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GetYourGuide picks up $484M, passes 25M tickets sold through its tourism activity app

As we swing into the summer tourist season, a company poised to capitalise on that has raised a huge round of funding. GetYourGuide — a Berlin startup that has built a popular marketplace for people to discover and book sightseeing tours, tickets for attractions and other experiences around the world — is today announcing that it has picked up $484 million, a Series E round of funding that will catapult its valuation above the $1 billion mark. The funding is a milestone for a couple of reasons. ...
Tags: Apps, Asia, Europe, Instagram, Bali, Entrepreneurship, Germany, Berlin, India, Softbank, Groupon, US, Social Media, Tech, Ceo, Economy


Online grocery startup Grofers lands $200M led by SoftBank’s Vision Fund

Hot on the heels of Indian delivery startup BigBasket raising $150 million — at a unicorn valuation, no less — so its close rival Grofers has also pulled in capital after it announced a $200 million raise to battle its local competition and international giants Amazon and Walmart. The round is the largest in India’s online grocery sector to date, and it was led by SoftBank’s Vision Fund, which continues to make major bets on the nation’s growing internet economy. KTB, and existing investors T...
Tags: Amazon, Food, Startups, TC, Asia, India, Softbank, Funding, Tech, Walmart, Alibaba, Alibaba Group, Logistics, Delhi, Sequoia Capital, Tiger Global


An Accor Deal for Oyo Rival Treebo Could Give It a Brand Foothold in Europe

Accor has been fairly quiet over the last couple of months on the acquisition front but it looks like another deal is in the offing with reports in India suggesting the French company is keen on investing in Indian budget hotel brand Treebo.
Tags: Travel, Europe, India, Accor, Oyo


InnoVen Capital, one of Asia’s most prominent venture debt firms, adds $200M more to its kitty

Founders might not believe it, but managing a venture capital firm isn’t all that dissimilar to a startup. Case in point today: InnoVen Capital, one of Asia’s most prominent venture debt firms, has pulled in $200 million in new money to continue its expansion in the region. The money comes from InnoVen’s two shareholders — Singapore sovereign fund Temasek and Singapore’s UOB — each of which has added $100 million in additional firepower for the fund, which is popularising debt-based financing...
Tags: Fundings & Exits, Asia, Money, Indonesia, Entrepreneurship, Finance, China, Southeast Asia, Singapore, India, Funding, Tech, Economy, Beijing, Venture Capital, Private Equity


The CEO of SoftBank Investment Advisers, who runs the world's biggest venture fund, offers an inside look at how he picks which companies to lavish with billions of capital

Rajeev Misra, the CEO of the $100 billion SoftBank Vision Fund, had a wide-ranging discussion at the Milken Institute Global Conference about his investing process. Misra revealed how he picks which companies to include in his portfolio, and what he looks for in a CEO. Follow all of Business Insider's coverage of the 2019 Milken Conference here. BEVERLY HILLS — If you're a promising-yet-fledgling company looking for a capital injection, chances are you've asked SoftBank Investment Advisers fo...
Tags: Softbank, US, Trends, David, Cambridge, Oyo, Milken Institute Global Conference, Misra, SoftBank Vision Fund, Rajeev Misra, Vision Fund, Milken, SoftBank Investment Advisers, Milken Platform, Cambridge Telematics


Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M

OYO, the fast-growing budget hotel startup out of India that’s backed by Airbnb, SoftBank, Grab and Didi, has made an acquisition to expand its footprint into Europe, specifically around self-catering home rentals. The company has picked up @Leisure Group from Axel Springer for about $415 million (€369.5 million). Axel Springer had a 51 percent share of the company and said it would be receiving €180 million in the deal, including the repayment of a shareholder loan of around €60 million, and a ...
Tags: TC, Europe, Japan, China, Berlin, India, Softbank, Tech, Airbnb, Ritesh Agarwal, Axel Springer, Didi, Oyo, Maninder Gulati, Leisure Group, Airbnb SoftBank


Axel Springer to sell stake in @Leisure to India's OYO for $202 million

German media company Axel Springer said on Wednesday it would sell its majority stake in European vacation rental group @Leisure to Indian hotel startup OYO for 180 million euros ($202.19 million).
Tags: Money, India, businessNews, Axel Springer, Oyo


