Category: oyo
Investors in LatAm get bitten by the hotel investment bug as Ayenda raises $8.7 million
Some of Latin America’s leading venture capital investors are now backing hotel chains. In fact, Ayenda, the largest hotel chain in Colombia, has raised $8.7 million in a new round of funding, according to the company. Led by Kaszek Ventures, the round will support the continued expansion of Ayenda’s chain…
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Equity Monday: Oyo’s losses, global growth concerns, and four early-stage rounds
Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Regular Equity episodes still drop Friday morning, so if you’ve listened to the show over the years don’t worry — we’re not changing the main show. Here’s last week’s episode with Danny Crichton and Bessemer’s…
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Oyo’s revenue surged in FY19, but loss widened, too
Budget-lodging startup Oyo reported a loss of $335 million on $951 million revenue globally for the financial year ending March 31, 2019, and pledged to cut down on its spending as the India-headquartered startup grows more cautious about its aggressive expansion. The six-year-old startup’s growing revenue, up from $211 million…
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As a top manager leaves amid fundraising woes, SoftBank’s vision looks dimmer — and schadenfreude abounds
Every once in a while, an organization implodes so fantastically that it’s hard in retrospect to understand why another outcome once seemed possible. With every passing day, SoftBank — which shook up the investing world with the largest investment fund ever pooled, then seemed to use its capital as a…
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