Oyo Rooms - Surviving the Pandemic

Oyo rooms which emerged as an internet start-up and took India by storm through its unconventional ideas and liberal approach towards couples has become a giant in the Hospitality Industry. By giving the Indian youth some freedom and a private space to live their romantic dreams OYO established very strong roots in the ground of hospitality.

The ongoing pandemic of Covid-19 virus has taken down many industry giants and OYO is no stranger to its devastating powers. Before the pandemic struck India hard and brought it’s economy down on its knees, OYO was the Pegasus of Indian hotel industry that caught a little cold when Covid-19 impact struck the market down and bleeded out many companies like it.

Nevertheless, as we know that OYO doesn’t know how to give up and back down, it pushed back the avalanche of economic, operational and functional disaster and is constantly trying to get back up while the COVID-19 waves keep on hitting India and the world badly. OYO's India business is now EBITDA positive and the company is earning similar gross profits globally in dollars since January 2021 as it did  This OYO news is a relief for the investors and the CEO Ritesh Agarwal.

'OYO is on a steady path of resurgence in 2021 and we are seeing signs of recovery across India, Europe, and Southeast Asia. OYO's survival through the Covid crisis and our resurgence show that we are a company with strong fundamentals and high value potential,' said the firm's founder and Group CEO Ritesh Agarwal in an e-mail in March.

This is a story opposite to the BigBasket News, Grofers News which explained how these grocery delivering companies earned a huge profit during the pandemic. The pandemic was not all the same for everyone, some were able to make a fortune out of it, some were barely able to drag themselves out of the economic breakdown and some didn’t even live to see the light of day after the COVID-19 crisis.

Covid-19’s impact on Startups was brutal, many crumbled, went bankrupt or said that they had the money to survive only for a few days or months and if they didn’t receive any magical help, they will be doomed and might not get back up on their feet. Some managed to save themselves with funding from investors or the government and some saw a rapid rise in their business. However, this isn’t over so let’s brace ourselves and work together to come out of it unharmed, healthy and happy.

Latest Startup Funding News

 Here are some of the latest startup news-

 

Rupeek-

 

Rupeek, a gold-based hybrid loan platform has raised $33 million or Rs 239 crore in its Series E round led by GGV Capital and four other investors. Previously, Rupeek has raised $30 million in Series D financing led by Flipkart’s co-founder Binny Bansal.

 

iNurture-

 

iNurture has raised $10 million or Rs 71.5 crore, in a bridge financing round from Kimera Ltd, a Dubai-based family office. iNurture is an Edtech company that provides higher education programs in India. It is a twelve-year-old firm launched by Ashwin Ajila that provides industry-relevant graduation and post-graduation degree programs in partnership with recognized colleges and universities in India. It leverages its partnerships with industries to promote guest lectures, internships, industrial visits, live projects, and placement assistance.

Bewakoof-

 

Bewakoof a Direct to consumer or D2C fashion brand has raised funds from IvyCap Ventures. The fresh raise will be used to help the company streamline its operations, which was severely hit during the onset of the pandemic. Bewakoof was founded by Prabhkiran Singh and Siddharth Munot in April 2012. The brand sells trendy apparel and accessories and its customer base includes a huge audience of millennials across tier I, II, and III cities.

MyGlamn-

 

MyGlamn is an Omnichannel direct-to-consumer beauty brand that has raised $24 million or Rs 175 crore in its Series C funding round led by Ascent Capital, Amazon, and Wipro Consumer. It is the latest funding for them after a gap of 20 months. Previously, the startup which is based out of Mumbai has raised Rs 100 crore in the previous round led by Bessemer Venture Partners in June 2019.

PolicyBazaar-

 

PolicyBazaar, an online insurance aggregator has recently raised $75 million in a round led by Falcon Edge Capital. This capital infusion for the IPO-bound company has materialized after 18 months. According to Yashish Dahiya, the co-founder and Group CEO of PolicyBazaar, this raise will be used to expand the policybazaar.ae operations and relations in the UAE that is involved with insurance, loans, and credit cards. PolicyBazaar, based in Gurgaon has previously raised its last round from Tencent in 2019. 

