Swiggy, Dunzo spice up hyperlocal space
After seeing several shutdowns a few years ago, the hyperlocal space is abuzz with activity once again with players such as Swiggy and Dunzo expanding their roster of services as funding pours in.
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Day 2: India Economic Summit in pics
Here are some highlights from the sessions on the second day of the World Economic Forum’s India Economic Summit on Friday.
The rise of Asian startups
A panel at the WEF’s India Economic Summit which had OYO’s Aditya Ghosh and Zilingo’s Ankiti Bose says many startups in Asia have created global brands and are at the forefront of innovation.
OYO Hotels to acquire Amsterdam-based @Leisure Group
The hotels major will acquire @Leisure from Axel Springer, a media and technology company, for nearly €369 million ($416 million).
Rajan Anandan to leave Google for Sequoia Capital
Anandan will join Sequoia as managing director and will focus on their startup accelerator programme—Surge.
Zomato revenue triples to $206 mln in FY19
The company said its costs during the year rose more than six-fold to $500 million, compared with $80 million a year ago.
Co-living startups: Where the livin’ is easy
Co-living startups offer shared housing with services like laundry, 24x7 security, and WiFi.And none of the hassles of setting up house from scratch.
OYO Hotels raises $1 billion
With the corpus raised, the company intends to strengthen its market leadership and expand global footprint.
Bike rental startup Metro Bikes raises $12.2 million
The money will be utilised to further scale the company’s network across Bengaluru, invest in technology and ramp up its presence across major cities in India by 2020.
Five Star Business Finance raises $100 million
An NBFC, Five Star lends to small businesses and self-employed individuals.
