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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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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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