SoftBank Vision Fund says its team will balloon to a whopping 800 people in the next 24 months

SoftBank Vision Fund has its pedal to the metal in more ways than one. On stage at the Milken Institute Global Conference yesterday, the CEO of SoftBank Investment Advisors, Rajeev Misra, reportedly disclosed plans to double the size of the investment arm from 400 employees to 800 employees over the next 18 to 24 months. That’s a lot of people  — especially considering that last September, one of its managing directors, Jeffrey Housenbold, told us that the organization employed 86 investors a...
Tags: TC, Uber, Hong Kong, New York, Saudi Arabia, China, Softbank, Tech, Bloomberg, Turkey, Sprint, Venture Capital, WeWork, Cia, Abu Dhabi, Yemen


SoftBank Vision Fund says its team will balloon to a whopping 800 people by late next year

SoftBank Vision Fund has its pedal to the metal in more ways than one. On stage at the Milken Institute Global Conference yesterday, the CEO of SoftBank Investment Advisors, Rajeev Misra, reportedly disclosed plans to double the size of the investment arm from 400 employees to 800 employees over the next 18 months. That’s a lot of people  — especially when considering that last September, one of SoftBank Vision Fund’s managing directors, Jeffrey Housenbold, told this editor that the organization...
Tags: TC, Hong Kong, New York, Saudi Arabia, China, Softbank, Tech, Bloomberg, Turkey, Sprint, WeWork, Cia, Abu Dhabi, Latin America, Cnbc, Silver Lake


Hotelbeds seals deal with OYOHotelbeds seals deal with OYO

Agreement signed with fast-growing budget chain
Tags: Travel, Oyo


Travel activities platform Klook raises $225M led by SoftBank’s Vision Fund

We recently noted that SoftBank’s Vision Fund has stepped up its deal-making in Asia this year, and today it added a new company to its roster: travel services platform Klook. Hong Kong-based Klook announced today that it has raised a $225 million round led by the Vision Fund with participation from existing investors. The deal — which is described as a “Series D plus” — comes just eight months after Klook announced its $200 million Series D at a valuation of over $1 billion. The company didn’t ...
Tags: Google, Fundings & Exits, Startups, Facebook, Asia, Europe, Japan, Southeast Asia, Softbank, Funding, E-commerce, Taiwan, Asia Pacific, Alibaba, Korea, Airbnb


India’s OYO enters Japan in partnership with SoftBank

Fresh from closing a notable investment from Airbnb, India’s OYO has expanded its footprint into Japan. The move comes through a joint venture with investor SoftBank — which led OYO’s $1 billion round last year through its Vision Fund — which will cover hotel-based accommodation and home rentals. Financial details around the joint venture were not disclosed. An OYO representative declined to go into details when asked. OYO started out in India, where it initially aggregated budget hotels, and it...
Tags: Travel, Asia, Japan, Indonesia, China, India, Softbank, Philippines, Malaysia, Nepal, United Kingdom, United Arab Emirates, Hotel, Airbnb, WeWork, Laser


Airbnb invests $150-200 million in Oyo: Reports

On April 1, home-rental firm Airbnb confirmed it had invested in Gurugram-based Oyo. While the companies did not disclose figures, various reports including one from the Economic Times pegged Airbnb’s investment at $150-200 million (Rs 1,027 crore to Rs 1,370 crore). The deal will immediately allow... ...
Tags: Travel, News, Funding, Investment, Airbnb, Economic Times, Oyo, Gurugram


Travel News: April 3, 2019

Disney’s Star Wars lands generating excitement but trepidation about crowds, too Travel Weekly The excitement around the opening of Star Wars: Galaxy’s Edge at Disneyland Resort and Walt Disney World Resort is only mildly tempered by concerns of overcrowding in the first weeks after the themed lands open in Disneyland on May 31 and Disney’s Hollywood Studios on Aug. 29. “We would say there’s unprecedented demand” for Galaxy’s Edge, said Claire Bilby, senior vice president of sales, services and...
Tags: Travel, Indonesia, India, Disney, Earth, Broadway, Disneyland, Disneyland Resort, Tempo, Edge, Komodo Island, National Park Service, News And Deals, Oyo, Walt Disney World Resort, Komodo


