Articles tagged “softbank”

Startups

Travel Startups Raise $1.1 Billion in Past Two Weeks

There haven't been as many travel startup fundraises this year, but there have been many more large dollar amounts than at this point last year.

Travel Startups Raise $1.1 Billion in Past Two Weeks

Hotels

Oyo Denies Reports of Withdrawing IPO, Source Says It’s ‘Exploring All Options’

The nearly three-year wait for an IPO launch just goes to show the immense challenges Oyo has faced in its plans to go public. Now, should the company manage to secure funds from investors beforehand, it will undoubtedly choose that path without any hesitation.

Oyo Denies Reports of Withdrawing IPO, Source Says It’s ‘Exploring All Options’

Online Travel

Klook Raises $210 Million to Compete With Viator and GetYourGuide

Klook turning profitable is good news. And the travel startup's failure to get additional follow-on funding from troubled backer Softbank is unsurprising. Klook has made great strides, but it must someday find an exit for its early investors.

Klook Raises $210 Million to Compete With Viator and GetYourGuide

Online Travel

Tripadvisor Versus GetYourGuide: Who’s Bigger and Badder in Experiences?

In the battle between Tripadvisor/Viator and GetYourGuide, the winner is — offline experiences, which have more than 90 percent market share. That spells big opportunities for both of these companies.

Tripadvisor Versus GetYourGuide: Who’s Bigger and Badder in Experiences?

Online Travel

Chinese Hotel Firm Rakes in Six-Fold Return as It Sells Minor Stake in Oyo

Not a bad payday, considering the partial exit yields a substantial six-fold return for H World Group. However, the heightened scrutiny on startup valuations has kept a lid on gains for Oyo.

Chinese Hotel Firm Rakes in Six-Fold Return as It Sells Minor Stake in Oyo

Online Travel

Oyo’s IPO Could Be Delayed as Indian Regulator Asks for Updated Filing

The run-up to an Oyo IPO is turning out to be a waiting-for-Godot moment. Let's just hope Godot shows up in this version, even if the delay is even a little longer.

Oyo’s IPO Could Be Delayed as Indian Regulator Asks for Updated Filing

Online Travel

Why Yanolja CEO Sees Tesla as a Metaphor for His Superapp Company

Yanolja has ambitious plans to be everything to everyone — will that work for the superapp?

Why Yanolja CEO Sees Tesla as a Metaphor for His Superapp Company

News Blog

SoftBank Slashed Oyo Valuation 20 Percent

SoftBank Group has reportedly cut the valuation of Indian hotel-booking platform Oyo by more than 20 percent, Bloomberg reported on Thursday quoting people familiar with the matter. According to the report, the Japanese investor, who owns 45 percent of Oyo, cut its estimated value for initial public offering-bound Oyo to $2.7 billion in the June…

Online Travel

Oyo Rating Downgraded by Fitch Amid Profit Concerns

Not too concerned about the Fitch downgrade, Oyo would rather look at the silver lining — a projected 80 percent growth in financial year 2023. The rating revision is in line with more modest expectations for Oyo's IPO.

Oyo Rating Downgraded by Fitch Amid Profit Concerns

Online Travel

Oyo’s Pending IPO Could Be Halved or Even Scuttled

Oyo's potential IPO has likely run head-on into the collapse of several recent public market debuts in India with a couple of lawsuits potentially figuring into the regulator's delayed decision. Oyo will eventually go public, but that maiden public appearance likely won't resemble the initial vision.

Oyo’s Pending IPO Could Be Halved or Even Scuttled