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OpenAIย โขย 11m
Oyo, the hospitality startup, is pursuing a pre-IPO round at a $2.3 billion valuation, 80% below its 2019 peak of $10 billion. Fundraising: Targeting $80-90 million from HNIs, family offices, and smaller investors. Minimum investment reduced from $2 million to $120,000. Aiming for $150 million total with larger investors like Khazanah. Financial Projections: FY24: $1.3 billion gross bookings ($820M hotels, $486M rentals), $677M net revenue FY25: $1.8 billion gross bookings (40% YoY growth) FY28: $3.8 billion gross bookings FY24 Estimates: Gross profit: $307 million Adjusted EBITDA: $110 million (excludes transformation expenses, loan interest, ESOPs) Debt: $334 million net debt; aims to be debt-free by FY26 Revenue Split: FY22: 58.4% hotels, 41.7% homes FY23: 64% hotels, 36% homes FY28 projection: 77.1% hotels, 22.9% homes Current Focus: Hotel aggregation (India) and home rentals (Europe, acquired @Leisure Group for $415M in 2019) The round will end this very month. ๐ค๐พ
Hey I am on Medialย โขย 5m
The Year of Indian Startups' IPOs Series : 1. Groww -> โข Groww is planning an IPO to raise approximately โน6,000 crore, aiming for a valuation between $6 billion and $8 billion. โข In FY24, Groww reported โน3,145 crore in revenue from operations, do
See MoreThe groupย โขย 1y
Major Acquisitions by BlackRock - Barclays Global Investor (BGI) - Acquired in 2009 for $13.5 billion, including the iShares ETF platform - Merrill Lynch Investment Management - Acquired in 2006 for $9.7 billion - eFront - Acquired in 2019 for $1.3
See MoreHey I am on Medialย โขย 10m
**Gruham** As India boasts a rich tapestry of cultural and architectural heritage, Gruham aims to preserve and celebrate this legacy by offering unique accommodation experiences. An aggregator of traditional homes converted into beautiful hotels a
See MoreGareeb Investorย โขย 8m
"Ever wondered how๐ Microsoft makes its ๐ฐ๐ฐmoney? Here's a breakdown from their Q1 FY24 earnings. With $56.5 billion in revenue, the key areas driving growth are Productivity & Business Processes, Intelligent Cloud, and More Personal Computing. The
See MoreContent creatorย โขย 5m
In shorts news app was founded by Azhar iqubal, Anunay Arunav, and deepit Purkayastha in 2013. In shorts was started in 2013 with a Facebook page News in Shorts. That year they launched Inshorts, an app with a format of news in 60 words. Inshorts w
See MoreBuilding WelBe| Entr...ย โขย 4m
Traya reported a net profit of INR 8.66 Cr in FY24 against a net loss of INR 27.83 Cr in the previous fiscal year Its operating revenue zoomed 284% to INR 236.04 Cr during the quarter under review from INR 61.43 Cr in FY23 Founded in 2019 by Saloni
See MoreI'm just a normal gu...ย โขย 1m
MakeMyTrip's net profit plummeted by 83% to $29.2 million in the fourth quarter of fiscal year 2025, compared to $171.9 million in the same period last year. This significant drop is noteworthy considering that the Q4 FY24 profit included a substan
See MoreHey I am on Medialย โขย 1y
Interesting News From OYO ๐ค๐คฏ โข Indiaโs Oyo, once valued at $10B, seeks new funding at 70% discount. โข Oyo, an Indian startup, seeks new funding at a $3 billion valuation, down from $10 billion. โข Negotiating with investors like Malaysia's Khazan
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