[ad_1] OYO has reported sixfold increase in its net profit for the third quarter of FY25 (October-December). The company’s profit after tax (PAT) stood at ₹166 crore, compared to ₹25 crore in the same period last year. Company Value Change %Change The company’s revenue for the quarter was ₹1,695 crore, reflecting a 31% year-on-year increase. […]
Nuvama Wealth acquires ₹100 crore stake in Oyo’s parent company Oravel Stays – CNBC TV18
[ad_1] Nuvama Wealth & Investment Limited, formerly known as Edelweiss Securities, has purchased shares worth ₹100 crore in Oravel Stays Limited, the parent company of OYO, at a price of ₹53 per share through a secondary market deal. Sources told CNBC-TV18 that the transaction values OYO at $4.6 billion. The company is reportedly seeking to […]
30 startups join Startup Policy Forum: An initiative to advance India’s new-age economy – CNBC TV18
[ad_1] Thirty of India’s most prominent startups have joined the newly launched Startup Policy Forum (SPF), a unique alliance aimed at fostering collaboration between entrepreneurs, policymakers, and regulators to advance India’s new-age economy. Company Value Change %Change The Forum plans to limit its membership to 100 startups in its initial phase. Among the first 30 […]
SoftBank: ‘We are back in the game’ with bets on capital-conscious startups – CNBC TV18
[ad_1] In an exclusive conversation, Sumer Juneja, Managing Partner and Head of EMEA & India Investing at SoftBank, shared his insights on the evolving dynamics of India’s startup ecosystem, SoftBank’s current investment focus, and the future of tech IPOs. Juneja highlighted a strategic shift toward capital efficiency among startups, particularly following the 2022 market cycle. […]
Startup Digest: OYO clocks ₹158 Cr profit in Q2FY25, General Catalyst’s $8 Bn fund, Healthify bags fresh funds & more – CNBC TV18
[ad_1] OYO reports ₹158 crore net profit in Q2FY25 Travel tech platform OYO achieved a profit after tax of ₹158 crore in the second quarter of the current fiscal ended September, Founder Ritesh Agarwal told employees in a townhall on Thursday, as per a PTI report. The profitability has come on the back of premiumisation […]