 

For more such latest startup news and startup funding news, visit entrackr.com

 

Top 6 Latest Startup Funding News

In this article, we have highlighted some of the latest startup funding news in the market. 

 

Hiver, a software-as-a-service startup, bags $4 million (about Rs 29.06 cr) in debt funding from Mars Growth Capital, a Singapore-based joint debt fund launched by MUFG Bank - Mitsubishi UFJ Financial's core banking unit and Liquidity Capital.

 

According to the co-founder and CEO of the startup, Niraj Ranjan, the company plans to deploy the capital to expand its marketing and sales efforts to widen its customer base. Niraj founded the company with his co-founder Nitesh Nandy in 2011. 

 

KreditBee, a digital lending startup based in Bengaluru, has raised worth $75 million from its Series C Round from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital, and Arkam Ventures. Kreditbee plans to use the funds to expand its loan product offerings and improve its solutions stack. 

 

Happily Unmarried, the parent company of Ustraa, has raised Rs. 20 crore in its Series H round. The brand sells men grooming products under its subsidiary company Ustraa and sells its products through retail outlets, web portals, and eCommerce marketplaces like Amazon and Flipkart. 

 

Zomentum, an IT sales acceleration platform, has raised $13 million in Series A funding from Elevation Capital, Greenoaks Capital, Accel, and Eight Roads Ventures. Zomentum is looking to use the money to expand geographically and build out its products. The company was founded in 2018 by Shruti Ghatge and Rahil Shah and had raised $4.1 million earlier in seed funding from Accel and SAIF Partners six months ago. Zomentum helps IT channel partners and SMBs to leverage the best IT solutions. 

 

Grofers, an online grocery delivery service based out of Gurugram, has raised $2.75 million in Series F round from Euler Capital Fund, a Chicago-based asset management firm. Euler had earlier invested $4.6 million in Cars24's Series D Round. Euler had earlier invested %4.63 million in Cars24's Series D round in September 2019. Grofers is a seven-year-old company founded by Albinder Dhindsa and Saurabh Kumar and is yet to cross Rs 200 crore. 

 

VerSe Innovation has raised over $100 million (about Rs 728 crore) in a Series H funding round from Qatar Investment Authority, the State of Qatar's sovereign wealth fund, and Glade Brook Capital Partners. VerSe Innovation is the company behind Dailyhunt, a local language news platform and Josh, a short-form video app. VerSe had hired Avendus Capital as their exclusive financial advisor on the deal.

For more such latest startup funding news, please visit Entrackr.   

Upcoming Startups in India by Entrackr

It’s a great time for start-ups in India. As the startup scene in India is gaining global prominence, more and more startups are emerging to take the startup scene by storm.

We’ve put together a list of upcoming startups in India who are rocking the startup scene.

FreshToHome

 

 Founded In - 2014 

Headquarter -Bangalore, Karnataka, India

Total Funding - $152M

 

Freshtohome is an Indian e-commerce startup that that focuses on meat and fish. The company has recently raised $121 million as a part of its Series C funding round. The startup was founded by Shan Kadavil in 2015. FreshToHome receives nearly 1.5 million orders through its fully integrated e-commerce platform. 

 

Unacademy

 

Founded - 2015

Headquarter - Bangalore, Karnataka, India

Total Funding - $398.5M

 

Unacademy is an online learning platform based in Bangalore. The platform provides educational content such as video lectures and examinations. It originally started as a youtube channel created by Gaurav Munjal in 2010 and now has a network of over 18,000 educators providing education content including preparation material for various professional and educational entrance exams 

Shuttl

 

Founded - 2015

Headquarter - Gurgaon, Haryana, India

Total Funding - $122.3M

 

Shuttl is a mobile app-based office commute bus aggregator that makes users’ daily commute safe, reliable, and affordable for everyone. Shuttl operates in more than 6 metro cities across the country and has also been preparing to launch in the international market with Thailand. The company was founded by Amit Singh and Deepanshu Malviya. Its first intra-city bus fleet operations started in 2015 with Delhi-NCR. 

