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Posts Tagged ‘ OYO ’

How SoftBank’s local portfolio firms have fared as chairman Son visits India

Friday, December 2, 2016 | More »

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Not many investors can boast of a portfolio which is more than half full of unicorns. Japanese telecom and Internet conglomerate SoftBank Group Corp happens to be one such investor in India. Of its seven portfolio firms, four – Hike, Ola, Snapdeal and InMobi – are unicorns, meaning each startup ...

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Flipkart, Snapdeal, Shopclues say demonetisation good for e-commerce industry

Honchos of leading consumer internet companies in India have jointly hailed the demonetization move of the Central government. In an industry forum organised in New Delhi on Wednesday, top executives from companies such as Flipkart, Snapdeal, Shopclues, CCAvenues, 1mg Technolgoies, Ola and Oyo Rooms...

17 November, 2016 | More »

MakeMyTrip-ibibo merger

MakeMyTrip-ibibo merger: What it means for hotel aggregators

The merger between MakeMyTrip and Naspers-owned ibibo Group could benefit hotel aggregators in India in more ways than one. To begin with, it will reduce cash burn and discounting, founders of several hotel aggregation platforms told TechCircle. On Tuesday, NASDAQ-listed and India’s oldest onl...

20 October, 2016 | More »

Nikesh Arora

Nikesh Arora resigns from SoftBank

SoftBank Group Corp said on Tuesday president and chief operating officer Nikesh Arora has decided to resign from the company, in a sudden end to the India-born executive’s tenure at the Japanese telecom and Internet conglomerate. The development comes a day after SoftBank gave Arora, who was tipp...

21 June, 2016 | More »

Housing

Housing.com missing in action as SoftBank lauds India portfolio

Japanese telecom and internet conglomerate SoftBank Group Corp has praised the performance of some of its portfolio companies in India while announcing its annual results for 2015-16 but remained silent on the troubled property portal Housing.com. While announcing the group’s earnings for the ...

11 May, 2016 | More »