Richest Shark In Shark Tank India
Do you watch Shark Tank India? If YES! Who is your favourite shark? Or Who is the richest Shark in Shark Tank India? Following the success of the first two seasons, the third season of Shark Tank India premiered on Sony Entertainment channel on January 22. As the new season unfolds, excitement and TRP for…
Shipra Prajapati
MMT-GO And OYO Fined For ‘Unfair Business Practices’ By CCI
Leading hospitality service providers OYO and MakeMyTrip-Goibibo (MMT-GO) were fined more than Rs392 crore by CCI (Competition Commission of India) on Wednesday. The penalty is mentioned on page 131 and is explained as “Unfair Business Practice”. Allegations are that MMT-GO & OYO made an agreement regarding price parity. Under this deal, the hotels were not…
Aman Goyal
SoftBank Cut OYO’s Internal Valuation To $2.7 Bn
SoftBank has cut the Indian hotel chain valuation to $2.7 billion from $10 billion. The reported valuation cut occurs when the startup is months away from an initial public offering (IPO). The reports suggest that SoftBank is the largest investor in OYO ━ at 45 per cent, nearly half of it━ , which is a…
Yash Sharma
Out Of 100 India’s Unicorns, Only 18 Have Yielded Profit
Google-backed neobank Open became the 100th unicorn of India with a $1 billion valuation. There are a total of 100 unicorns in India, including Mamaearth, EaseMyTrip, Ola, and Flipkart to name a few. But how many of these are profitable? According to the statistics from the media portal, only 18 unicorns have achieved profitability. Reports…
Swiggy Crossed $10.7 Billion Valuation After Raising $700 Million in Invesco
Food delivery giant, Swiggy, has raised $700 million in Invesco and crossed a $10.7 bn valuation, according to the sources. Swiggy’s latest valuation is almost double to Zomato before the latter went for its initial public offering. Zomato was valued at $5.4 billion before its IPO. With this new funding, Swiggy also came closer to…
John David