Airbnb Will Invest Up to $200 Million in India’s Budget Hotel Chain Oyo

So it's finally confirmed. Airbnb is investing up to $200 million in India's budget hotel chain Oyo, a deal that India Oyo observers say has big upsides for both companies.
Tags: Travel, India, Airbnb, Oyo, Budget Hotel Chain Oyo, India Oyo


Airbnb invests in India's biggest hotel company

Airbnb did not disclose how much it was investing in OYO, which aims to be the world's biggest hotel chain by 2023.
Tags: India, Cnn, Airbnb, Oyo


Airbnb to invest $100-200 million in OYO: source

Home-renting company Airbnb will invest between $100 and $200 million in SoftBank Group-backed Indian hotel start-up OYO, a source with direct knowledge of the matter told Reuters, as it dives deeper into the hotel-booking business.
Tags: Money, businessNews, Airbnb, Reuters, Oyo, SoftBank Group


Airbnb invests in Indian start-up OYO’s series E funding round: Reuters

Home-renting company Airbnb has invested in Indian hotel reservation start-up OYO’s Series E funding round, as it dives deeper into the hotel-booking business. Airbnb did not disclose the details of its investment in OYO, which is backed by Japan’s SoftBank Group Corp. U.S.-based Airbnb will look at ways to make the OYO accommodation available on its platform, the company said on Monday. The investment will give Airbnb access to a variety of franchised or leased hotels, helping it lure traveller...
Tags: Japan, China, India, Softbank, Trends, Malaysia, Airbnb, Reuters, India China, Oyo, VC Deals, Greg Greeley, Maninder Gulati, OYO Hotels Homes, SoftBank Group Corp U S, Airbnb OYO


Airbnb confirms stake in India’s OYO, sources say it invested $150M-$200M

Airbnb is continuing to widen its focus beyond ‘unconventional’ hotels as it gets ready for a much-anticipated IPO. Following its acquisition of HotelTonight last month, the company has picked today (April Fool’s Day) to confirm that it invested in India’s OYO — a startup that manages budget hotels and other stays. The deal has been rumored for a couple of months and it is additional to OYO’s (then) $1 billion Series E round which was led by SoftBank’s Vision and included participation from ride...
Tags: Fundings & Exits, Asia, Indonesia, China, Southeast Asia, India, Softbank, Funding, Tech, Ceo, Philippines, Malaysia, United Kingdom, United Arab Emirates, Sharing Economy, Airbnb


Airbnb confirms $150M-$200M investment in India’s OYO

Airbnb is continuing to widen its focus beyond ‘unconventional’ hotels as it gets ready for a much-anticipated IPO. Following its acquisition of HotelTonight last month, the company has picked today (April Fool’s Day) to confirm that it invested in India’s OYO — a startup that manages budget hotels and other stays. The deal has been rumored for a couple of months and it is additional to OYO’s (then) $1 billion Series E round which was led by SoftBank’s Vision and included participation from ride...
Tags: Fundings & Exits, Asia, Indonesia, China, Southeast Asia, India, Softbank, Funding, Tech, Ceo, Philippines, Malaysia, United Kingdom, United Arab Emirates, Sharing Economy, Airbnb


NAMA Digest: Developments at WhatsApp, Flipkart, Delhivery and more

A quick roundup of the developments in the Indian and international digital, tech and business ecosystem. WhatsApp will start showing the exact “forward” count (if it has been shared more than 5 times) of forwarded messages to its users, reports Engadget. The messages will be labeled “frequently... ...
Tags: Travel, Apple, News, Internet, Investments, Whatsapp, Mergers & Acquisitions, Flipkart, Delhivery, Engadget, Oyo, Byju, Eros Now, Venture Catalysts, Shopmatic, NetMeds


Airbnb just checked in its 500 millionth guest

For $181 per night, Airbnb guests can stay in a castle in Galway, Ireland. Many have taken the home-sharing business up on this offer with the company sharing today the castle supplies its most-booked private room. Along with that fun datapoint, Airbnb shared a slew of other stats indicating an upward trajectory for the 12-year-old company. Most notably, Airbnb has just recorded its 500 millionth guest arrival across one of its 6 million homes, yurts, tree houses, boats and more.  Airbnb cros...
Tags: Startups, San Francisco, Tech, Hilton, Marriott, Ihg, Airbnb, Andreessen Horowitz, Expedia, EBITDA, Galway Ireland, Oyo, Starwood Hotels, Airbnb Airbnb, Crunchbase News Airbnb, HomeAway and Bookings Holdings


