The story of Ankur Jain, unchecked ambition, and ₹2,100 crores in losses A) The Context Picture this: It’s 2017. You walk into a Bangalore brewpub. Everyone’s drinking the same beer&mdas...
Moody’s Investors Service has elevated Oravel Stays Limited's corporate family rating (CFR), the parent entity of travel tech platform Oyo, from B3 to B2. The upgrade also applies to the senior secured term loan issued by its subsidiary, Oyo Singapore. The outlook for the company remains stable, reflecting confidence in its financial trajectory. New Loan Assignment A B2...
Greenzo Energy India Ltd. (GEIL), a prominent manufacturer of alkaline electrolyzers, has entered into a significant partnership with France-based EODev (Energy Observer Developments). The collaboration aims to introduce hydrogen fuel cell power generators to the Indian market. As part of this strategic tie-up, GEIL will not only distribute EODev's zero-emission hydrogen generators but will also p...
OYO has experienced an impressive 250% growth in its company-serviced hotel segment, just one year after its launch in September 2023. The company has successfully added 700 hotels under its direct management, far surpassing the original target of 200 hotels. This outstanding performance has been driven by strong customer satisfaction and positive feedback from hotel owners. Guests have appreciate...
Protean eGov Technologies Limited has been awarded a landmark contract worth Rs 161 crore by the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), a Government of India entity. This contract appoints Protean eGov as the System Integrator for the design, development, implementation, and continuous operations and maintenance of the upgraded Central KYC...
In the first half of the fiscal year, online pharmacy startup PharmEasy delivered disappointing results for global investment firm Prosus, posting an internal rate of return (IRR) of -38%. This underperformance mirrors a continuing trend, with PharmEasy’s IRR at a far worse -44% during the same period in FY24. Despite attempts to cut its losses, PharmEasy is still facing significant hurdles...
Merino Industries Ltd., a frontrunner in environmental sustainability, has launched an innovative Green Logistics initiative to transform the heavy trucking sector. This pioneering effort demonstrates the company's commitment to reducing carbon emissions and moving towards a more sustainable future in its operations. By integrating green logistics, Merino is not only enhancing its operational effi...
Cochin International Airport Limited (CIAL) marked a significant milestone with the arrival of Eva, a one-year-old mixed-breed cat, making her the first pet to be imported through the airport under its newly acquired Animal Quarantine and Certification Services (AQCS) authorization. Eva’s journey from Doha to Kochi on an Air India flight was completed at 10:17 a.m. on Thursday, the airport s...
Asia-centric private equity powerhouse PAG has finalized a deal to acquire a controlling stake in Manjushree Technopak, a leading packaging solutions provider, according to industry insiders. The transaction values the entire company at an estimated $850 million to $950 million. Abandonment of IPO Plans The US-based Advent International, which currently promotes Manjushree Techn...
Innov8, a coworking brand under OYO’s portfolio, has revealed plans to secure Rs 100 crore in primary funding. The company aims to achieve this at a valuation of Rs 1,200 crore. This capital infusion is intended to fuel its ambitious growth strategy and strengthen its market position in India's coworking industry. Expansion Plans for 2025The startup is gearing up to double its coworki...
The Unthinkable Just Happened Imagine this: A company that started by mailing DVDs in red envelopes just bought one of...
The Story Over the last two years, government agencies auctioned 88 gigawatts of solar and renewable projects...
What's the story? Elon Musk says it. Jeff Bezos believes it. And now Sundar Pichai is betting big on it. By 2030, it co...
The Story of Two Bansals, a $16 Billion Deal, and a Singapore U-Turn The Beginning: When Books Met Ambition Picture...
Company Brief Prisma Global Limited is an India-based technology company operating in the AI-driven visual intelligence...
How Two US Giants Crushed India's E-commerce Darling In February 2016, Snapdeal stood at the pinnacle of India's e-comm...