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Oyo In Talks To Raise $ 800 Million In Funding

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Oyo Talks To Raise Funding,Startup Stories,2018 Latest Business News,Startup News India,Startup Funding,Market Valuation of Oyo Rooms,India Startups Boom,Oyo Funding Raise,Oyo Business News,Oyo Funding Updates,Oyo Rooms Raise Funding

Gurgaon based startup, Oyo, is looking at raising between $ 500 – 800 million in funding from Japan based investors, SoftBank. In September, Oyo had raised around $ 250 million from SoftBank as well as existing investors including Hero Enterprise, Sequoia Enterprise Lightspeed Venture Partners and Greenoaks Capital.

Oyo Rooms was one of the breakout startups from the funding boom of 2015, raising a surprise $ 100 million from SoftBank in August that year. However, after an expansion spree, the firm, which began as a marketplace, struggled to keep pace as customers complained of poor service and many rooms remained unoccupied.

Things seem to be turning around for this customer friendly platform. This is primarily due to the massive efforts put in by the Oyo team to ensure a continuous customer base with attractive incentives. Thanks to this, the customer base, as well as the occupancy rates, have drastically increased as compared to last year’s performance.

Launched in China in the past year, this Gurgaon based startup wants to significantly increase its presence in the country by capitalising on its brand value. At present, Oyo is present across 230 cities in India, Nepal and China. To continue its expansion strategies, the company needs significant funding from new and existing investors.

If the proposed round of funding from SoftBank goes through, then the market valuation of Oyo Rooms will increase significantly. Looking at the renewed popularity of Oyo, MakeMyTrip, the popular online travel agent, has agreed to add the rooms back on its roster. According to sources, if all goes as planned, Oyo plans on making its presence felt in the United Kingdoms and the United States.

SoftBank’s continued interest in Oyo proves that not only are India’s startups booming, they are flourishing. After two consecutive years of poor investments on the startup front, homegrown ventures like Flipkart are finally on the greener side of the lawn. While the situation may not be similar to the 2015 startup boon, the interest definitely is similar.

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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