SoftBank Group has cut the valuation of Indian hotel startup Oyo Hotels on its books by more than 20%, Bloomberg reported. The move by the Japanese investment giant, Oyo’s largest shareholder, comes as the Indian startup is preparing for an initial public offering. SoftBank’s valuation for Oyo has decreased to $2.8 billion in the quarter through June, from its previous valuation of $3.4...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
My Life's Work culture
The Founder Who Escaped Deportation by Building a Business in 60 Days
It was early 2021 when Sampei Omichi’s deportation countdown started: He had 60 days left on his student visa before he would have to leave the country. The then–21-year-old’s only option was to found a startup to qualify for an international entrepreneur parole, which allows entrepreneurs to stay in the country for over two years— assuming, of course, he could raise...
TaskRabbit Founder Raises Fund to Back Startup Investors From Underrepresented Groups
Intel’s Mobileye Files for IPO as Tech Firms Renew Interest in Public Listings
Uniswap Labs in Talks to Raise Round at $1 Billion Valuation
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Org Charts crypto
FTX Org Charts: Inside Sam Bankman-Fried’s Crypto Empire
Market Research culture
Silicon Valley’s ‘Swag Gap’: A Colorful Rival Comes for Patagonia’s Abdicated Throne