Indian startups get creative as coronavirus crisis fuels funding crunch
BookMyShow is promoting free-to-watch Instagram Live performances in an effort to keep its users engaged, while restaurant aggregator and food delivery firm Zomato is targeting a push into alcohol delivery.
Treebo's events booking platform, EventsHigh, turns profitable
The company takes a commission from the organisers for the business besides mo...
Paytm teams up with hotels to offer accommodation for healthcare professionals fighting Covid-19
Over the last few weeks, the company has lau...
CCI probe against Oyo, MakeMyTrip after allegations of unfair practices by Treebo
In a 13-page order, the Competition Commission of India (CCI) said that a case against MMT and Oyo for entering into a vertical arrangement having an appreciable adverse effect on competition in the market is also “prima facie” made out.
Oyo executives accused of faking NOCs from Treebo-listed hotels
Firm's employees in dock over “invalid” no-objection certificates to Booking.com.
Treebo Hotels launches paid voluntary resignation scheme for employees
After a townhall with its co founders, Sidharth Gupta and Rahul Chaudhary, Treebo's HR department sent an email to its employees which stated the vast majority of its hotels are on stop-sell, all demand channels have dried up, revenue has nearly disappeared, and cash reserves are running low.
Treebo fires 120 employees, blames failed funding
In July last year, Treebo had laid off 70-80 employees after online travel agency MakeMyTrip stopped listing the company on its platform
Treebo Hotels launches platform to benefit small, medium hotel owners
The platform will give small hotel owners access to benefits like hotel management technology, quality control support, staff training support, pre-screened vendors, etc.,.
Ola fires 1,400, says revenues plunge 95% in two months
Ola — backed by global marquee investors including SoftBank, Tiger Global, Tencent, and Steadview Capital—employs about 4,000 people in its Indian operations. It was valued at around $6 billion during its last funding round in September.
Zomato to lay off 13% of its staff as Covid-19 severely impacts food ordering business
Zomato has said it will let go of 520 people and undertake up to a 50% pay cut for remainder of the organisation.
Accor in advanced talks to invest up to $40 million in Treebo
The potential investment is expected to give Treebo a post-money valuation of $205-240 million and is likely to be part of a future larger round
Pay cuts, layoffs: Startup morale under lockdown
Over the past 4 weeks, at least two dozen top companies have fired employees and contract staff.
Flood of pink slips coming, warn startups
Much of the layoffs will stem from distress sales and company closures.
CCI orders detailed probe against Make My Trip, OYO
The Competition Commission on Monday ordered a detailed investigation against Make My Trip (MMT) and OYO for allegedly indulging in anti-competitive business practices.