Oyo, one of the larger startups in Softbank’s portfolio, was recently valued at $10 billion, but business has been crushed by the pandemic while operational missteps soured hotel partnerships.
Oyo, one of the larger startups in the SoftBank Group’s portfolio, was struggling to restructure and whittle down loss-making operations even before the pandemic obliterated travel.
OYO founder Ritesh Agarwal was just 18 when he came up with the idea. Within just a few years, OYO surpassed the valuation of India’s oldest hotel company.
Byju’s is raising funds at $8 billion valuation & overtakes Snapdeal. It is the only one of the top three that hasn’t taken funding from SoftBank or its Vision Fund.
RJD, once a prominent representative of Mandal politics, now finds itself in a political era where welfare, good governance, and new aspirations are overshadowing old caste equations.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
COMMENTS