Softbank
TMT
Oyo reports 8x rise in EBIDTA, losses narrow ahead of IPO
IPO-bound global travel tech firm Oyo has reported an eight times rise in adjusted EBITDA at Rs 56 crore in ......
Finance
Paytm skids 10% after SoftBank cuts stake by a third
Shares of One 97 Communications Ltd (Paytm) tumbled about 10% to ₹541 apiece on the BSE in Thursday's opening deals ......
Finance
Softbank to offload nearly one-third stake in Paytm via block deal
Mumbai: Japanese tech investment giant Softbank will sell a part of its stake in Paytm parent One97 Communications Ltd through ......
Finance
Cars24's India biz revenue jumps 87% in FY22
Used cars marketplace Cars24, on Friday reported a jump of over 87% in its FY22 India business revenue year-on-year, at ......
TMT
Another round of layoffs at Unacademy
SoftBank-backed edtech unicorn Unacademy has fired 10% of its workforce or about 350 employees in a third round of layoffs ......
TMT
Walmart will boost Flipkart with $3 bn to challenge rivals
Flipkart, the e-commerce platform operated by Walmart Inc., is considering raising $2-3 billion at a valuation of more than $40 ......
Finance
Oyo's valn dips in private market after SoftBank's markdown
The valuation of IPO-bound Oyo in the private market has dipped to around $6.5 billion, reported news agency PTI, after ......
People
SoftBank cuts about 150 staff globally -source
Japan's SoftBank Group Corp is cutting around 150 staff globally at its Vision Fund unit and SoftBank Group International, a ......
Finance
Indonesian sovereign wealth fund draws $20 bln in co-investments
Indonesia's sovereign wealth fund has garnered more than $20 billion of co-investments from funds including Singapore's GIC and Abu Dhabi ......
Consumer
A dive into Oyo's financials
Oyo’s parent firm, Oravel Stays Limited, which was hit hard by the pandemic as well as by hoteliers leaving the ......
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