OYO acquires wedding marketplace Weddingz
Weddingz was founded in 2015 by former IIT-Delhi and Wharton School alum Sandeep Lodha. Gulati said OYO will not rebrand Weddingz and that it has absorbed the company’s entire workforce of about 200 employees.
Weddingz.in raises undisclosed funding from Sixth Sense Ventures
Weddingz.in, has raised an undisclosed sum from consumer-focused venture cap...
Our bookings were down 30-40% in Nov, 25% in Dec: Weddingz.in Founder and CEO
The biggest issue with demonetization and wedding planning is ...
Oyo sets sights on wedding business
Some of Oyo's offline stores will sell wedding products while others will be experiential in nature to help customers simulate wedding scenarios.
Oyo to shut doors on 2,400 Indian staffers, may let go more in March
Layoffs will be in mid-management, business development, sales and operations roles, & tech teams.
Oyo to end unprofitable contracts as SoftBank sets pre-IPO deadline
The company runs about 800 hotels under a self-operated business model, where it makes investments and has leasing arrangements with property owners. It is likely to phase out contracts under the segment that is not Ebitda-positive by March 31. Plans are also afoot to shut down ancillary businesses that do not post an operating profit by July as per a mandate from SoftBank.
Layoffs, rejig one-time exercise, will be over soon: Oyo CEO
Oyo is asking about 20% of its 12,000 employees to go, but this will end very soon, according to Oyo's CEO.
Oyo in advanced talks to acquire Innov8 for Rs 200 crore
Oyo, flush with funds, has been scouting for deals in the co-working segment for a while, at the behest of SoftBank, the people said.
Everyone's favourite startup Oyo is hit hard by hyper growth, a supposed toxic work culture. Can it hit refresh?
When Oyo was everyone’s favourite startup, there would be regular reports of the company aggressively entering newer markets. In the last three to four months, the story has changed and this year may be turn out to be pivotal for it.
IT goes big on design talent at campuses
IT and ecommerce companies are lining up at design institutes with job offers for students as they focus on improving their presence and interaction with customers in the digital space.
Ambit Private Wealth raises Rs 8.2 crore investment in WeddingZ.in
L Fast Brands Pvt Ltd., owner and operator of the brand and online portal www.weddingZ.in, has raised an angel Round (pre series A) funding of Rs 8.2 crore.
AppilyEver knots in seed round
Integrated wedding services app AppilyEver has raised a seed round of Rs 2.7 crores ($400,000) from a group of angel investors, led by founder of Univariety, Varun Aggarwal.
How fat Indian weddings are going on a crash diet to cope with demonetisation
For those who do not want to scrimp on costs in the time of a cash crunch, wedding planners who have tied up with banks is an option.
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