Swiggy

Founded - 2014

Headquarter - Bangalore, Karnataka, India

Total Funding - $1.6B

 

Swiggy is an Indian online food ordering and delivery platform based out of Bangalore, India. Swiggy operates in more than 100 cities and has now expanded into general product deliveries under the name Swiggy Stores. Swiggy is operated by Bundl Technologies Private Limited. The startup was founded by Nandan Reddy and Sriharsha Majety in 2014. 

Nykaa

 

Founded - 2012

Headquarter - Mumbai, Maharashtra, India

Total Funding - $145.9M

 

Nykaa is an online marketplace for beauty, wellness, and fashion products. The company was founded by Falguni Nayar in the year 2012. It is a unicorn startup and was valued at US$1.2 billion in the year 2012.  The company is looking to raise $50-150 million in a financing round that will value the brand at $2 billion.

For more information related to startups and the latest tech news, visit- https://entrackr.com/

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Track the latest Startup news with Entrackr

With so much around the globe continually unfolding, it can be challenging to keep track of all the new events and inventions. To ensure that you remain competitive on all the latest technology developments and significant advancements in India's latest startup news, ENtrackr provides the most up-to-date and future startup funding news in India. ENtrackr gives you, the readers, an infinite source of startup funding news and fresh feeds from India's startup news field. With all the updated information from all over the country, you can remain intact with the world and appreciate the quick speed of events. Track the latest startup news and technology information with Entracker and also avail the opportunity of being part of the discussion around the global advancements.

 

About Entrackr-

ENtrackr is a global online platform that collects and covers the latest startup funding news and all the technological sphere events and presents it to the readers with precision and accuracy. Entracker gives the world's most up-to-date information from tech giants and developing startups in India. It helps to communicate with the most current technology-related facts and startup funding news and keep you aware of the world's events. ENtrackr offers regular updates on the latest news notifications and provides the smallest specifics on India's various startup news. With features like Fintrackr and Unitrackr, you can also be an active part of discussing the world's events and sharing your opinion with the other readers. 

 

Latest startup funding news by Entrackr-

With Entrackr, you can access the latest details of several Indian startups, including Bolo Indya, Payu, Rapawalk, Lattu men, Foody buddy, boat rocket, and many more. ENtrackr offers information on the money these startups have earned, their fundraising efforts, and their future ambitions. ENtrackr is one of the first online news reporting sites to document and report on the funding raised this week by 21 Indian startups. According to ENtrackr, seventeen of these won a cumulative aggregate of about $299 million. As reported on the website, 'Zenoti' collected an immense sum of money ($160 million), followed by 'LeadSquared' ($32 million). Alongside some funding news about upcoming startups in India, ENtrackr also covers its founders and compares its past attempts with the current ones. To find more financial information about many other startups and their financing, such as Arya, Delhivery, visit the vast web platform of ENtrackr. 

To read more about India's upcoming venture funding news in India, hurry and tune into ENtrackr - India's fastest online news tracker arena. ENtrackr makes sure to include the latest updates and pop-ups on its website to keep your inner tech-worm eager and alive.

To find out more about startup news in India, visit Entrackr today, and travel the whole nation with just a click!

 

Entracker provides the latest tech startup news and details about the upcoming startups in India.

ENtracker is an online news website that gives the world's most up-to-date news from India's tech giants and upcoming startups in India. It seeks to link you with the most recent tech startup news to keep you aware of the planet's events. ENtracker delivers regular updates on the latest news alerts and provides the smallest information on India's upcoming startups. With the new changes unfolding around us, the shape of the planet is continually changing. ENtracker is only a click away to allow you to wrap your mind around all the news or activities in the world, such as sports, technology, or economics, at your service. To ensure that you catch the technical system's recent events from every niche and crevice in the country, it provides you with complete information on India's upcoming startups. ENtracker aims to link you with the latest tech startup news and provide you with all the details from technology startups. ENtracker is your one-stop destination if you want to get all the latest tech startup news and exciting information about India's latest potential entrepreneurs.

