The founder and CEO of Oyo Hotels, the SoftBank-backed Indian startup, said it has about $1 billion to fund its operations, Bloomberg reported. The comments come after Oyo booked losses and laid off thousands amid the Covid-19 pandemic, which has drastically reduced demand for travel. Oyo also has struggled to make much headway in the U.S., The Information previously reported . Speaking to...
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The Weekend culture policy
What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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