Search Results for: Softbank

Softbank's $350 million cheque makes Delhivery the latest unicorn in Indian startup scene

The investment will primarily be used for expansion into new areas. Delhivery plans to add 5,000 new pin codes to the current 15,000 by the first half of 2020.

Mar 25, 2019

Karnataka open for talks with Ola over six-month ban

State capital and technology hub Bengaluru is among Ola's top three markets in India.

Mar 24, 2019

Oyo Hotels enters Japan; announces joint venture with Yahoo

In the last 12-18 months, the Gurugram based company has kicked off its operations in five countries which include India, China, Malaysia, the UK and Nepal.

Feb 22, 2019

Sachin Bansal heads to Ola board with Rs 650 crore investment

Taxi-hailing app company Ola Cabs hopes to use Flipkart co-founder Sachin Bansal's expertise to grow business across verticals and geographies.

Feb 20, 2019

OYO in talks to buy Keys Hotels from US-based private equity firm

If the deal materialises, it would be the fourth acquisition in a year for Softbank-backed OYO.

Feb 10, 2019

Oyo Rooms to invest $50 million to expand its operations in the Philippines

Oyo is expected to start its operations Manila, Tagaytay, and Cebu with 21 hotels and expand to 10 cities by 2020.

Jan 31, 2019

Sachin Bansal gets on board Ola with Rs 150 cr investment; app now valued at Rs 4,090 cr

Ola's filings with the Registrar of Companies reveals that Sachin Bansal made the investment on January 12.

Jan 15, 2019

Sachin Bansal pays Rs 699 crore advance tax on gains from Flipkart-Walmart deal

The Income Tax department had directed Sachin Bansal, Binny Bansal and the company's stakeholders to disclose their capital gains made after the Flipkart-Walmart deal.

Jan 2, 2019

Kirthiga Reddy ends stellar stint at Facebook; joins SoftBank as first venture partner

Reddy had resigned as Facebook India MD (then based out of Hyderabad) in 2016 and returned to its US headquarters at Menlo Park to work there.

Dec 7, 2018

Disruptor to predator? Hoteliers to launch legal action against Oyo

The Budget Hotel Association of Mumbai is in the forefront of forming a nationwide lobby of hoteliers against Oyo.

Dec 1, 2018

For Indian unicorn Oyo Hotels, the biggest market now is China

India's most valued startup built by Ritesh Agarwal now manages as many as 180,000 rooms in China, compared with about 150,000 rooms in India and the rest of south Asia combined.

Nov 21, 2018

Competition commission rejects price-fixing allegations against Uber and Ola

"The drivers may have acceded to the algorithmically-determined prices by the platform (but) this cannot be said to be amounting to collusion between the drivers," the CCI said.

Nov 7, 2018

Zomato secures $210 million from Alibaba's payment affiliate Ant Financial

The company plans to take its rival Swiggy head on to have a larger chunk of the pie in the Indian food delivery marketplace

Oct 13, 2018

Flipkart co-founder Sachin Bansal to invest Rs 740 crore in Ola

The proposed amount of investment is significant with the fact that it is more than 10 of his personal returns gained from the Flipkart-Walmart deal this year.

Oct 11, 2018

Oyo to enter Japanese market ahead of 2020 Tokyo Olympics

Oyo has planned an aggressive global expansion plan as the company entered the Japanese market only within a year after launching its operations in China.

Oct 10, 2018

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