeks after cutting thousands of jobs in India and China
Oyo's layoffs come as other SoftBank-backed companies also restructure with a new focus on profitab…
Megan Hernbroth,Meghan Morris…
2 mins read
Airbnb picks up a stake in its Indian rival Oyo Rooms
US-based home renting startup AirBnB has reportedly picked up a stake in Oyo Rooms. In a series E f…
2 mins read
Oyo wants a bite of foodtech, may acquire Freshmenu: Report
The acquisition, which could be valued at $50-60 million according to ETtech, will mark Oyo’s en…
3 mins read
China's experience with co-living should be a warning for tenants as well as companies in India
India's largest budget hotel chain is ready to kick off it's new venture, Hamstede, where priva…
2 mins read
OYO’s Ritesh Agarwal sets a new benchmark – invests $2 billion into his own company to increase his stake
In a first for the Indian startup community, OYO founder Ritesh Agarwal invested $2 billion into hi…
5 mins read
Indian markets open in the red tracking Covid-19 concerns in China – Tata Steel, Tata Motors, Zomato and others in focus
Indian markets made a negative opening for the week tracking fresh outbreaks of Covid-19 in China, …
4 mins read
Here's what Airbnb's co-founder had to say about OYO before the deal was announced
Both companies are looking at opportunities to collaborate on a range of projects, including mak…
7 mins read
Scarred by a deadly milk scandal and fearing cooking oil cut with raw sewage, China's middle class is skipping the supermarket and buying straight from the farm
Thousands in China looking to bypass supermarkets and chain stores buy their foods from rural farms…
Matthew Loh
6 mins read
How China handled 3 high-profile corporate meltdowns, including companies considered too big to fail — and what that could tell us about Evergrande's future
Anbang, Baoshang, and HNA are three of China's most high-profile corporate meltdowns in recent year…
Huileng Tan
2 mins read
SoftBank says ‘moshi moshi’ to Oyo Rooms
Japan's telecoms and internet giant SoftBank has also held talks with Oyo Rooms for leading a massi…
4 mins read
China's march to global tech dominance is hitting some serious stumbling blocks
"The Digital Silk Road: China's Quest to Wire the World and Win the Future" shows China's global te…
Jonathan A. Knee
2 mins read
India’s largest online learning service is all set to become the 4th highest valued Indian startup with a ₹254 billion valuation
The influx of new funds are expected to increase the company’s value to ₹245 billion ($3.5 b…
2 mins read
Airbnb is pinning its hopes on China and millennials as it looks to become profitable
Airbnb, which takes a 6-12% cut from guests and charges hosts 3% for complete bookings, is valued a…