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.
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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%.
Ola Electric gets a thumbs up from SoftBank
Ola’s electric mobility arm has become India’s newest unicorn following an investment of $250 million from SoftBank.
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).
Ola banned in Bengaluru for six months
The cab aggregator was violating license rules by operating bike cabs in the city.
Delhivery joins unicorn club after raising $395 mln from SoftBank, Carlyle
The firm has been valued at about $1.6 billion in this round.
SoftBank hires former Facebook exec Kirthiga Reddy
Kirthiga Reddy will be a venture partner at SoftBank Investment Advisers, which advises the $100 billion Vision Fund.
Masayoshi Son to offer free solar power to India
But only after 25-year power purchase agreements “come to an end”.
OYO Hotels raises $1 billion
With the corpus raised, the company intends to strengthen its market leadership and expand global footprint.
