OYO

Flexi Stay offers anytime check-in/check-out and usage-based pricing

It is currently being offered in New Delhi, Bengaluru, Shirdi and Tirupati

Yatra looks to soon launch Flexi Stay in 100 cities

Founders need to constantly reinvent themselves as the company grows

Hungry learners, with unparalleled motivation and a clearly articulated vision, are what investors look for

Ask yourself, what is my superpower? What has made me win till now?

OYO began its operations with 1.1K rooms in Dubai, Sharjah and Fujairah

The development comes at a time when Dubai is preparing for hosting the World Expo 2020

The UAE is looking to welcome over 25 Mn guests during the World Expo

PhonePe has already introduced similar micro-apps for redBus, Ola Cabs, GoIbibo Hotels and Flights, and Coolwinks

The move is part of PhonePe’s effort to create an open payment ecosystem for businesses

The company wants to introduce similar apps for across industries such as travel, commute, food, hyperlocal, retail, entertainment, etc.

A few properties in Japan with OYO Rooms are available for booking on Ixigo

OYO has raised $1 Bn in funding recently from SoftBank Vision Fund

In December 2017, OYO entered China

Targets adding 35,000+ rooms in the state within five years

Will invest in technology, transformation, operations, wages and tourism infrastructure development

OYO also recently signed a MoU with Odisha Tourism Department Corporation

This week Pune-based fintech startup EarlySalary reported a security breach — the names and mobile numbers uploaded by potential customers on its website were compromised

The data localisation debate is still on and post the Supreme Court’s decision on Aadhaar, the stakeholders are now busy setting up new processes

Unified Payments Interface (UPI) has recorded 405.87 Mn transactions in September for a value of $8.18 Bn (INR 59,835 Cr), at a growth of 30% M-o-M

Justice A M Ahmadi, the former Chief Justice of India, has been appointed as the sole arbitrator in the OYO Vs ZO Rooms case

Justice Ahmadi will hold the sittings in New Delhi, the court said

In February, ZO Rooms had filed an arbitration petition, which was rejected by a Gurugram-based district court

One of the biggest funding this week was raised by hotel chain OYO securing $1 Bn in its latest financing round

Paytm’s parent company One97 Communications finally approved the investment of $300 Mn from Berkshire

Samara Capital and Amazon are not acquiring More, but are co-investing in a company called Witzig Advisory which has agreed to acquire More

OYO has already raised $800 Mn and confirmed a further commitment of $200 Mn in financing in its latest round of funding

The strategic investment in OYO is being made by SoftBank Vision Fund, Lightspeed Venture Partners, Sequoia, and Greenoaks Capital

The new financing will boost OYO’s efforts to further strengthen its market position in its home markets, India and China, and support its international expansion plans

Alibaba has also come forward in support of its Indian portfolio company Paytm on the data localisation move in India

Ministry of Civil Aviation (MoCA) legalised flying commercial drones and announced a policy called Drone Regulations 1.0

The traders’ body plans to file a complaint with the Competition Commission of India (CCI) against Samara-Amazon’s acquisition of the Aditya Birla Group’s food and grocery retail chain More

Mastercard partners with the iconic cricketer Mahendra Singh Dhoni as an ambassador

Walmart is reportedly bringing four of its executives to the team of Indian ecommerce unicorn Flipkart

Zomato has appointed G. T. Thomas Phillippe as its General Counsel