LIGHTSPEED VENTURE PARTNERS
Oyo may cut more jobs to shore up its bottom line
Executives say scale of layoffs ‘far larger’ than expected but Oyo denies any such plan.
SoftBank-backed Oyo lays off thousands across India, China
SoftBank-backed Oyo plans to shed another 1,200 in India over the next three to fo...
Suits & Sayings: Whispers and murmurs in corporate corridors & policy parlours
ET’s weekly roundup of the wackiest whispers and murmurs in co...
Guess how much Sequoia executives made from Oyo
The windfall for the fund executives comes on the back of RA Hospitality, a special purpose vehicle domiciled in the Cayman Islands, recently buying Oyo shares worth $1.3 billion from these two venture firms on behalf of Agarwal.
Why did Oyo founder take a risky $2 billion bet?
The unprecedented move has raised eyebrows due to the massive debt financing raised by the entrepreneur by pledging his shares. Founder & CEO Ritesh Agarwal did not say how he would service the debt. When asked if he would opt to refinance the loan, he said that he is focused on building a good business, and if he does, the refinancing will happen.
Sequoia Capital’s seed fund Surge backs 20 startups
Investors pick up startups at seed stage as more angels step in.
SoftBank-backed C2FO acquires Noida company
SoftBank and Mubadala Investment Company, has acquired Noida-based dynamic discounting solution provider Priority Vendor Technologies for an undisclosed sum.
Top tech investor bets India corner shops can fight Amazon
India has the market size and talent pool to make things happen and now investors are lining up with capital.
Oyo founder’s $1.5 billion stock buyback plan gets CCI nod
Ritesh Agarwal plans to undertake a $1.5 bn stock buyback, & pump in an additional $500 mn into OYO.
Venture Highway raises Rs 560 crore for second fund
The maiden fund, whose corpus has not been disclosed, was anchored by Sood and Neeraj Arora, the former chief business officer at VOIP platform WhatsApp.
VCs ready tools to plant seeds in startup ground
Venture capital firms launch separate seed-stage funds, accelerators and mentorship schemes.
DSG Consumer Partners makes final close of third fund at $65m
The consumer-focused investment firm, led by Deepak Shahdadpuri, will now have about $200 million worth of assets under management, doubling from when it closed its second investment vehicle two years ago.
Digital inclusion the key word on startup awards night
Spotlight on technology that is transformational and not transactional, and the power of the youth to push the country’s startup movement.
Oyo sets aside €300 million for its vacation rental business
The firm intends to drive deeper into Europe with the investment that may also see Oyo, through its Oyo Vacation Homes business, take on Airbnb.
Top VCs cut big cheques for idea stage startups
Investors like Sequoia, Matrix & Lightspeed eye Series-A deals from seasoned founders, executives.
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