What is Etracker?

ENtrackr is a website for internet news that holds the world's most up-to-date information from tech giants and developing startups in India. It helps to communicate with the most current technology-related facts and startup funding news and keep you aware of the world's events. ENtrackr offers regular updates on the latest news notifications and provides the smallest specifics on India's various startup news.

Upcoming startups in India-

Entracker covers the latest and the most upcoming startups in India. Read about the efforts made by new startups like Lokal - Local language-focused news and classifieds startup, and NewsRise - a Delhi based financial news startup, and also know details about their funding and prospects. Also, find spicy details about more startups like GSC, Nuo bank, Doxper, Nowfloats, Cardekho, Chargebee, and many upcoming technological advancements and startups. 

So if you want to take part in the most spectacular conversation about the latest tech startup news in India, immediately connect to ENtracker's online forum. Avail of the tempting advantages of reading the latest information about upcoming entrepreneurs in India and flaunting your tech-info skills and knowledge with your bosses, friends, and family. 

Read about the latest news on Entrackr to keep your inner tech-worm happy and alive and find out the latest pop-ups and alerts about the same. Join forces with Entracker to visit the entire nation with only a click or a tap to power your technical knowledge base and feed your intelligence capacity!

 

Find the latest Startup Funding News at Entrackr

 With too much constantly unfolding around the world, keeping track of all the latest events and innovations can be overwhelming. ENtrackr offers the most up-to-date and forthcoming startup funding news in India to ensure that you stay competitive on all the latest technological advancements and significant progress in India's startup news. ENtrackr provides you, the readers, an unlimited stream of feeds on the new technologies and emerging startup funding news in India. You can stay intact with the globe and comprehend the fast pace of events with all the updated news from all over the country. 

What is ENtrackr-

ENtrackr is an online news website that carries the most up-to-date news from tech giants and emerging startups in India to the world. To keep you mindful of the world's activities, it aims to connect with the most current technology-related information and startup funding news.ENtrackr offers daily updates on the latest news alerts and provides the smallest details on the numerous startup news in India. 

Startup Funding news by ENtrakr-

you can tap the latest information about many Indian startups, including

Bolo Indya, Payu, Rapawalk, Lattu kids, Foody buddy, ship rocket, and many more at Entrackr.  ENtrackr provides information on the capital received by these startups, their funding activities, and their plans for the future.ENtrackr is one of the first online news monitoring platforms to record and report on the funding received by 21 Indian startups this week. Seventeen of these have earned a gross aggregate of around $299 million, according to ENtrackr. 'Zenoti' raised an enormous amount of money ($160 million), led by 'LeadSquared' ($32 million), as reported on the website.

As per ENtrackr, support for 4 of the overall funded startups remains undisclosed. ENtrackr ensures that each numerical value is crisp and accurate in the overview of funds collected by India's newest startups. ENtrackr notes that with joint participation from India Quotient, PagarBook funded $15 million in the same vein. ENtrackr also covers its investors alongside certain funding news about upcoming startups in India and contrasts its previous attempts with the recent ones.

Visit ENtrackr's massive online portal to find more funding news about several other startups and their fundings, such as Arya, Delhivery: ., LeadSquared, Bira 91, Cover It Up, Oliva, Countingwell, Pickrr, LOGIQ, Callify.ai, BiteSpeed, etc. 

So hurry and tune into ENtrackr - India's quickest online news tracker arena, to learn more about India's upcoming startup funding news in India. To keep your inner tech-worm eager and alive, ENtrackr makes sure to include the new alerts and pop-ups on its portal online. 

Join forces with Entrackr to visit the entire nation with just a touch and learn about more startup news in India.