Treebo and FabHotels have been trying to raise fresh capital, but potential investors have so far shied away from putting money into companies competi
In less than a year, its valuation surged from $850 million to $5 billion, driven partly by investor expectations that Oyo would crack the massive Chi
IPOs & Markets
The company will invest over $100 million in two years towards the new business.
It apparently has a runway of less than four months
SoftBank is selling its also-ran portfolio companies to bigger rivals.
For SoftBank, a deal means an entry into India’s big financial services market.
The buyout is being arranged by Tiger Global MD Lee Fixel and SoftBank.
Last year, Snapdeal's founders drew total compensation of about Rs40 crore each.
No other market illustrates Rocket’s decline more than India, one of the company’s most promising bets until last year.
Since the start of 2016,
India’s largest online marketplaces Flipkart, Amazon India and Snapdeal have temporarily suspended their sales so as to comply with new e-commerce r
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