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36Kr (EN)

Building a coherent narrative of India's rapidly changing tech ecosystem.

India Tech

OYO Rooms, commonly known as OYO, is India's largest hospitality company, consisting mainly of budget hotels. It was founded in 2013 by Ritesh Agarwal and has since grown to over 12,000 hotels in 337 cities in India, Malaysia, UAE, Nepal, China and Indonesia.

India

Oyo’s net income nose-dived 69% to USD 558 million in the financial year ended March 31, 2021, from USD 1.8 billion in FY 2020—the year before the pandemic hit.

Existing investors exhibit confidence as pandemic-hit hospitality giant Oyo files for USD 1.13 billion IPO | KrASIA

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Existing investors exhibit confidence as pandemic-hit hospitality giant Oyo files for USD 1.13 billion IPO

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

I cover Indian tech, startup, venture capital ecosystems for KrASIA.

https://secure.gravatar.com/avatar/8ee969d23d0ca8a0fdf49239194aee0b?s=96&d=mm&r=g

Moulishree Srivastava

Venture capital is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth.

Venture Capital

Q&amp;A

4 thoughts on climate tech from Albert Wenger of Union Square Ventures. USV entered India to back firms that are active in the electric mobility transition.

4 thoughts on climate tech from Albert Wenger of Union Square Ventures | KrASIA

4 thoughts on climate tech from Albert Wenger of Union Square Ventures

Ola Cabs, is an Indian origin online transportation network company developed by ANI Technologies Pvt. Ltd. As of December 2018, Ola was valued at about $5.7 billion. A variety of venture capitalists including Softbank have large stakes in the company.

Electric Vehicles

Mobility

With the new funding, Ola Electric plans to accelerate the development of electric scooters and motorbikes as well as electric cars.

Ola Electric raises over USD 200 million to drive growth, eyes electric car market | KrASIA

Ola Electric raises over USD 200 million to drive growth, eyes electric car market

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

The latest investment has shot up Meesho’s valuation to USD 4.9 billion from USD 2.1 billion in April 2021—a rise of 133%.

SoftBank-backed Meesho raises USD 570 million at USD 4.9 billion valuation | KrASIA

SoftBank-backed Meesho raises USD 570 million at USD 4.9 billion valuation

Edtech

Investment

Vedantu became the 28th startup to join the elite billion-dollar club in India this year.

India gets fifth edtech unicorn in Vedantu after it raises USD 100 million round | KrASIA

India gets fifth edtech unicorn in Vedantu after it raises USD 100 million round

As global liquidity returned at the end of 2020, many heavyweight investors began pooling money to take on the monumental challenge.

Climate tech investments gain pace in India | KrASIA

Climate tech investments gain pace in India

Oyo has reportedly been gearing up to file documents for a mega IPO of USD 1–1.2 billion by next week, targeting a valuation of USD 12-14 billion.

SoftBank-backed Oyo's mega IPO plans may derail due to a legal battle | KrASIA

SoftBank-backed Oyo&#8217;s mega IPO plans may derail due to a legal battle

Retail

Retail tech funding in India more than triples in 2021. Over 200 retail technology companies have raised USD 843 million between January and September 2021.

Retail tech funding in India more than triples in 2021 | KrASIA

Retail tech funding in India more than triples in 2021

Amazon India

Flipkart

Nearly 70 million people are expected to shop online during the first week of festive sales, which will kick off in early October.