Oravel Stays, the mother or father agency of Softbank-backed hospitality decacorn Oyo, has pre-filed one more draft pink herring prospectus (DRHP) with market regulator SEBI (Securities and Alternate Board of India). Taking the confidential pre-filing route for an IPO, the 10-year-old agency is aiming to launch its preliminary public providing (IPO) round Diwali this 12 … [Read more…]
The funding winter, which has been specifically extreme for India’s excessive profile unicorns, has pressured a number of startups to trim their workforce and speed up transfer in direction of profitability. Now Byju’s, the Edtech “decacorn” which laid off in 1000’s final yr, has reportedly laid off much more folks final’s Thursday. In response to … [Read more…]
Starlink is an bold transfer by SpaceX (and Musk), and it guarantees to dwell as much as its motto of offering high-speed low-latency web wherever you might be, transcending geographical limitations. Batch after batch of Starlink satellites have been despatched to area to construct the constellation, Starlink rolled out to the general public. In case … [Read more…]