WeWork’s brutal markdown saga: The big question
The new economy playbook has started wearing out. The signs are ominous. Positioning oneself as a tech company—exaggeration, outright lie, or the truth—is all shades of grey now.
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July 2019
A host of troubles for OYO
Ritesh Agarwal had enough to contend with: conflict with partners, fallout of rapid expansion, and restructuring. Then came a pandemic, giving the OYO founder his most difficult battle yet.
There were things we didn’t do well: Ritesh Agarwal
For the OYO founder, the global Coronavirus outbreak is the most difficult and unique challenge that has presented itself in the seven-year history of the company. Can the business survive the crisis?
Vijay Shekhar Sharma readies for the next frontier
From selling ringtones to running what can be called an Internet conglomerate, Sharma has stayed relevant and is also creating an ecosystem. Now, he wants to take Paytm to the developed world.
After Japan, Paytm eyes developed markets
Founder and CEO Vijay Shekhar Sharma says Paytm’s technologies are not just for emerging markets, but for developed markets, too. However, India remains the focus.
Indian startups raise $14.5 billion in 2019
They have received 25 times more funding than the $550 million in 2010, according to data analytics firm Tracxn.
OYO elevates Aditya Ghosh to the board
Rohit Kapoor, CEO of new real estate businesses, to take over as head of India and South Asia.
WeWork is shaken, Embassy stirs into action
Less than a month after WeWork’s IPO was postponed and Adam Neumann stepped down as CEO, Embassy Group-run WeWork India is looking to raise $200 million to fund its growth.
OYO’s big bet on co-living demand
OYO Life, its co-living vertical, plans to operate 100,000 beds in India by the end of 2019.
Anand Piramal invests in Snapdeal
In FY19, the Gurugram-based e-commerce firm posted consolidated revenue of ₹925.3 crore while cutting down its losses by 71%.
