/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
At an extraordinary general meeting held last weekend, the budget hotel chain operator received approval to raise Rs 6,650 crore through an IPO.
OYO is preparing for a stock market debut—again.
The budget hotel chain operator’s parent, Prism, has received shareholders’ approval to raise up to Rs 6,650 crore, or roughly $740 million, through a fresh issue of equity as part of its proposed initial public offering, according to a regulatory filing on Tuesday. The approval was granted at an extraordinary general meeting held on 20 December.
The valuation the company is aiming for remains unclear. At its peak in 2021, OYO was valued at $9-10 billion and has raised nearly $3.5 billion in funding to date, according to Tracxn.
This will be …
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
