The earnings mark a sea change from a year earlier when high profile misses such as the flopped IPO of office sharing firm WeWork and the COVID-19 pandemic forced CEO Masayoshi Son to sell down assets to stabilise his investing empire

The Gurugram-based startup, said ten new investors, including Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview participated in the financing round

The Mahindra Group-backed cab operator's fundraising plan comes at a time when Meru Cabs is fine-tuning its focus on offering cab services to corporates and widening its base of electric vehicles in the country

Zomato plans to go for an initial public offering (IPO) in the first half of 2021, its founder and CEO Deepinder Goyal said

New cautious strategy may have evolved since existing investee companies such as Paytm, OYO, Ola and others continue to burn cash and struggle for profitability despite years of pumping in billions of dollars

Why the fast-growing hotel chain had to scale down

WEF Davos 2020: Goldman was one of investment banks that would have led the IPO last year, after convincing WeWork it could improve on the USD 47 billion valuation in a private fundraising round it secured in January 2019

While Swiggy is little ahead of Zomato in the food delivery space, Uber Eats coming onboard with Zomato will surely give it more firepower to stake on Swiggy as the new entity will automatically capture 50-55% market in food delivery business

(RIL) reaches a record high of Rs 1,577 apiece, pushing market capitalisation to Rs 10 lakh crore; Govt to cap commission on Ola, Uber per ride at 10% of total fare; Finance Minister Nirmala Sitharaman agreed to slow economy, but maintained that it is not recession and more news on News Blast.

'Not a recession yet': FM Sitharaman calms nerves on economic slowdownIn her address to Rajya Sabha on Wednesday, Finance Minister Nirmala Sitharaman agreed economy has lost steam, but maintained that matters have not descended into a recession yet. She further said that there would never be a recession in the country. \"If you are looking at the economy with a discerning view, you see that growth may have come down but it is not a recession yet, it will not be a recession ever,\"...

When it comes to the Indian food delivery market, UberEats is a distant third in comparison to its rivals Zomato and Swiggy that clock around 2-2.5 million orders every day

The slower IPO approach is likely to increase SoftBank Group's reliance on its telecoms unit SoftBank Corp, according to analysts. The business accounted for nearly a third of the conglomerate's operating income in the last financial year

Last month, SoftBank was forced to spend more than $10 billion to bail out WeWork after the U.S. company's IPO attempt flopped

The scale of the loss shows the risks in SoftBank's strategy of splashing out big on cash-burning startups. It has also cast a pall on his efforts to raise a second massive fund

Ola's connected car project aims to give real-time solutions regarding future mobility issues; as part of the deal, Microsoft will acquire a 4.5 per cent stake in ANI Technologies for $200 million

In 2017, Ola and Microsoft had joined hands to build a new connected vehicle platform for car makers globally

The rescue financing marks a dramatic fall from grace for Neumann, who as recently as last month was preparing to take WeWork public as chief executive after attaining a $47 billion valuation for it in January

Uber India composes around 2% of Uber's total earnings but constitutes a considerable part of the company's expenses. This makes its India business a target for cost-cutting.

Ola's latest investor, ARK Impact Asset Management had set up a pre-IPO trust fund recently, as per ANI Technologies Pvt Ltd filings with the corporate affairs ministry last month.

SoftBank managed to muster enough opposition to Neumann in a meeting of We Company's seven-member board on Tuesday to convince him to step down.