Airbnb in talks to invest $100-200 million in OYO: Report

Airbnb, which is planning to go public by next year, has been looking towards India and China to meet its growth goals, and OYO with its sizeable footprint in these two markets fits in neatly with these plans.
Tags: Travel, China, India, Oyo


NAMA Digest: Developments at Oyo, Ola, Network 18, Truecaller, MobiKwik, Naspers and more

A quick roundup of the developments in the Indian and international digital, tech and business ecosystem. Developments in the digital ecosystem Naspers wants to invest $1 billion in India, which could see it increasing its presence in food delivery, reports Mint. Former Paytm VP Sonia Dhawan was... ...
Tags: Travel, Ecommerce, Video, News, India, Oneplus, Ola, Naspers, Truecaller, Wattpad, Paytm, Dot, Me, Makemytrip, Dailymotion, Cait


NAMA Digest: Developments at Oyo, Twitter, Amazon, YouTube, Facebook and more - MediaNama.com

NAMA Digest: Developments at Oyo, Twitter, Amazon, YouTube, Facebook and more   MediaNama.com A quick roundup of the developments in the Indian and international digital, tech and business ecosystem. Developments in the digital ecosystem. Oyo will pump ...
Tags: Seo, Oyo, NAMA Digest, Oyo Twitter Amazon YouTube Facebook


NAMA Digest: Developments at Oyo, Twitter, Amazon, YouTube, Facebook and more

A quick roundup of the developments in the Indian and international digital, tech and business ecosystem. Developments in the digital ecosystem Oyo will pump in $200 million in its India and South Asia business to focus on expansion and customer experience, the company said in a statement. It has... ...
Tags: Travel, Mobile, Facebook, Uber, Twitter, News, Internet, Youtube, Investments, India, Amazon Prime, Policy, Regulation, Britain, South Asia, Quikr


The Khashoggi murder isn’t stopping SoftBank’s Vision Fund

Money talks in the startup community, especially when SoftBank comes knocking with the megabucks of its Vision Fund. Despite the public outcry around the firm’s dependence on money from Saudi Arabia in the wake of that country’s assassination of Washington Post journalist Jamal Khashoggi, deal flow for Softbank’s Vision Fund appears to be back to normal. The $100 billion megafund has done 21 deals over the last two quarters, that’s as more than in the other quarters of the previous year combi...
Tags: Fundings & Exits, Lyft, Asia, Europe, Washington Post, Saudi Arabia, Finance, China, Southeast Asia, Singapore, India, Softbank, Funding, Tech, Son, Prince


NAMA Digest: Developments at Paytm, PhonePe, Zomato, Oyo, Amazon, IndiaTech and more

A quick roundup of the developments in the Indian and international digital, tech and business ecosystem.  Developments in the digital ecosystem The Telangana Government has launched a digital networking platform called Telangana State GlobalLinker, in partnership with GlobalLinker. This platform... ...
Tags: Travel, Google, Mobile, Ecommerce, Twitter, News, Internet, Government, Walmart, Policy, Electric Vehicles, Bmw, Zomato, Flipkart, Inmobi, Paytm


Developments in the digital ecosystem today

A quick roundup of the developments in the Indian and international digital, tech and business ecosystem.  Industry developments Zomato expects its subscription service Zomato Gold to bring in $20-25 million in revenue by the end of 2019, per the Economic Times. Oyo is in talks to acquire... ...
Tags: Travel, Mobile, Facebook, Twitter, News, Internet, Investments, Drones, Zomato, Ubereats, Grofers, Makemytrip, Swiggy, SilverPush, Oyo, Digital India


Developments in the digital ecosystem today

A quick roundup of the developments in the Indian and international digital, tech and business ecosystem today.  Funding and moves Flipkart co-founder Sachin Bansal has invested Rs 650 crore in Ola Cabs a Series J round, according to a company statement. Singapore-based mobile advertising platform... ...
Tags: Travel, Mobile, Facebook, Ecommerce, Twitter, News, Internet, Youtube, Investments, Singapore, Content, Soundcloud, Flipkart, Ola, Truecaller, Inmobi